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If you need things like founder vesting and other terms that require a lawyer, how much should incorporation cost?

• This is a follow-up question to .

• Answer:

  So business formations can range all over the place, especially when you need to get some other things set up like contracting agreement and terms of services. As stated here, law firms will charge somewhere in the realm of $5000. At https://www.upcounsel.com?utm_source=quora&utm_campaign=iyntlfvaottralhmsic we have seen the following ranges for some of the items that might be included in your inquiry. These include startup and SMB business formatons so prices vary based on complexities. Prices include filings fees (trademarks for example filings fees are ~ $350). Formation (Shareholder Agreements, IP Assign, etc): $600 - $ 1400 Terms of Services: $ 300 - $750 Draft Employment/Consulting Agreements: $ 99 - $350 Trademarks: $450 - $550 Here are some things to give you a high level view. Would recommend getting an attorney to assist you if you go down the DIY route. 1. Form Company Properly Basics: If you want to raise institutional capital then form a DE corp. If not, then form a Corp or LLC in your home state. Either way make sure you 1) file appropriate state docs and 2) create appropriate internal docs. If you form a corporation, the core document is your stock purchase agreement. If you form an LLC, the core document is the operating agreement. In both circumstances, properly assign IP to the company. https://www.upcounsel.com/stockholder-approval-for-equity-incentive-plan?utm_source=quora&utm_campaign=iyntlfvaottralhmsic https://www.upcounsel.com/multi-member-llc-operating-agreement?utm_source=quora&utm_campaign=iyntlfvaottralhmsic (CA Multi-Member) https://www.upcounsel.com/intellectual-property-assignment-agreement?utm_source=quora&utm_campaign=iyntlfvaottralhmsic Confidentiality and Invention Assignment Agreement 2. Properly Drafted TOS And Privacy Policy Basics: The easy thing to do here is rip another "like-company" TOS and PP and modify it. Not advisable. At a minimum, get an attorney who is well versed in these materials to just look over what you have done. If you do not know any then reach out to me and we will find you one. 3. Proper Contractor Agreements And Compliance Basics: Do not treat employees as contractors. A person is a true contractor if they work for themselves, uses their own equipment, and has other clients (among other things). They are a real contractor the make sure they sign up to the proper agreements that have IP assignment. There is also certain states that require you to register using any contractors. The IRS requires complete 1099s for work over $600. https://www.upcounsel.com/independent-contractor-agreement?utm_source=quora&utm_campaign=iyntlfvaottralhmsic 4. Sign Up Advisors Appropriately Basics: Advisors for all intents and purposes are like independent contractors from a legal relationship perspective. Even though they are "friendly" with the company, they should still sign up to the proper agreements that assign IP and have confidentiality. https://www.upcounsel.com/advisory-agreement?utm_source=quora&utm_campaign=iyntlfvaottralhmsic 5. Proper Employee Agreements And Compliance Basics: Employees are awesome! But also a huge pain from a regulatory and compliance perspective. A whole answer could be written about employees. Make sure you agreements establish an at-will employment status and assign IP. https://www.upcounsel.com/employee-offer-letter?utm_source=quora&utm_campaign=iyntlfvaottralhmsic https://www.upcounsel.com/confidentiality-and-invention-assignment-agreement?utm_source=quora&utm_campaign=iyntlfvaottralhmsic