Ask HN: Early Stage Startup Accounting?
1) In a two partner project, where both partners are contributing different amounts of time and money, do you agree that it's important to get an accountant involved early on? Assume the agreement between the two partners is clear, and fleshes out expectations very clearly including exit scenarios. Also assume an educated, but not professional, degree of understanding of finance and tax law. I imagine there are a lot of legal and tax implications that should be considered by a professional early on to help define a fiscal strategy for the company.
2) How do you manage accountants, lawyers, and other professionals in the very early stages of your company, when every penny spent is crucial?
3) How do you find and evaluate a good startup accountant? Can you refer one in the Boston area? If you can disclose your relationship to them, that helps the referral a lot obviously.