Course description

Analyzing a Clients Balance Sheet for Legal Purposes

Gain an understanding of the content, purpose, and importance of various financial reports.

Attorneys representing business, finance, and contractual relationships for commercial clients increasingly need to understand the various financial reports their respective clients produce and share with third parties. Increased familiarity with basic financial reporting is valuable in discussing business and legal options available to clients when doing business in commercial transactions.

This topic will break down the elements of balance sheets and other financial reports; will identify the various third parties with whom clients often need to share financial reports and how you can protect a client in the preparation and sharing of such materials; and offers tips and tools for the negotiation of what reports a client can and will provide to third parties for the protection of the client. You will gain an appreciation for the importance of various aspects of financial reports and the differences between such reports and will become more familiar with the issues to be discussed with a client and negotiated with a third party.

Who should attend?

This live webinar is primarily designed for attorneys but other legal professionals may also benefit from attending.

Training content

Overview of Potential Client Uses of Balance Sheets Which Require Lawyer Review

  • Discuss Investment Purposes
  • Discuss Financing Issues
  • Discuss Tenant Issues
  • Discuss Corporate Organization Issues

Basics of the Balance Sheet From a Legal Perspective

  • Description of Assets
  • Description of Liabilities
  • Discuss Preparation Methodology and Notes

Subsidiary Financial Reports

  • Personal Reports – Personal, Irrevocable Trust, Revocable Family Trust
  • Company Reports
  • Real Estate Reports – Rent Rolls, Property Schedules, etc.
  • Financial Statements

Negotiable Issues to Protect a Client

  • Concerns of Investors
  • Concerns of Lenders
  • Timing and Review Requirements

Review of Key Points

About Lorman Education Services

Lorman Education Services - Live and On-Demand Courses

Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...


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Contact info

Lorman Education Services

Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

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