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About the Product
Chapter 15 The Capital and Capitalization of the Solo Law Practice - Every law practice, even a solo law practice, needs and makes use of capital. Financial capital is necessary for business improvements, equipment and facilities, carrying accounts receivable and work in process, staff training, and a cash reserve for routine operating expenses and periods of low cash receipts.
This chapter explains how to predict your firm's capital needs, how to acquire additional capital, and how to manage the capital you have available. Also discussed are resource issues, management of your existing working capital, and financial considerations in selling a practice. Acquiring and managing capital effectively is essential to a well-run practice. Learn the essentials with this straightforward primer.
Buy the Book! This chapter is one of fifty-seven power-packed chapters found in the book, Flying Solo: A Survival Guide for the Solo and Small Firm Lawyer, Fourth Edition. For more information on purchasing the book, visit:
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