As licensed professionals, architects are always personally liable for their own negligent acts, errors and omissions. Therefore, if an architect is the sole owner of the corporation or LLC, there is no real benefit in the form of legal entity. The principal means of protection is professional liability insurance, which covers the firm and all employees. In larger firms there may be some personal protection to the degree that an individual is not involved in a specific project.
This is an example of the helpful information you receive when you have a “Practice Coach” – through the AIA Trust LegaLine service. To learn more about LegaLine and how it can help you, click here.
More from the “Did You Know” series.