Wilson Sonsini is pleased to support the LaunchBio Larger Than Life Science series, Avoiding Audits, Tax Tips for Grant Compliance. Grants are an important source of funding for early-stage companies. Once a company has won a grant, they must know how to manage the grant. Effective grant compliance requires an understanding of requirements and a plan to adhere to those requirements. From an accounting perspective, that means having a system to translate compliance terms into policies and procedures. This workshop will provide an overview of budget tracking and reporting, labor cost allocation, and internal controls.

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