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I fall right in the middle with the lawyer advice. You should not incorporate without seeking very good legal advice from someone who knows what they are talki
by patrickambron 14y ago
I fall right in the middle with the lawyer advice.
You should not incorporate without seeking very good legal advice from someone who knows what they are talking about in your industry. Yes, incorporating a business is easy and standardized, but as MattMarron pointed out, you can do it in a way that is bad for your type of business. For example, as a tech startup, you shouldn't structure yourself life a restaurant. You need founder shares to vest overtime, etc
On the other end, some people just blindly pay and trust lawyers to know your business for you. Lawyers should not be decision makers. Rule of thumb: Do not pay lawyers to tell you how to do things. Figure out how you want to do them, then pay lawyer to make sure that's actually represented in the fine print.
Find a lawyer who's worked with similar companies, seems trustworthy and doesn't charge you for every 15 min phone call