Over the years, the question I’m asked most by a person or group wanting to start a practice is, “What does the bank require in order to get my/our financing?”
The most important first step is to evaluate what your particular financial needs will be with respect to operating expenses for the first year. Operating expenses include such items as partner draws and salaries for associates, secretaries, paralegals and other staff. Also included are rent, parking including your clients if necessary and all insurance needs, such as health, life, disability, workers’ compensation, key man life and professional malpractice, to name a few.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
