In the legal sector, where the timing of revenues and expenses can be unpredictable, maintaining a healthy cash flow is crucial for sustainability and growth.
The Importance of Cash Flow Management in Legal Practices
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Legal
I want to introduce a new Solicitor/Member to the LLP – what do they need to know?
Many professional services firms, particularly within the legal industry operate through a Limited Liability Partnership (LLP), with the Members of the LLP being equivalent to directors and/or shareholders of a limited company.
Do we need to have an LLP Members’ Agreement?
You might wonder why you should take the time to think about the terms of a Members’ Agreement and then pay for the Agreement to be drawn up? Helen looks at the 4 key reasons for drawing up an agreement in this blog.
Why are we qualified to carry out a Solicitor Accounts Rules Audit?
The Accounts Rule 12.5, holds members responsible for ensuring the reporting accountant who prepares and signs the Accountant’s Report is a member of a chartered accountancy body and is, or works for, a registered auditor.
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