The following answers are provided by Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.
1. Legal Measures
Too often, entrepreneurs wait too long to seek legal advice. I always advise entrepreneurs to seek legal advice very early in theacquisition process for two reasons: lawyers can help you frame very preliminary conversations in the most favorable light; and especially in the startup world, your lawyer might be repeat players with buyers or banks and can shed light on their approach/style. – Basha Rubin, Priori Legal
