I've spent six figures on legal fees easily, and I also use templates and off the shelf stuff all the time. Clerky is a good resource and is fine for most core stuff.
You just can't pay lawyers every time you do everything, it's a waste of resources for small simple businesses that may never go anywhere. And the other issues is EVEN IF YOU DO that doesn't guarantee anything, most lawyers are just using THEIR templates anyways and charging more. If you don't know what to ask for you and don't yet understand the business dynamics you really get almost no value add from having an actual lawyer.
I'm currently paying a law firm about $20k to rewrite a bunch of docs that I used templates for about 5 years ago. I consider that a success, the business now has millions in revenue and can afford it and it's fine. That's a pretty normal sequence of events in business.
I've spent six figures on legal fees easily, and I also use templates and off the shelf stuff all the time. Clerky is a good resource and is fine for most core stuff.
You just can't pay lawyers every time you do everything, it's a waste of resources for small simple businesses that may never go anywhere. And the other issues is EVEN IF YOU DO that doesn't guarantee anything, most lawyers are just using THEIR templates anyways and charging more. If you don't know what to ask for you and don't yet understand the business dynamics you really get almost no value add from having an actual lawyer.
I'm currently paying a law firm about $20k to rewrite a bunch of docs that I used templates for about 5 years ago. I consider that a success, the business now has millions in revenue and can afford it and it's fine. That's a pretty normal sequence of events in business.