Setting up your Business
The selection of the legal form of your business should include the officers, the investors, your accountant, and your lawyer.
Officers and investors will determine the business needs. The accountant should recommend the corporate form that produces the greatest tax benefits. It is the lawyer's job to produce the documents that define the responsibilities of each participant and manages the evolution of the business.
Sticking to your Core
Businesses may fall victim to the idea that they can save money by not retaining a lawyer. No long-term benefit outweighs the risks and costs of trying to match the knowledge and experience of the experts you need. Rather than expend hundreds of hours learning the law, focus on your business. Learn what you can about available lawyers and then pick one who fits with your vision.
Providing a Real Solution
The purpose of your operating agreement, your charter, or similar documents is to make clear the obligations of everyone involved in your venture.
My goal is to reduce your need for legal services. The best way to accomplish this goal is to make certain, from the start, that the expectations among the participants are clearly defined. Certainly, there is always the possibility that other factors may create motivations that harm the business, but a strong legal document can reduce the chance that a conflict will arise.