Episode 20 - Forms of Business & Practice

In this episode of the "Part Three With Me" podcast, Maria Skoutari discusses various business structures for architecture practices, aligning with Part 3 Criteria of Practice and Management (PC4). She details eight types: sole trader, partnership, private and public limited liability companies, limited partnership, limited liability partnership, unlimited liability company, and cooperative/collaborative arrangements, outlining the pros, cons, and legal implications of each. Maria provides a scenario about collaborating on a timber frame system project to contextualize the information, advising on considerations like employment contracts, supervision by a qualified architect, and potential business relationships. The episode aims to educate architecture students and those considering starting their own practice on the essential factors to consider when choosing a business structure.