The answer to this will vary business to business.
The reality is, some entrepreneurs don’t necessarily need certain legal services, while others would fail without them.
As a general rule, a few key areas that most entrepreneurs need are:
- Intellectual Property—A lot of startups try to skimp on this because they may not see a need for it in the moment. However, a few years later if there are any issues they will have wished they covered this area.
- Business Formation—Of course, you want to get your business set up the right way that suits you best. Sometimes, people are unaware of which entity is the best for their business. A lawyer can help.
- Contracts—You want to be sure that you have airtight contracts with investors, partners, and even employees. Because language is open to interpretation, this is not usually something you want to DIY.
The best thing you could do is get a startup lawyer in your corner so they can start chipping away at some of these key areas.
is a marketplace of freelance attorneys that offers direct and affordable legal services. We are especially passionate about startups and I think we could help out. We’ve already assisted over 1000 entrepreneurs just like you and we’d be happy to offer our services. Check out our website and get in touch to set up a consultation.