Financing Basics

This is FindLaw's Law Firm Management Center's collection of free articles related to Finance Basics, which includes issues like cash vs. accrual accounting and debt collection. Lawyers may not make good accountants, but they should understand the basics of law firm finance if they are running their own firm. Start your research with FindLaw.
Financing Basics Articles
    • Financial Management in a Contingent Fee Practice
      Provided by Michael G. Blum of LawFinance Group, Inc.
      This article illustrates how borrowing funds and converting non-deductible litigation expenses into tax deductible expenses has the cumulative dual benefits of creating a larger pool of funds for law firm investment in litigation costs, growth and partner distributions, and reducing the firm's net cost of using borrowed funds.

      Read More »

    • Jurismedia Releases Module for Interest Calculator
      Provided by Jurismedia
      Ability to compute complex refund scenarios now available through leading interest calculation software for the legal industry.

      Read More »

    • Lawyers: Accepting Credit Card Payments Via Smartphone or Tablet
      Provided by Richard Link of FindLaw
      With mobile credit card processing through your smartphone or tablet, it's easier than ever to get your legal fees paid by credit card.

      Read More »

    • Ponzi Schemes Continue to Thrive: Investors Need to Watch for 10 Signs That an Investment May Be Too Good to Be True
      Provided by Sareena Malik Sawhney of Marks Paneth and Shron LLP
      Investors need to beware of Ponzi schemes and exercise their own due diligence to make sure they're not caught up in a "too good to be true" financial fraud.

      Read More »

    • CLLA Seeks Change in Outdated FDCPA Law
      Provided by CCLA
      During the Federal Trade Commission's recent workshop, "Collecting Consumer Debt: The Challenges of Change," The Commercial Law League of America (CLLA) made a strong statement for change to the Fair Debt Collections Practices Act (FDCPA).

      Read More »

    • Self-Employed Business Owner Tax Strategies
      Provided by Editorial Staff of AICPA
      If you're one of the 20 million self-employed in the United States, you'll need to pay your own FICA taxes and take charge of your own retirement plan, among other things.

      Read More »

    • Solo and Small Law Firm Accounting Issues
      Provided by FindLaw
      There are two primary types of accounting methods: accrual and cash accounting.

      Read More »

    • What Lawyers Don't Get About Finance
      Provided by Robert Ambrogi of IMS ExpertServices
      There are two kinds of people in the world, says finance expert Tom E. Greene: word people and number people. Most lawyers fall into the first group, which explains why they either panic or gloss over when faced with financial concepts in litigation.

      Read More »

    • Understanding Equity Capital
      Provided by U.S. Small Business Administration
      Equity capital or financing is money raised by a business in exchange for a share of ownership in the company. Ownership is represented by owning shares of stock outright or having the right to convert other financial instruments into stock of that private company. Two key sources of equity capital for new and emerging businesses are angel investors and venture capital firms.

      Read More »

    • What is a Balance Sheet?
      Provided by U.S. Small Business Administration
      The balance sheet is a snapshot of the company's financial standing at an instant in time. The balance sheet shows the company's financial position, what it owns (assets) and what it owes (liabilities and net worth). This article describes the elements of a basic balance sheet.

      Read More »

    • Financing Basics: Do You Have Enough Business Capital
      Provided by U.S. Small Business Administration
      While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Whether you're starting a business or expanding one, sufficient ready capital is essential.

      Read More »

    • The Dollars and Sense of Small Business Ownership
      Provided by U.S. Small Business Administration
      Whether you're starting a business or expanding one, sufficient capital is essential. While poor management is most often cited as the reason businesses fail, inadequate financing is a close second.

      Read More »