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No.

Lawyers don't get equity for a tech startup. Period.

If, on the other hand, your startup is in a heavily litigious or heavily regulated field, you not only will want a lawyer involved from very early, you'll probably want a lawyer holding a stake in your company.

So...for example, an equities or futures trading company: the lawyer gets equity. Equities or futures social networking site: the lawyer gets paid a fee.

Or, medical mal-practice hedge fund (I dunno, I'm just making up a phrase from words that involves lots of litigation and huge smelly contracts): you need a lawyer on your board. Medical Mal the Practical Hedgehog video game: the lawyer gets paid a fee.

Got it? Good.

Incorporation costs a few hundred bucks (even if you get outside help), plus a few hundred bucks for statutory representation in Delaware.



Thanks Joe. Do you have a suggestion as to where I should start with incorporation? I have all of the necessary legal documents.


If you have the legal documents, which in this case means downloading them from the web, then just send them in. Each comes with mailing instructions. If you are incorporating in Delaware, you will need to get an agent to have a mailing address there as well.




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