Phillip Ross

Phillip Ross, a CPA and succession planning expert at Anchin, dives into the critical topic of succession planning for architecture firms. He reveals key financial strategies that can significantly enhance a firm's value and outlines common pitfalls that can reduce payout. The importance of cultivating future leaders and the emotional challenges of transitioning leadership are discussed. Additionally, Phillip explores the growing trend of Employee Stock Ownership Plans (ESOPs) and the role of private equity in firm valuations, offering crucial insights for firm owners.