My questions is about how much I need a business attorney and how much money I can potentially save when hiring (or not hiring) one. An acquaintance started a small business a couple of years ago---a "family center" offering classes and daycare. I told her I liked the model and mentioned that I would like to invest, but didn't go into specifics. (I've never invested in someones business.) On two occasions I was offered vending opportunities (drink machines, leotards), but declined. The business grew and prospered as I suspected it would. Then just recently the building was condemned and the business was in jeopardy of having to close for an undetermined period of time, losing some regular customers. Not having the capital to afford a move, she contacted me once again. This time I was offered a percentage of the profits and a "seat one the board" if I would pay for the move to a new, larger location (first month's rent plus security deposit). I jumped on the opportunity. Time being crucial, I made a personal loan with the understanding that a formal contract was to follow. Now the question: Can I go the cheap route, using a fill-in-the-blank standard contract, and perhaps not even use an attorney? I'd like to create some very specific options and benefits, but not if it's going to cost me a lot. Or perhaps, rather than paying by the hour for a professional to draw up a contract to my specifications, can I save money by editing a standard contract my self? (I think I can write in unambiguous legalese.) How much should I expect to pay an attorney to "look over" a contract that I create my self? I'm totally new to this kind of thing, so any information would be helpful.