TexasBarCLE: Getting the Doors Open – Essential Steps to Start Your Firm

Whether leaving a firm to start a new one or opening your own practice after law school, there are many considerations: the type of practice, finances, insurance, technology, marketing, support staff, and much more. As an employee, most of these items are handled by leadership and so you likely have not had to give them much thought. Starting your own firm means these responsibilities will now fall to you. Unfortunately, most lawyers are never given an opportunity to learn how to start and run a business. In this session, we will cover the essential steps to getting the doors of your law firm open to the public. After this session, you will be able to:

– Identify the best business structure for your law firm operations
– Understand professional vs. personal risk and insurance coverage benefits
– Recognize business tax considerations, including the value of an EIN
– Appreciate banking needs and relationships