Sunday, January 25, 2009

Hiring a Good Professional

Having a solid relationship with a CPA or financial attorney can be a huge advantage especially if you run your own business. This is a very important relationship that you shouldn't overlook.

In the business world having the right financial professional in your corner is almost like having a partner. They can answer many business management questions and even help in your personal finance issues. The right financial professional can advise you on many other services, which could include advice on your accounting system, your financial performance, estate/tax planning, and even your retirement. They can even advise you in the right direction for a business loan.

Now let's dive in and look at some tips for hiring the right financial professional.

First and most important you need to do a thorough search for the right person. Check their background. This could include schooling and any former employers or work history in general. Next you need to verify the professionals' credentials. Many of the so called professionals are working unlicensed or not educated in finances. You definitely need to check references. If they have bad references you need to know because one wrong step and they could put you into a bad credit rating. This step may take some time but it will be worth it in the end.

You need to be sure that you are comfortable with the person. You don't want to get involved with a financial professional and find out that they are trying to damage your credit or any other investment you're trying to make. Going to a few lunches and informally talking can be a sure sign if you have chemistry. A last thing you should look at is will this person help if you have any special needs. These special issues could include everything including bankruptcy.

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