SFGH associate Jack O’Connor moderated a West LegalEd Center/Financial Poise webinar titled “Finance & Accounting 101.”
On February 13, 2018, SFGH associate Jack O’Connor moderated a West LegalEd Center/Financial Poise webinar titled “Finance & Accounting 101” as part of its 2018 series “Advising the Startup.”
There is an old and sage saying, “if you don’t know your numbers, you don’t know your business.” Cash is the lifeblood of a business, and a strong finance and accounting function is critical to avoiding a liquidity crunch and otherwise keeping any business healthy. This can be particularly true in the case of a startup because cash is often particularly constrained because the company may not yet have the credit history to support preferred credit terms that other companies may enjoy. This webinar discusses the basic financial and accounting records any company should keep; how to establish and maintain strong finance and accounting practices; and the business and legal consequences that can befall a company that fails to do these things.