A long firm is a trading company set up for fraudulent purposes; the basic operation is to run the company as an apparently legitimate business, gradually extending the amount of cash advances from customers at the same time as increasing the amount of credit from suppliers; when the pot is large enough, the perpetrators decamp with customers' money and suppliers' goods. The procedure needs a certain amount of money to set up, often the proceeds from another crime or a previous long firm.
The Long Firm is a novel by Jake Arnott which describes a criminal's career; the title comes from the protagonist's first venture being a long firm.
Long have tried to develop a specific definition by looking at the historical use of the word, as it evolved (Outcalt 2000).
Perhaps the first person to create a theory about modern entrepreneurs would be Schumpeter, although instead of using the French word adopted by the American literature, he used the German word "unternehmer", and "unternehmergeist" (spirit of entrepreneurship).
Casson, M. 'Entrepreneurship and the theory of the firm'.
Long Law Firm is fully qualified to use alternative dispute resolution as a means to resolve cases early and at significant cost savings.
Long Law Firm maintains a substantial and widely varied general business practice, serving as general counsel, state counsel, and local counsel for numerous local, state, regional, and national companies involved in a wide range of commercial activities.
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