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START UP CHECKLIST
|Checklist |Status |
| |Choose your law practice name. | |
| |Decide on the legal form of your law practice: solo vs partnership. If you decide on a Partnership, you should | |
| |also consider drafting a Partnership Agreement. | |
| |Develop and implement a business plan. | |
| |Determine the financing you will need and how you will get it. Prepare a budget for financial obligations (rent,| |
| |salaries, insurance, establishing a line of credit, tax planning, etc.). | |
| |Contact Bar Council to advise them of your practice and to meet regulatory requirements. | |
| |Consider statutory or legislative requirements required in setting up a law practice in Malaysia. | |
| |Location. Is your office near your potential client base? Is it high density or low density? Are there client | |
| |access or parking issues? Is it near public transit, etc.? | |
| |Will you share space? What will your rent cost? | |
| |Open bank accounts. | |
| |Plan for risk and insurance. Obtain insurance (PII, fire, theft, personal accident, etc). | |
| |Permits, licenses, tax files, etc. | |
| |Will you use a bookkeeper? | |
| |Human Resource. Hire employees, terms of appointment, etc. | |
| |Develop policies and procedures for day-to-day management of the practice (e.g. employee policies, office | |
| |management, etc.). | |
| |What office equipment will you need? | |
| |What services should you subscribe to? | |
| |What form of system will you use for trust accounting, billing, payroll, diary, conflicts, etc.? | |
| |Develop a marketing plan. | |
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