When running a business, you can’t be expected to know everything. That’s why it can pay to use advisors. There are lots of circumstances when an expert can come in handy. Sometimes, you might want a lawyer to look through your business plan and make sure that everything is set up properly. Or you might need help solving a technical engineering issue. Unlike regular employees, these advisors are only needed for a limited period.
But before you hire any advisor, you must have the right legal framework. This is where a YCombinator advisor agreement comes in. Let’s take a closer look at what these documents are and how they can help protect your business.