Architects.
Architects often must accept full and unlimited liability for the integrity and viability of a particular structure, since human lives, and comfort, depend on it. That’s why architects seek Lohn Caulder to help them deal with the details and protect their accumulating wealth as efficiently as possible.
Credit control, interpretation of contracts, and release of holdbacks; all of these are commonplace financing issues that face architectural firms.
British Columbia architects are world-renowned, and are often engaged outside of Canada. Lohn Caulder has rare in-house expertise to guide architects through the maze of regulations that doing business in other countries can involve.
We also have full access to the worldwide resources of the independent firms of BKR International. Thus, an architectural contract in China, or Peru, for example, would not present an unusual tax or compliance challenge for us, as we are accustomed to the issues that such situations usually entail.
Personnel and Incentives
Architecture is a profession that features a number of unique aspects. One is staff retention. Not everyone can be a boss, but it’s often important to ensure that key players in the organization, who may have face-to-face involvement with important clients, feel integrated and connected to the firm – and it’s important that they have the satisfaction of knowing that their ‘extra’ efforts are recognized, and rewarded, usually through some form of bonus or ‘phantom stock’ program. Other techniques involve direct stock ownership programs, deferred compensation plans, RRSP savings plans, or individual or general pension plans. All designed to keep the person “chained” to the firm with “golden handcuffs” – i.e., nice things to have that are subject to loss, should the person leave the firm.
