Startups need answers to their legal questions, but every startup is different. With so much unreliable information available on the internet, you need legal advice tailored to our startup’s needs. But what questions should you ask a startup lawyer? Here’s three questions to consider:
Legal risks come in all shapes and sizes and there’s no one-size-fits-all approach to startup legal protection. An online cookie delivery company will have different legal risks than a social media agency for creators. While there are best practices for every startup, such as forming a company and having basic legal contracts, your startup’s legal needs will depend on your unique situation. An experienced startup law firm will be able to understand your legal risks and explain what legal protections you need at the outset.
Startups typically have a small budget for legal fees in the beginning. While a new company would benefit from soup-to-nuts legal protection, founders need to be smart about where they invest their budget. Each startup needs legal protections such as company formation, brand protection, and basic contracts. These may cost as little as a few hundred dollars for a simple LLC or a few thousand dollars to complete all the basic startup legal services. You should ask your startup attorney how much your startup should spend on legal fees now and what can wait for the future.
Lawyers come in all shapes and sizes and with many kinds of legal experience. Some lawyers specialize in criminal or family law. Others take every case or client that walks through the door. Each of these types of lawyers serve a specific purpose and are the right fit for certain clients. But you need a startup lawyer with experience serving startups. If a lawyer doesn’t regularly serve startups or is not a startup themselves, they will not understand your legal needs and how to work with a startup’s legal budget. Ask a lawyer about their experience working with other startups to give yourself a level of comfort that they know and understand your business model.
If you would benefit from a free consultation with a startup law firm, The Social Media Law Firm can help. We not only serve startups, but we are a startup ourselves. We can guide you on the legal services your startup needs while working within a reasonable budget. Contact us today.
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