(3 Min Read)
๐๐ข๐ธ๐บ๐ฆ๐ณ๐ด ๐ข๐ณ๐ฆ ๐ฆ๐น๐ฑ๐ฆ๐ฏ๐ด๐ช๐ท๐ฆ! In the pre-revenue stage, an entrepreneur wants to manage cash properly. How can I get some preliminary advice to frame my thinking before I talk to a real attorney?
๐ค ๐ฅ๐ฒ๐บ๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐๐ต๐ฒ๐ป ๐๐ฒ ๐ฑ๐ถ๐ฑ ๐ป๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐๐๐ ๐?
In the past, we would turn to Google and try to cobble together advice from articles and forums. But that approach often lacked context and sequence.
โ๏ธ ๐ง๐ต๐ฒ ๐ฃ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ: ๐๐ฒ๐ด๐ฎ๐น ๐๐ผ๐บ๐ฝ๐น๐ฒ๐
๐ถ๐๐ ๐ถ๐ป ๐๐ฎ๐ฟ๐น๐-๐ฆ๐๐ฎ๐ด๐ฒ ๐ฆ๐๐ฎ๐ฟ๐๐๐ฝ๐
We all know that bouncing ideas off of another person is really useful for framing our thinking. My startup was at a point where we had multiple initiatives that needed applications or actions of different sorts. But the nature of the activities were a combination of legal and administrative tasks with sequencing challenges. These included:
โข LLC vs Corporation
โข Taxation as an S-Corp
โข California or Delaware
โข Acquiring URLs
โข Registering Trademark Applications: In Use or Intent to Use
โข Opening a bank account
โข Purchasing business insurance
๐ฃ๏ธ ๐๐ป๐๐ฒ๐ฟ ๐๐ต๐ฎ๐๐๐ฃ๐ง ๐๐ฑ๐๐ฎ๐ป๐ฐ๐ฒ๐ฑ ๐ฉ๐ผ๐ถ๐ฐ๐ฒ
In a previous ๐๐ ๐ ๐ฎ๐ฑ๐ฒ ๐๐ญ, I discussed the first weekend where I began to use Advanced Voice mode in ChatGPT. For this challenge here, I started a new voice chat and laid out all the activities in play. The mere activity of thinking out loud is so useful. But we do not always have a qualified human, free-of-charge, and with available time to help. Itโs a startling experience to do this with AI.
One Wild Weekend Talking to AI
โ
๐ง๐ต๐ฒ ๐ข๐๐๐ฝ๐๐: ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ๐ฑ ๐ง๐ต๐ถ๐ป๐ธ๐ถ๐ป๐ด, ๐ก๐ผ๐ ๐๐ฒ๐ด๐ฎ๐น ๐๐ฑ๐๐ถ๐ฐ๐ฒ
Like many AI outputs, but especially ones with legal challenges, I donโt blindly accept the output. After thirty minutes of voice discussion, ChatGPT generated a Sequenced List with Summary Descriptions that I could share with my partner. The sequencing does not carry legal risk, but this preliminary step saved legal dollars and generated an agenda for discussion and action.
๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐: ๐จ๐๐ฒ ๐๐๐ ๐ ๐๐ผ ๐ฃ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฒ, ๐ก๐ผ๐ ๐๐ฒ๐ฐ๐ถ๐ฑ๐ฒ
LLMs should not be used to make final legal decisions but using them to frame legal consideration is extremely helpful and virtually free. If you have ChatGPT Plus, Advanced Voice mode is a terrific feature that enables thinking out loud.
๐ง๐ฟ๐ ๐ถ๐ ๐ป๐ฒ๐
๐ ๐๐ถ๐บ๐ฒ ๐๐ผ๐'๐ฟ๐ฒ ๐ณ๐ฎ๐ฐ๐ถ๐ป๐ด ๐ฎ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐โ๐ผ๐ฟ ๐น๐ฒ๐ด๐ฎ๐นโ๐ฐ๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ ๐ฎ๐ป๐ฑ ๐ป๐ฒ๐ฒ๐ฑ ๐๐ผ ๐๐ต๐ถ๐ป๐ธ ๐ถ๐ ๐๐ต๐ฟ๐ผ๐๐ด๐ต.