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I'm in the earliest stages of a creating a new tech startup. I have a business plan, a unique revenue model, and a developer already churning out code. What I don't have is any idea of how to structure the company legally or financially.

How do I find the right lawyer to help me understand the best way to structure my company and reward my developer? (I plan to eventually sell the company.)

Jesper mentioned in this question that I "need a high-flying lawyer with a excellent network in the field you're working in, and skills in all areas of law". That seems like a tall order. I'm located in Minneapolis; are there lawyers like that here? Do I need to work with a local lawyer? How do I go about finding and approaching that ideal attorney?

Any advice would be appreciated!

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3 Answers

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Best bet is a local lawyer, so you can have frequent face to face meetings.

Best way is to ask someone that is in business (not necessarily your own business) who they use and recommend. Then go talk to that lawyer.

Your really will need at least 2 lawyers, depending on your "tech." A basic business lawyer, that will guide you through the business setup (inc v. LLP v. LLC, etc) and can do your contracts for you. Most lawyers can do this, but I would seek one that specializes in business law.

Eventually you'll probably need a patent & trademark lawyer (or IP lawyer) that can do the technical paperwork you may need.

Again, referrals from someone you know and trust are the best way to go.

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I used this guy to write up some contracts for me a few months ago. Very very helpful:

http://teamunderhill.elance.com

Good luck!

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Someone mentioned LawBidding.com in several attorney related posts. I'd give it a try.

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