Legal Issues for New Ventures: Choice of Lawyer and Choice of Entity

Abstract

This note discusses the legal issues entrepreneurs must consider as they form their company as a legal entity. In Q&A format, the note concisely defines the types of entity available and discusses when and how to engage a lawyer. Excerpt UVA-ENT-0072 LEGAL ISSUES FOR NEW VENTURES: CHOICE OF LAWYER AND CHOICE OF ENTITY Introduction Moving a new business from the idea stage to that of legal entity is an exciting step in the entrepreneurial process. In this note, we explore some of the typical and essential questions an entrepreneur might ask during this phase of development. Questions . . .