The recent banking tragedies with Silicon Valley Bank, Credit Suisse and First Republic sparked a fury of news and articles about what went wrong and how it impacted financial markets. It caused many entrepreneurs and investors deep anxiety, with legal tech startups being no exception.
It is understandable you might be concerned about steps you can take to identify the correct financial institution for your company. As a business owner, you deserve the peace of mind that your assets are being managed responsibly. Let’s take a look at five questions to ask—besides the usual considerations like interest rates, balance requirements, monthly charges, and other specific business needs—when zeroing in on the right financial institution for your legal tech startup.
- What are your company’s current and long-term needs?