3 ms·
Yea, because lawyers at biglaw firms are telling people to incorporate as a Delaware C-corporation just so they can rack up legal bills. Ha! I don't know wher
by swampthing 12y ago
Yea, because lawyers at biglaw firms are telling people to incorporate as a Delaware C-corporation just so they can rack up legal bills. Ha!
I don't know where your SO works, but most biglaw attorneys in Silicon Valley view formation work as a loss-leader. It's not where the money's at.
And you definitely don't need to have a biglaw lawyer to form a Delaware C-corporation.
- 7Figures2Commas 12y agoYes, the incorporation is just the beginning of the cookie-cutter work that gets performed by associates who are billed out at exorbitant rates not justified by their level of experience. I don't have anything against Biglaw. There is a place for the large full-service firms. But I can retain one at any time. At the earliest stages of a company, incorporating in Delaware "because VC" and retaining a Biglaw firm "because success" is just foolish for the average entrepreneur, especially young first-timers who have a high likelihood of failure. Entity selection is usually easily revisited, and you can get high-quality legal counsel at a fraction of the Biglaw cost.
- swampthing 12y agoI'm not sure where you got the idea that I'm arguing for getting a biglaw attorney?