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Author: shess Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79743  
Subject: Re: 401(k) funding by corporation Date: 10/2/1998 1:04 PM
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cameron wrote:
<<I strongly recommend that you hire an attorney if you are starting a new corporation and entering some kind of business contract. You may think it's a pain to pay the fees, but you want to make sure that you protect yourself from liabilities that might arise from the business.>>

Beyond that, for a businessperson having a relationship with a lawyer and a CPA is useful for the same reasons that having a relationship with a physician is useful for health concerns. You don't want to have to vet a lawyer at the point you _need_ a lawyer. By looking now, in a low-pressure situation, you're in a good position to put in some time to pick a lawyer or law firm you're comfortable with, and to see how they handle you.

Just get your ducks in a row beforehand. Adding a five-minute question to a half-hour consultation is going to be a lot cheaper both in time and money than having to schedule a second consultation.

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