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The firm should do the work for deferred cash payment. I.e. they do $25k of legal work, and you pay up when you get real money. You obviously need to look cre
by adamsmith 19y ago
The firm should do the work for deferred cash payment. I.e. they do $25k of legal work, and you pay up when you get real money. You obviously need to look credible / have good intros / etc.
They shouldn't get equity because they don't _really_ add that much value at an early stage. It will also look bad to investors if you give equity to people who shouldn't have it. Work on your product, ask questions later.
Set up an S corporation if you incorporate yourself.