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What Are Common Legal Expenses for Startups?

It depends largely on the specific needs of the company.

Most new companies require the basics: obtaining an EIN, filing the incorporation, registering for all required state and local licenses, filing the appropriate tax registrations, and drafting an operating agreement or by-laws.

Depending on your geographical location, the legal fees plus costs and filing fees for this work can range roughly between $1000 to $2500 on LawTrades.

Costs may raise if you need help with patent or trademark registrations, software copyrights or other IP work, which you’ll certainly want to obtain so you can protect those valuable corporate assets. Creating a stock options program, drafting employee handbooks, personnel policies, employment agreements, independent contractor and vendor agreements, and virtually all other contracts also contribute to legal costs.

Have more questions? Feel free to visit LawTrades

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