When should a startup hire a lawyer?

This post is a part of a series based on my Law for Startups workshop at MaGIC in September 2015. It’s a basic introduction to legalities for startup founders. You can access the slides here.

Read the earlier posts for context:

  1. Law for startups in Malaysia — building on the best foundations.
  2. The legal landscape in Malaysia for startups — a hybrid of traditional corporate practices and Silicon Valley models.
  3. Choosing the right business vehicle for your startup or small business in Malaysia.

As with any business venture, startups need to get good professional advice from experts. Typically these advisors will cover legal, financial, and tax advice.

Time to lawyer up!
Time to lawyer up!

Lawyers have a bad reputation

Most people would prefer if they could avoid dealing with lawyers. When there’s a negotiation or discussion and people say get the lawyers involved, suddenly everyone gets a bit more serious and defensive.

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Law for startups in Malaysia — building on the best foundations

The Malaysian startup scene has noticeably increased in vibrancy in the past couple of years. Many of us have friends or relatives who are somehow involved in the startup scene — either as founders or investors.

An increasing number of people — young and not-so-young, and some lawyers too — are moving away from traditional career paths and joining the startup ecosystem.

Other than my involvement with startups and investors via my corporate law practice, I’ve recently been working together with the Malaysian Global Innovation and Creativity Centre (“MaGIC”).

My “Law For Startups” workshop at MA2015.

MaGIC is funded by the Malaysian government, and you can read their mandate here. They are an exciting and ambitious group of people, and they aim to make Malaysia the startup capital of Asia.

I’ve been fortunate enough to have been part of a couple of MaGIC initiatives so far this year:

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