You can, but I cannot stress enough how much of a bad idea it would be not to incorporate from the very beginning. Also, you should not wait to obtain legal counsel. If you go for it alone, you could miss some nuances that have a direct impact on your business. For example, the type of corporation you decide to establish will impact how your startup is taxed and whether your personal liability is at stake. A lawyer will be able to advise you about the ins and outs of incorporating as a limited liability company (), S-Corp, C-Corp, or as some other type of corporation (more on the various types of corporations ). You will also need to give careful thought as to where you incorporate your business because not all states are created equal–some states are very friendly to startups (think ) and others are considered less so. An attorney will provide you with expert advice about the pros and cons of the states you are considering for your company.
Forgoing obtaining a lawyer at the beginning stages of your startup could cost you a lot more money down the road if things go wrong. The good news is, obtaining a quality legal professional at a reasonable price is not out of reach, even for a new business.
My companyis disrupting the traditional framework for obtaining and providing legal services. First of all, since we exclusively exist online, overhead costs are essentially eliminated. Thus, when you engage a lawyer through LawTrades, you are paying for the work itself and not other expenses. Also, rather than an hourly rate, you will pay a flat rate for whatever legal service you need, so you never have to worry that picking up the phone to ask a question is going to cost you more out-of-pocket. All of our attorneys are pre-vetted, highly-trained and have solid legal experience, especially with tech startups and small businesses. In addition, for each engagement, LawTrades provides a Project Manager who will be available to troubleshoot any problems that may arise from the start of your project through to its completion. We offer a free consultation and no obligation price quotes. Check us out. Good luck!