By On Dec 31, 2018 Form Template
Startups in Silicon Valley raising their first round of funding can spend upwards of $80,000 on legal fees, according to VentureBeat. Neither the entrepreneur nor the investor wants to see that kind of dough diverted from product development and marketing to lawyers. Enter iDisclose, co-founded by Georgia Quinn. “It takes a TurboTax-like approach, enabling entrepreneurs to do 80% of the work using an online tool that walks you through every step of writing legal agreements with investors,” Quinn says. You still, however, need a lawyer to review the document.
So which is the right choice for you? If you’re like most entrepreneurs starting out, you don’t have capital to burn, so the choice might already be made for you. However, if you’re on the fence, here are some pros and cons to implementing customizable legal documents and templates that should help you make a decision.
Described below are a number of online resources where you might be able to find legal forms. Keep in mind, though, that not every form can be found online. If you cannot find a form suitable to your needs on the Internet, you may have to create a form using a sample, an outline, or instructions from a variety of resources. Your local law library will be a terrific resource and the place to start your research.
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