The Soapbox

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Joined: 08/31/2001 Posts: 31759
Likes: 49037


Everyone gets hit in a downturn ... even CPAs and lawyers.


I know plenty of CPAs in the big accounting firms who sat on the beach in the last downturn. If they specialize in bankruptcy or specific recession proof industries, they're good. However, that's far fewer than more ... especially small businesses.

You're a lawyer. You know what happened in 2001. Bankruptcy lawyers were thriving. However, a lot of corporate lawyers were let go. You were a defense attorney ... hence your business was more recession proof. That's said, most small businesses aren't that specialized.

(In response to this post by southdenverhoo)

Posted: 03/05/2021 at 11:35AM



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Current Thread:
  Using PPP funds for a new car? -- HoodatB 03/05/2021 11:08AM
  Moved** -- TomGlansAski 03/05/2021 12:48PM
  You don't seem to understand how the PPP works. ** -- Hokieesith 03/05/2021 11:10AM
  Sure, ResistHooda, whatever you say ** -- TomGlansAski 03/05/2021 11:11AM
  No. My doors aren't open to normal appointments. -- Hokieesith 03/05/2021 10:36AM
  Right. Who works through doors these days? ** -- HoodatB 03/05/2021 11:06AM
  Do those changes (likely) defer -- Shenhoo 03/05/2021 10:27AM
  I think it will. I think it worked that way last year. -- Hokieesith 03/05/2021 10:36AM
  It's a nightmare. LOL. ** -- Hokieesith 03/05/2021 11:05AM

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