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For small law firms, buying an office may be a good choice. The savings alone can be particularly hard to pass up. Also, ownership can allow for more fiscal certainty than leasing a building, and owners can take advantage of tax benefits. However, that's not to say the rigors and responsibilities of ownership should be taken lightly. There are considerable economic risks and other potential hurdles that those looking to buy should consider.
September 29, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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