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in my experience, regardless of your application to YC it is a good idea to get things documented. not because you mistrust your cofounder, or anything of that sort. simply it puts everyones mind at ease for what they get out of it. not having documentation lingers in the back of your mind.

just my 2 cents.

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Totally agree about getting everyone on the same page and putting things on paper. The main reason I asked, however, is cost. Some lawyers have squishy/unpredictable pricing when it comes to formation and advice, while the fixed "good" ones are not cheap (e.g. ~$5K). Others try to wave their hands around pricing and just use a "pay it later" approach, but we'd rather keep things simple. I was just wondering if it's safer to get YC help/guidance to make sure we don't get burned, in case we get in since the timing between now and the deadline is almost a rounding error.

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