Startup Myth Busting 💥: "You Need Complex Legal Docs on Day 1!" Hear this often! While solid legal foundations are vital, you likely don't need that 50-page Shareholders' Agreement or intricate ESOP plan when it's just you, a co-founder, and an early idea. Reality Check: Focus FIRST on essentials: ✅ Clear Co-Founder Agreement (MUST HAVE: roles, equity, vesting!) ✅ Basic IP Assignment (protecting your idea if needed) ✅ Simple NDAs (for sensitive external talks) ✅ Website Terms/Privacy Policy (once you're public-facing) Start lean. Layer complexity as you genuinely need it (like during funding rounds). Over-engineering legal docs too early burns precious time and cash. Keep it simple, keep it solid!
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