The legal aspects for an entrepreneur starting a business are often not the very first thing that comes to mind for the entrepreneur, understandably. How potentially forming a legal entity for the business is viewed, and how to approach these issues when launching a business is important for long-term success.
Typically, the entrepreneur would have an idea for a business. Maybe it’s a single founder, or maybe it’s a group of several founders, and they’ve come up with an interesting idea for something that they think could get traction in the marketplace, whether it’s an app or a software service offering, or a physical product.
The legal aspects of the business or the product, or of the forming of the entity are usually not the first things that come to mind. But, I think that entrepreneurs do themselves a disservice by not being aware of the legal implications of what they are doing and how they do it from an early stage.