By On Jan 10, 2019 Form Template
Every penny counts for startups and small businesses, but some companies try to save money by neglecting to draw up contracts or to seek legal advice. This is penny wise and pound foolish. In the long run, your attempt at savings can cost your company, both in the event of legal action down the road and in lost opportunities.
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.
The online legal document business is booming as consumers have figured out that they can get everything from a will to a lease to a divorce for a fraction of the cost of visiting a lawyer. But should they? On one hand, the services offer compelling value. Some experts, however, say using them could cost you money down the road, be ineffective in accomplishing your legal tasks, and even, in some cases, cause problems in court.
32 out of 100 based on 033 user ratings
15 Facebook Shares
8 Twitter tweet
19 Pinterest Pins
8 Google+ Shares
8 Thumblr Shares
3 Linkdkn Shares
© 2011 - 2019 Feverlinks.info. All rights reserved.