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FREE
online courses on How To Start Your Own Dot Com Company - Ground Rules -
Rule 15. Lawyers and accountants are a necessary evil |
For most
companies, the most fragile period is the early years. Good law and accounting
firms helps companies stay out of trouble. So look for lawyers and accountants
who understand Internet startups, with their need to run through cash and take
risks. As a startup, you're in a sprint, and you don't want to get tripped and
tossed out of the race just when you're about to turn your idea loose.
In
the legal arena, intellectual property is often a chief concern. Never hire
programmers to write code without contracts. This is probably the biggest
mistake. Without a contract intellectual-property rights belong to the
creator. How much you pay -- $10 an hour, $75 an hour or $1 million for your
Web site is irrelevant.