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Forming a startup without a real lawyer is very difficult, especially if you have to create contracts with outside parties. For a basic incorporation and issuin
by rdin 16y ago
Forming a startup without a real lawyer is very difficult, especially if you have to create contracts with outside parties. For a basic incorporation and issuing of shares, you are looking at a few thousand in legal fees. Though it may seem like a lot, it's best to do it correctly from the start, rather than doing it multiple times.
- ryanlchan 16y agoI'm going to echo the 'real lawyer' advice. It's really not that expensive - your first consultation is likely free, giving you the ability to shop around to find a firm that you trust. With the right lawyer and a boilerplace incorporation, you should be able to get incorporated with only $2-3K. Though there's nothing terribly complicated about forming an S-Corp or a LLC (the two entities you'd be likely to form), there are a lot of little niggles that, should you get wrong, can go very wrong. Allow me to remind you of this disaster that happened on HN just a few days ago: http://news.ycombinator.com/item?id=2399139 http://news.ycombinator.com/item?id=2399139 tl;dr Don't hack your legal stuff. Get a real lawyer.