• June 2018
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What steps should a startup take to incorporate? We don’t have the money to hire a lawyer but we have people joining our team and need to write contracts. Additionally, we want all work done and all IP produced to legally belong to our company.

There are obvious tradeoffs with doing it on your own versus hiring a lawyer. But if you have some cash, it’s almost always better to have a startup lawyer on your side during the early stages of your company.

Just to preface, I’ve had some success with starting 2 internet based businesses along with spending quite some time navigating all the legal stuff.

Currently I’m helping 100’s of early-stage startups get incorporated with: https://www.lawtrades.com.

Okay, now that we have some credibility out of the way, let’s get it on.

Valid legal matters will arise throughout the lifecycle of your business
and you will need legal expertise for navigating through these murky waters, from its inception (e.g. raising capital, hiring employees) into the final stages (e.g. eventual exit in the form of an acquisition).

Yes, money is tight and paying legal fees sucks but good startup lawyers understand your company’s culture and offer affordable prices so you can focus on growing the business. Being a startup (even if you’re funded) doesn’t mean you should be paying the same amount in legal fees as more established businesses. While hourly rates is the most prevalent way lawyers bill, you should explore alternative fee arrangements such as fixed, contingent, capped, hybrid or more.

If you’re looking for affordable prices on incorporations from experienced startup lawyers, then you might want to check out LawTrades.

We decided to show startups how much you actually have to pay before you talk to lawyer 🙂

Hope you find this answer helpful.

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