CHAPTER 8protecting your business, your ideas, and yourself

WHEN YOU START a business, hiring pricey professionals probably won’t be high on your list of ways to spend money. You may think to yourself that lawyers and CPAs mean big bucks, and you don’t have money to burn. But the case for hiring a professional accountant is fairly easy to make: You’ll need someone to help you set up your books professionally and to make sure you don’t get in trouble with the Internal Revenue Service (IRS). (More about tax issues later in the chapter.)

The case for hiring an attorney isn’t as obvious, so a lot of small businesses just start off without any professional legal advice. Perhaps they just aren’t knowledgeable about the legal complexities involved with ...

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