Step One, Find an Accountant - Articles

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Posted by: Barry Kolar on Apr 29, 2014

As you begin your adventure into the practice of law, it is important to remember that your law practice is, above all, a business. One of the FIRST THINGS you should do is find a reputable accountant that can help you navigate through the initial set-up and ongoing business administration of running a law practice. Just as you know many things about the law that the average person does not, a competent accountant knows many things about business that you may not, such as obtaining a franchise and excise tax certificate of registration, obtaining a local business license, getting a federal Employer Identification Number (EIN), making required quarterly estimated income tax payments, etc.