Four Items Every Startup Should Consider When Engaging a Startup Lawyer

A few of the exciting, yet unfortunate, realities of every startup are that the company does not know if it will succeed, the startup is typically built on an innovative but unproven idea or product that needs to be cultivated and ultimately brought to market, which can take years, and the founders usually bootstrap operations until receiving outside funding. With that comes the desire to keep costs low, minimize expenses and operate lean until funding is imminent, which often results in a startup not engaging an attorney for months or even years. However, it is critical to ensure that you have everything in order from a legal perspective from the outset to avoid potentially costly and destructive issues that could have been avoided with proper legal guidance.

Here are four items to consider when engaging a startup lawyer.

• Understand the Relationship
• Do They Have True “Startup” Experience
• Do They Have Relevant Industry Experience
• Focus on the Person and Trust your Instincts

Read more.