Forming a business that will require lots of legal work up front, licensing, contracts, etc.. If I offer lawy

Question by startnup: Forming a business that will require lots of legal work up front, licensing, contracts, etc.. If I offer lawy
WaForming a business that will require lots of legal work up front, licensing, contracts, etc.. If I offer lawyer part of the company. What is fair %? Wanting to partner with manufacture for licsened products and need to patent, trademark, license and do “work for hire” contracts for the products. Lawyer has offered to do services for a part of the company.
Forming a business that will require lots of legal work up front, licensing, contracts, etc.. If I offer lawyer part of the company. What is fair %? Wanting to partner with manufacture for licensed products and need to patent, trademark, license and do “work for hire” contracts for the products. Lawyer has offered to do services for a part of the company.

Best answer:

Answer by working woman
DO NOT give up part of your company to an attorney! Find a good business adviser that can do it all for you. I work with an ex-IRS agent as my business adviser/CPA. He got my S Corp papers filed in 5 days, and does everything for me at a portion of the cost of an attorney. Ask around – don’t go with the first person that wants a part of your business that you will work so hard to start!

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