[FlyingAvatar]

Bootstrapping with co-founders? I've had lawyers straight up tell me it's probably not worth hiring them to setup the LLC / operating agreement. Just DIY.

Getting outside investment, signing a high value contract, receiving threats of legal action? I would consult one immediately.

I am not a lawyer; this is not legal advice.

[andreygrehov]

> I am not a lawyer; this is not legal advice.

Why do people say that? Does that imply all other comments without the “not a legal advice” note, are legal?

[FlyingAvatar]

It's a cover your ass statement. In most jurisdictions, giving legal advice without a license to practice law is illegal.

i.e. This is my opinion, take it as you will. If you want proper legal advice, you should be consulting a lawyer.

[giantg2]

I think it's a fear tactic of the legal cabal. I've had a judge tell me that I can't help my wife fill out a legal document because that could constitute "practicing law" or "providing legal opinion". It's super ridiculous, but that's how they operate.