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A comment on How necessary is it to have a lawyer incorporate you?.

Re:How necessary is it to have a lawyer incorporate you? by Mistone on Thursday June 14, 2007 @04:37PM (#28196)
i think if yc startups are being set up by lawyers vs. incorp service than you might consider going that route. There are a ton of variables involved for each situation, but if your going for the angel to VC path, paying for a lawyer with experience in web/tech startup financing is a good idea.

Many top law firms will defer the fees, and it looks good to an investor when you have decent lawyer backing you up.

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Re:How necessary is it to have a lawyer incorporate you? by ashu on Thursday June 14, 2007 @07:59PM (#28232)
Thinking that getting a good lawyer will get you investment is fallacy. The only thing that gets you an investor is showing traction and having a business model (at some point in the future, at least.)

That said, having a good lawyer is important just for legal reasons and because the lawyer can foresee complex situations (founders splitting up and so on) that you wouldn't.

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Re:How necessary is it to have a lawyer incorporate you? by Mistone on Thursday June 14, 2007 @11:30PM (#28259)
your right, my comment was not intended as having a good lawyer gets you an investor. simply shows your going about things in a professional manner and not likely to have some dodgy legal snaffu derail you at the last minute.

Some advice about what not to do is a good way to put it.

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