Law Firm Capitalization
Why do you need capital? Capital is necessary to provide working capital and to fund client costs advanced, fixed assets, growth, retirement and unforeseen events.
Sustained, regular, positive cash flow is the lifeblood of any business. It does not matter if you are Exxon or the neighborhood coffee shop. Positive cash flow is a requirement. That basic concept was temporarily forgotten with the dot-com companies in the latter half of the 1990s. The sudden and severe loss of market value in those companies during the first years of the new millennium was primarily due to the re-emergence of this business fundamental.
Download the complete article to read more…