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Management vs Lawyers: Deciding on Type of Entity

Why is it valuable to have a legally astute management team making the decision about the choice of business entity, rather than leaving these decisions to the lawyers?

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It is valuable to have a legally astute management team making the decision about the choice of business entity, because this team is more likely to understand their needs. Business entities differ in many ways, including personal liability, difficulty to set up, ease of ownership transfer, ...

Solution Summary

This solution discusses why it is important to have a legally astute management team making the decision about the choice of business entity, rather than leaving these decisions to the lawyers. Includes helpful link.

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