How to diplomatically ask for free professional services? (temporarily!)

[The Stealthy One]

Seems I'm in the process of acquiring a b&m business - never saw this one coming! Anyway, I'm short on $$$ at the moment due to a variety of things. Nothing dire, but without performing a few magic tricks I don't have the $1,000 or so needed for an attorney to draft and review the letter of intent, sales contract, and perform the closing. (I have it in other companies, but not the acquisition shell.)

Is it appropriate to approach legal counsel for free help now, with the promise of paying it back after the close using the proceeds of the business I'm purchasing?

Or, should I just deal with it, do what it takes to pull the money out of my ass, and pay now?

Keep in mind, this legal counsel would be kept in place after the purchase of the business as well.

[paul2145r]

What's the worst that can happen- they say no? I would ask about available options, and possibly offer a retainer following the closing, etc.

[cg410]

Don't feel bad about giving it a try... I get asked at least once a week for professional services on a "profit share" basis. It's common now when most people don't have cash, and you may find someone who jumps (though will probably get a lot of "no" first). Also, I've negotiated attorneys on craigslist down to $35 per hour... in New York! It may be doable for less than you think if you go to a struggling independent.