In the very early days, many startup founders get legal help from a relative or college friend that also happens to be an attorney. But if they aren’t a corporate attorney, it’s totally possible they made some simple mistakes or left out some important things. Sooner or later (sooner is better), startups should form a relationship with an experienced corporate attorney so that important aspects of the business are protected and a future acquisition exit doesn’t go bust due to early mistakes and omissions. This article describes several best practices for selecting the right attorney for your startup.
I realize the word “corporate” in the context of describing an attorney might not sound like something a startup needs, but that’s because the word doesn’t mean large corporation but rather matters related to incorporation, capitalization, fundraising, equity/securities, corporate governance, and more – the disciplines of corporate law.
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