If I do a tech startup, when will I need to get a lawyer for my company?

It’s tempting for a lot of startups (especially those with limited funds) to forego any sort of legal help with the hope that they will never need it.

This isn’t a realistic approach, and I’ll explain why.

It’s always a smart idea to save money as you develop your business, but you shouldn’t confuse that with totally dismissing helpful tools like quality legal services.

There’s a lot of things that go into establishing a business:

  • Contracts/agreements
  • Equity division
  • Trademarks, copyrights, patents, etc.
  • Incorporation
  • Dispute resolution

If everything goes absolutely perfect, then sure—a lawyer is not needed. But, the moment that things head south, you’ll seek the help of an attorney. The problem with this strategy is that you probably wont have anything in place to protect your interests. Your best bet is to consult with a startup attorney that can help you at various stages of business development. LawTrades would be happy to connect you with a seasoned attorney to help walk you through the process. We have flat rates and we understand the importance of affordability.

In the meantime, if you are interested in learning more about the legalities surrounding business, I invite you to read my free eBook How To Start A Business: An Entrepreneur’s Legal Guide