In this video, Silicon Valley lawyer Louis Lehot, partner at Foley & Lardner LLP, shares that most startups have three critical issues to solve at formation: legal structure, fundraising and then financial and accounting function. Most startup founders will be well served to hire a strong external accountant to provide fractional financial and accounting services. Louis shares his advice on how to engage the right accountant based on your stage of growth can safeguard your downside and help you extend your runway.