Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Should I use a law firm to incorporate or corpnet.com?

Should I use an online site like that one?
Or a friend, with a discount?

For a pretty standard incorporation for a start up.

12 Replies

Stefan Gomez
1
0
Stefan Gomez Entrepreneur
Entrepreneur, Engineer & Product Builder
Clerky.com
Eric Levenson
0
0
Eric Levenson Entrepreneur
CEO and Founder at First Call
Clerky.com is pretty good and what YC companies use Sent from my iPhone
Linda Marshall-Smith
0
0
Linda Marshall-Smith Entrepreneur
Marketing Consultant, Ambassador, Silicon Beach at CoFoundersLab
There is also LegalZoom.com
Brandon Shapiro
0
0
Brandon Shapiro Entrepreneur
CEO & Founder at BridgeHaul
CooleyGo is hands down better than all those services like LegalZoom. Cooley is a top tier firm in Silicon Valley and they provide automated document preparation for free. CooleyGo.com

There are about 12 different documents you can create including bylaws, stock issuance, employee agreements, contractor agreements, etc. The actual act of incorporating is just filling out a form with your bylaws attached and paying a fee or at least that is what process is for Delaware.
Jeff Chang
0
0
Jeff Chang Entrepreneur • Advisor
Startup Guy, ER Radiologist & Hunting for AI
Clerky.com.

Later on, find a good startup-focused lawyer -- not too familiar with the startup legal landscape in Boston, though there are a couple Quora posts about that : )
Gopi Mattel
0
0
Gopi Mattel Advisor
Director, Chennai Area at The Founder Institute
Definitely some online service rather than lawyers for a basic incorporation. We have used vcorp.com.
Anthony Lewis
1
0
Anthony Lewis Entrepreneur • Advisor
Attorney, Startup Advisor, Explorer
I've also heard of people being satisfied withhttp://www.upcounsel.com. You can post jobs and attys will bid on the project (think eLance for lawyer projects). They have user reviews, etc. so you can vet them. They also have standard pricing for incorporating in DE ($700). Another benefit is that you may connect with an atty that you particularly like and can work with going forward. UpCounsel also has a money back guarantee. I've never personally used them, but my friend did and was impressed with the service.
David Schwartz
0
0
David Schwartz Entrepreneur • Advisor
Multi-Platform (Desktop+Mobile) Rapid Prototyping + Dev, Tool Dev
A LegalShield membership would allow you to fill out paperwork, then discuss your situation with them and have them review it and give you feedback to let you know if anything substantive is missing.

I've heard some horror stories about people who used standard forms and templates without having them reviewed before filing them, and assumed everything was fine until they ran head-first into a brick wall when they discovered they had been doing stuff that they assumed was allowed by their forming docs but wasn't.

Just say'n ... I believe it pays to have a lawyer review your docs before filing them, which is why it's good to pay a little more up front to work with a law firm that does this kind of thing regularly. Best case is, they'll look things over and give you a green light. But if your situation is even slightly non-standard, their insight can keep you from shooting yourself in the foot.
Peter Harvey
1
0
Peter Harvey Advisor
CEO Intelli-Global
do it on your own. no attorneys needed. It's so simple that if you use and incur the cost of an attorney you'll kick yourself later
Joe Milam
0
0
Joe Milam Advisor
CEO AngelSpan, Inc.
Don't overlook DLA Piper.

They have a program called NEST that will do a full startup package for about $2500, presuming everything is pretty standard.

More than Clerky, but you do get a live body for some initial counsel.

Having done it myself, I wish I knew about DLA's program.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?