Retaining an attorney is the best option when you have legal troubles or questions. An attorney is trained and educated to understand the law and use their knowledge to navigate the legal system. A licensed attorney has surpassed the high ethical and proficiency standards to represent clients on an individual basis.
But to become an attorney, there is no requirement to understand business and finance. There are no required courses to take to educate the attorney about business world and most attorneys educational backgrounds are in social sciences like psychology and political science. This does not match well with the fact that most litigations and transactions are about money.
A Certified Public Accountant (CPA) is proficient in accounting and business. Besides four years of education to learn accountancy and tax, there is an experience requirement to get hands on business experience, multi-day exams to pass, and weeks of continuing education every year. A CPA know business and finance from the ground up, from the smallest book entry through the largest transaction.
The CPA Attorney has both of these credentials of being a licensed attorney and a registered CPA. This pairing is rare. The benefits of one person having both makes every engagement more efficient and allows for legal problems to be handled from the business perspective. It truly is hiring two professionals for one fee. The attached article further explains the benefits of an attorney who is also a CPA.
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