We always advise serious entrepreneurs, especially those with big ideas, to make sure an attorney is part of their team from the very start. Not only can they set the company up correctly, they can put standard agreements in place (e.g., stock option, non-disclosure, founder buy-sell, independent contractor, and more). Having such documents can help prevent a multitude of legal issues as the business grows.

Read this article at BusinessWeek to see potential problems for Facebook when a probably “bad” agreement comes back to haunt them when they are really worth something.

Saving money as a startup is usually ingrained in entrepreneurs and spending money on attorneys    Read More »»