The professional services industry is extremely competitive. New and changing accounting and tax regulations cause new and different challenges. Growth strategies must be agile and having a firm handle on accounting, finance and tax efficiencies is critical to taking advantage of new opportunities.
As a professional services organization ourselves, we understand how they work and how to help you rise above your competition. Our suite of accounting, audit, tax, and advisory services enables professional teams–in the areas of engineering, law and architecture–to focus on serving their clients, rather than managing day-to-day challenges of accounting, finance and tax.
We consult with professional services firms of all sizes to help them create financial efficiencies, sustain their business, and grow profitability. Our advisors provide technical and operational strategies that allow these service providers to devote their time to generating revenue.
Focus Area: ESOPs for Architects
Cendrowski Corporate Advisors has built a focused practice area in succession planning and ESOPs for architectural firms. An ESOP is an employee stock ownership plan, which allows you to retain control over your firm, protects your team’s employment, and is a true win-win for your company and your staff.
It can be hard to focus on succession planning when the work won’t be used for a long period of time. It is also unpleasant to think about a key member of your leadership team resigning or passing away. But the health of your organization depends on a strong succession plan.
Leaders must invest quality time or the succession planning process will fail. Key stakeholders need to play a role in creating a successful succession plan, and in building strong relationships with possible successors. Organizations that look to the future, and what the business will need then, will ensure a longer legacy.