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When you're focused on bringing your new idea to market and securing venture capital, hiring a lawyer might be the furthest thing from your mind. After all, you're new product (probably) isn't illegal, so what do you need legal counsel for?
But between city, state, and federal regulatory agencies and a slew of legal documents your startup is going to need, it's probably a good idea to invest some time and money on legal advice. But how much? And should it be in-house?
A Startup in Need
How do you know which tasks you can take on by yourself and which will need experienced legal attention? We can help with that. While writing your business plan and filling out a few boilerplate incorporation documents might be well within your non-expert purview, here are some issues you'll want a good attorney for:
A Lawyer Indeed
Even if you've determined your startup needs some legal advice, that counsel can take a lot of forms. You might just need to bring in an employment expert if you're facing a discrimination suit. Or you might want to hire a good incorporation attorney while getting your startup off the ground. Once you're up and running, you may find it helpful to have outside counsel, preferably a well-rounded firm, on retainer to handle the myriad issues that could pop up. And, of course, if business is really booming it might be more efficient to have a small in-house contingent of lawyers.
The exact type of legal counsel your startup may need will depend on a variety of factors. Get in touch with an experienced commercial attorney to assess your startups legal needs.
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