Would muchly appreciate if anyone can share their startup experience.. and also of any good (and well, relatively less expensive) law firms in the Triangle area for doing this stuff?
(laywer != cheap)
If you're a do-it-yourself kinda person, Nolo Press has legal 'guidebooks' that will walk you through most of the common business procedures (incorporation, bylaws, stock options, etc). It's a LOT cheaper than a laywer. They run about $30, IIRC. You can buy a handful of them and still be cheaper than your first hour with the laywer.
In my experience, even WITH a laywer, you really need to have a basic understanding of this stuff, so the guides are worth the money even if you eventually to hire a laywer. The laywers will, at best, do a marginal job of explaining it to you. At worst they will totally confuse you. In our case, after reading the books, we usually find it's quicker and easier to do it ourselves.
C
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