When starting a solo or small practice, a lawyer has to consider many new business details that were unnecessary while working for a larger firm. How do taxes differ for sole proprietorships versus other entity types? What are the necessary business or trust accounts for each individual lawyer? What is the most important thing to consider when paying taxes and acquiring insurance? Any lawyer who is starting a solo practice, confused by the options and information available, can make costly mistakes.
In this episode of New Solo, Adriana Linares interviews our own Reba Nance, Director of the CBA LPM Department, and Bill Gibson, about what steps lawyers can take in the beginning of their solo practice to optimize their chance of success.
Click here to see the interview and read more about their advice.