The rule in selecting a legal entity is, “Form follows function” I should not choose a particular legal model or management structure and then try to shoehorn my members into a model that does not fit their interests or investment... more
The rule in selecting a legal entity is, “Form follows function” I should not choose a particular legal model or management structure and then try to shoehorn my members into a model that does not fit their interests or investment orientation. I will let my members’ interests and comfort levels guide my ultimate decisions. Four (4) Factors to Consider When Choosing a Legal Entity The four issues to consider when choosing a legal entity are liability, governance, taxation, and membership.
