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Legal help forming a C Corp (or converting an LLC)
Hey all. I formed an LLC earlier this year as an easy way to start a company without all the formality of a corporation. However, we are now in the stage where we want to raise money, and it's clear we have to be a C Corp.
Can anyone recommend a good, inexpensive, lawyer to help us form a C Corp and help us draw up some documents including Founding Employee Agreements, etc.
We ultimately want a vanilla boilerplate that's low cost and will protects us when we get to the funding stage.
Thanks for your help in advance!
- Shamiq 18y agoC Corp with doubly-taxed dividends... Do you have an accountant that works with you? The CPA I run to whenever I have a question has a lot of his own boiler plates he has accumulated over the years and has a list of lawyers he has worked with for other companies. The best resource for finding someone local is someone else local.
- gstarsf 18y agowell, I'm in the bay area if you have any suggestions!
- car 18y agoI've seen some reasonable SF lawyers on CL. You should vet whoever you work with well, since you might be working with them for a long time. Also, consider an S corp election initially, which has tax advantages. Some lawyers will try to keep you coming back for technicalities, so they can charge you. If they want to keep the corporate book, consider it a red flag. My advice: buy the Nolo book on corp records, and incorporate through LegalZoom.com. You really only need lawyers for litigation or patent stuff. You can also do your own trademarks. One more thing, don't give your lawyers equity. It only muddies the water, and can lead to conflict of interest. You can find some interesting advice on http://www.venturehacks.com http://www.venturehacks.com. Finally, good luck with your venture! I envy you :)