3 ms·
Incorporating a business is more than just "get it done". The inc docs are the easy part, running and maintaining it are much more difficult. The inc docs shoul
by seanmccann 15y ago
Incorporating a business is more than just "get it done". The inc docs are the easy part, running and maintaining it are much more difficult. The inc docs should involve a lot more thought and effort. Seeking the help of a lawyer is often required. Who knows what BOA has in their cookie cutter documents. Beware!
- tptacek 15y agoThe documentation for setting up an LLC largely is cookie-cutter stuff. Most of the company formation issues that implicate lawyers involve equity allocation and IP rights; if you have a non-dramatic founding team and can defer questions about vesting and control, you can probably skip the lawyer. Meanwhile (I'm a broken record on this): it's better to be incorporated than not incorporated; the contract liability protection you get from doing business as a corporation is significant.