Four Things That Need To Be Done In Advance: Saving Time By Legal Equity

2012-08-14   |   by CusiGO

When you start

Just as every engineer is different, not all lawyers are good. Even in a good law firm, every lawyer has a gap. Finding a good lawyer has a big impact on what you want to do in the future. For example, financing, trading and so on.

It’s not about breaking the law, it’s about taking legal risks in the early days that companies that have grown up don’t dare to do. A good example is youtube, which allows people to upload copyrighted video materials, while Google video does not. YouTube was later acquired by Google for more than $1 billion, and Google video was shut down. Many people in your team may have a high sense of law, especially with regard to copyright, but they are not lawyers or legal advisers.

If you want to give shares to others, give them small shares now, so there won’t be a high tax in the future. For example, the stock price of your company’s 0.5% equity is $2000 now, but it may be $2 million a few years later. So when the tax is not that high, give equity.

Save as much time as you can when you start a business. Some things are not worth wasting so much energy. It’s important to remember your time. For example, one of my friends spent two weeks on optimizing their team’s health insurance, and then realized that the two weeks’ work only solved hundreds of dollars for him. So we must treasure time and balance the problems of saving money and time.