How necessary is it to have a lawyer incorporate you?

Re:How necessary is it to have a lawyer incorporate you? by brianmckenzie on Thursday June 14, 2007 @03:30PM (#28178)

I know that many people say this, and pg often cites it as a major benefit of YC. That's why I'm wondering.

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Re:How necessary is it to have a lawyer incorporate you? by pg on Thursday June 14, 2007 @06:48PM (#28220)

Yipes. Decreasing legal expenses is about 1% of the value of YC. By far the most important thing we do is work with people on their ideas. Then teaching how to present to investors, then introductions, technical advice, advice about negotiating deals, help in disputes between founders, the value of the other YC founders, help in recruiting...

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Re:How necessary is it to have a lawyer incorporate you? by brianmckenzie on Thursday June 14, 2007 @08:11PM (#28236)

Thanks for disabusing me of that notion - I don't mean to spread misinformation or anything.

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Re:How necessary is it to have a lawyer incorporate you? by litepost on Sunday June 17, 2007 @08:36PM (#28763)

Ditto. I misspoke. ("contributing motivator" would be more accurate than "_the_ main reason.")

Having legal counsel in the know is certainly just one of many pieces, it all depends on which ones you need (most). (And that in turns depends on what precisely you're going after.)

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