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Conclusion

There are many benefits of running a virtual practice but as with any enterprise, the risks must also be considered. Many business needs, such as employees, licensing, and infrastructure may be handled differently in a virtual practice than in a traditional practice, but they still must conform to the law.

If this overview has inspired you to consider virtual practice, be sure to consider all the requirements.

Think through and plan how to set up your practice for success, hiring the professionals you’ll need to help you lay the groundwork.

At the Kezlo Group, Winters has employees rather than contractors and says his firm is now like one big family – very social and communal. He pays attention to employee development and career advancement so that employees can learn and grow, becoming more independent and responsible for project outcomes. Since most employees have young families, everyone understands the need not to go into an office every day. He likes to work with people that he considers as friends and avoid the work-life dichotomy that exists in traditional practice – and ultimately achieve greater fulfillment for all his employees.

Luis suggests that one approach a virtual practice with the best of intentions and an open mind – and while it may not be for everyone, there is a growing segment in the architecture profession now practicing this way as a result of advancements in new technology.

Macrae states that going virtual has been the best decision of his career. He works with creative and highly skilled collaborative consultants and these solopreneurs enjoy consistent, meaningful, and lucrative ventures, with everyone achieving real independence. With a virtual architectural practice model, he finds that the world can be your marketplace, no matter where you are located.

For More Information:

Contact the AIA Trust LegaLine for more information about how they can help your firm, whether virtual or traditional.

Visit the AIA Trust Legal Network for referrals and the AIA Trust Professional Liability Database for more information about insurers and pertinent considerations.

Find out whether a Professional Employer Organization (PEO) would work for your firm: http://www.theaiatrust.com/peo-hr-outsourcing-for-firms/

Check out all the free practice resources available to you on theaiatrust.com: http://www.theaiatrust.com/practice-resources-and-benefits/

If you’re just starting a firm, visit the section of resources and benefit programs especially geared to you: http://www.theaiatrust.com/new-in-practice/

For more information on Benefit Corporations, visit http://benefitcorp.net/ .


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