Advising an International Engineering Firm on Corporate Reorganization and Compliance with Design Professionals Licensing
We acted as a strategic adviser providing guidance to an international engineering firm in its internal corporate reorganization. We structured a professional licensing strategy to maintain compliance with various licensing laws in multiple jurisdictions as well as assisted with the development of professional compliance processes. During the course of the process, the firm changes its organizational structure to allow for ownership succession.
Licensing of design professionals in the U.S. is extremely complicated with each state enforcing its own rules. Our expertise in design professional licensing laws and regulations allowed us to craft an efficient and comprehensive strategy for this engineering firm's multi- state practice that earns $600 Million per year in revenue.