My guess is that it also helped you gain a more concrete understanding of your rights and responsibilities and what's potentially at stake, making you far less likely to proceed with the business if you're not willing to accept those responsibilities.
Oh hell yes. Seeing the hurdles in front of me before I started had me seriously contemplating the value of it all. My faith in bitcoin as a means for virtual transactions is a substantial aspect that helped me go through with everything.
It pisses me off no end when people claim that they "can't afford a lawyer" when they start a business. It tells me that they don't care about understanding and meeting their legal obligations or protecting their own or their customers' interests - why the hell would I want to do business with someone like that?
Couldn't agree more.
It definitely takes money to make money.
If you're going to start up a business you need a good chunk of savings or an investor lined up that is willing to pay out some significant $$ so that you can get things rolling with an accountant and a lawyer.
This is true to an extent. I'm not wealthy by any means, nor did I have any outside investing to get me started (though that option is available to me). I did most of my work through LegalZoom for my business..for their "Business Advantage" I was a part of, they give you free access to a CPA and Business Attorney.
The expensive part on my end was talking with a Securities Lawyer here in Burlington. At $250 a hour, his advice didn't come cheap.