Prevention Always Makes Cents, Part II

By Startup Issues

I wanted to follow-up with you concerning the importance of taking preventative legal steps when starting your business. Googling this weekend, I found a blog entry from Rhonda Abrams, author of The Passionate Entrepreneur on Yahoo! Finance. Here’s an excerpt:

“Taking care of your company’s legal health is like taking care of your personal health: An ounce of prevention is a lot more pleasant than a pound of cure. I often see entrepreneurs end up in legal battles costing thousands of dollars that could have been avoided with a $200 trip to an attorney.”

Reading the excerpt sparked two immediate thoughts:

1. She’s spot on, and
2. $200?! (Just kidding.)

Abrams finishes the article with some tips on how to select a lawyer and what types of issues you should discuss with your legal counsel. The point you, the entrepreneur, should take home is that seeking legal advice early can save you plenty down the road in terms of money and headache. The legal advice will likely cost you more than $200, but it will be worth every penny.


ACCELERATE YOUR STARTUP LAW KNOWLEDGE!

Startup Law doesn’t have to be a confusing maze. The practical knowledge in "Acceleration: What All Entrepreneurs Must Know About Startup Law" will help you make the smart decisions to protect your startup and its future. Available in ebook and hardcover.

Buy the Book on Amazon
startup-lawyer-acceleration-cover
You Might Also Like:  Why Good Communication with Your Partner is Essential from the Start