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