Starting a company is a big deal. It often requires entrepreneurs to quit more stable, sensible jobs, and invest vast amounts of their time and energy (not to mention money) into a new project. All this for a venture that may or may not pan out. But for most entrepreneurs, this is what’s great about business in America. You can follow your dream, be your own boss, and if you’re really really lucky, turn into the next Mark Zuckerberg.
For the lawyers who work with entrepreneurs, drafting the documents that get startup companies off the ground is a bit of an oxymoron. The documents themselves tend to be simple and straightforward. But there are many of them – often a dozen or more – and the pieces of these documents interrelate in a way that invites mistakes. Couple that with the fact that entrepreneurs need to focus the resources they have (i.e. the founders’ time and money) on building a business, not spending thousands of dollars on legal fees.
As we’ve talked about on this blog, lawyers often don’t make a lot of money getting startup companies formed, so it’s important that these lawyers find ways to make this work easier and more profitable. Here’s where Brightleaf solves both the entrepreneur’s and the lawyer’s problems. Drafting becomes faster (because there are fewer hours billed) and smarter (because the templates for drafting documents prevent errors). This means more value to the entrepreneur, and better work coming from the lawyer. So the entrepreneur can focus on building his or her business, and the lawyer can focus on building a great relationship with the entrepreneur. See? Everybody wins!