ABSTRACT
Involve your attorney in certain key business startup activities .......................................... 98 Startup attorneys often have a deferral arrangement for early-stage clients .................... 103 Certain matters require timely fi lings and may require legal assistance ........................... 105 Know how to keep legal bills in line with expectations ....................................................... 106 Avoiding Series A sticker shock ............................................................................................... 109 Sample term sheet for preparation of founders and formation documents ...................... 114
When many people think of attorneys, they oftentimes think of the trial attorneys popularized in television shows, movies, and fi ction (thanks John Grisham!). However,
experienced entrepreneurs know that attorneys also play a crucial role in business. Legal counsel provides crucial input and advice at nearly every stage of your company’s growth, from the initial formation of your company, to negotiating a lease for offi ce space and hiring employees, to selling or licensing your product or services, to taking on fi nancing or listing on a publicly traded market.
