Advising Your Business Clients in Good Times: Key Legal And Business Strategies

During recessions, businesses and their owners take specific actions to survive and weather any given storm. In good times, business clients may not know the various advantageous opportunities to help them maintain and grow a successful business. Attorneys can assist their clients in identifying those opportunities and take actions to not only ensure compliance and success but also to survive the next downturn.

Learning Objectives:

I.  Grasp common legal and business problems 

II. Understand the various issues including:

• Inventory 
• Receivables 
• Expenses 
• Restate Income Statement 
• Restate Balance Sheet 
• Deductions 
• Cash v. Accrual Recognition

III. Understand succession planning considerations

IV. Recognize various legal and business strategies