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