Tài liệu Make Millions and Make Change 5 docx

Make Millions and Make Change!

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Get Incorporated and Situated

By now, you are on your way with a business plan in hand and

newfound free time to start your company. The next step is to hire a

lawyer and other professionals because in order to operate properly

there is a tremendous volume of documents to be processed properly

and on time. This unavoidable bureaucracy could easily paralyze any

business.

It is critical to have a great lawyer who will expedite your paperwork

and bail you out of some of the complexities in business. At first, you

may find that hiring outside counsel hourly is too expensive for your

small business. In this case, you should try to have a multidiscipline

lawyer, a generalist with a business edge, directly on your team. This

person can perform many management and legal functions and serve

as “General Counsel,” if she is qualified.

In our experience, we have found that over a long period, early

employees’ stock in a successful company will become worth much

more than their hourly wages. With this in mind, the lawyer on your

team could get paid predominantly with incentive pay like stock

options and therein agree to accept lower nominal wages, which would

help finance the company by not draining the bank account in the early

years. You could apply this same incentive-heavy recruitment strategy

when hiring an accountant or other professionals that you may require.

Furthermore, you can attempt to help defray other ordinary cash

expenses for any vendor or partner by offering any of a wide variety of

incentives that directly correlate with your own success. Having an

aggressive lawyer and other professionals aligned with your financial

best interests cannot hurt you, unless you overpay. You should