In Start-Up Firms, One Guideline Is for the Owner to Draw

question 114

True/False

In start-up firms, one guideline is for the owner to draw a salary 25-30 percent below the market rate for a similar position.

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Definitions:

Drafting the Complaint

The initial process of formally writing the allegations and claims made by a plaintiff initiating a lawsuit, setting forth the factual and legal basis for the lawsuit.

Preliminary Investigation

An initial inquiry or exploration of facts to determine whether there is sufficient evidence to pursue further investigation or legal action.

Initial Client Interview

The first meeting between a lawyer and a prospective client where the client's legal issues are discussed, and the lawyer assesses the case.

Paralegal

A person trained in legal matters who performs tasks requiring some knowledge of the law and legal procedures, working under the supervision of a lawyer.