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how much $ to inject into solo practice?
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Date: March 8th, 2010 4:48 AM Author: Fuchsia cruise ship i may only have 10k or so to devote to my solo practice from the get-go. that being said, i plan to forego a dedicated office, etc until i land a client or two. until then, ill rent office space as needed.
tips? |
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Date: March 8th, 2010 7:20 AM Author: Trip fear-inspiring trump supporter Don't do it. Or, when you need someone to handle your chapter 7, let me know. (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14330557) |
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Date: March 8th, 2010 7:21 AM Author: boyish charcoal dog poop lol dude, he'll be fine. it's not like he's starting up a manufacturing company the requires $200k startup capital. (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14330558) |
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Date: March 8th, 2010 7:25 AM Author: Blue indirect expression he won't make it with 10k. (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14330562) |
Date: March 8th, 2010 7:25 AM Author: Blue indirect expression foonberg, who is like the god of starting your solo practice, says you must have enough to be able to sustain yourself for a year. (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14330561) |
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Date: March 10th, 2010 11:07 AM Author: Fuchsia cruise ship assume all living expenses are taken care of
then i only need to save up operating expenses for a year. i think 2k per month = 24k will do then |
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Date: March 8th, 2010 9:58 AM Author: thriller karate wagecucks That's crazy. That's not even enough to support yourself on for a year. (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14330826) |
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Date: March 10th, 2010 11:16 AM Author: insecure gold school cafeteria Better question:
Comprehensive list of resources on starting a solo practice INCLUDING very frank and honest discussions on the costs and benefits and chances of success. |
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Date: March 10th, 2010 2:29 PM Author: bipolar juggernaut center If living expenses are covered for a yr, then 10K would be enough assuming you didn't take Plaintiff cases which required a lot of costs (which you would pay for and get back upon settlement/jdgmt).
Work out of your house. Rent "an office" from one of those business suites which basically allows you to receive mail at the address and receive phone calls. You can rent out their conference room or crt reporter's conf room if you need to. Get a website going. Get your name on the web everywhere. Get business cards, malpractice insurance and hustle your ass for business.
If you feel its not going to work out, then start sending out resumes too. Not that much risk. |
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Date: March 10th, 2010 2:31 PM Author: Trip fear-inspiring trump supporter Also, buy the state's practice guide. Those are better than Westlaw for 99% of smalllaw questions. (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14351770) |
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Date: March 10th, 2010 2:32 PM Author: bipolar juggernaut center cr (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14351783) |
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Date: March 10th, 2010 2:30 PM Author: Bull Headed Theatre Can you get a loan from any family members? Being able to keep your head above water for an extra few months can make the difference between success and failure. Being under-capitalized is a bitch. (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14351768) |
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Date: March 10th, 2010 2:31 PM Author: Abusive immigrant piazza INJECT, INJECT! (http://www.autoadmit.com/thread.php?thread_id=1244584&forum_id=2#14351775) |