Small firms are the most vulnerable to crises, disasters, and lawsuits. In fact, according to the US Chamber Institute for Legal Reform, more than 40 percent of small businesses were either involved in or threatened with a lawsuit due to A) administrative oversights or errors, B) undelivered services or C) poor quality of service, much […]
The Quarterly eNewsletter of The AIA Trust —January 2019
Small Firm Business Models
Today is an invigorating time to pursue best practices as they evolve to face challenges in the design professions. Architects in firms of all sizes are being inundated with ever expanding information and technologies to consider. How does one stay informed, engaged, and focused at the leading edge of best practices?
Healthcare Update: October 2018
While there is not currently an association group plan nor customized health plan that the AIA Trust can offer to AIA members, there is some cause for optimism.
Solving the Long Term Care Puzzle
Assuring quality long term care for a loved one is far more complex than simply arranging for care and figuring out how to fund it. There are many legal and financial issues and obstacles that arise. While insurance is a key component to funding long term care, assuring quality care and dealing with the legal […]
The Reality of Virtual Architectural Practice
A recent webinar, Virtual Architectural Practice—An Alternate Reality, presented by the AIA Trust in partnership with the AIA Practice Management Knowledge Community, showcased current virtual practitioners, a legal expert, and an insurance expert who shared their insights in a 90-minute session. The webinar was designed to help you understand the many benefits of a virtual […]
Coping with Inevitable Firm Transitions
Every firm has a life-cycle. Professionals leave firms to practice individually or to join another firm; a firm might dissolve as a business entity or be acquired by or merge with another firm; or, firm owners may retire or be unable to continue providing professional services. These firm transitions require special protection, and they should […]
Could Your Firm Use a PEO?
A Professional Employer Organization, or PEO, is a business model that helps small to mid-sized businesses manage the everyday HR needs that smaller businesses struggle to handle alone, such as paying employees, filing payroll taxes, providing health insurance (and other benefits), getting workers’ compensation coverage, developing employee policies, managing employee issues, and more.
The Perils of Substitutions
While you may have spent years developing a reliable specification based on research and product performance to be sure your work is exemplary, you may be asked to review proposed product substitutions with which you have limited knowledge or experience. Since you may be perceived as obstructionist if you object or viewed as approving the […]
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