5. What are the most significant legal issues entrepreneurs face?
When looking into the Legal Issues section, the most significant issue I found was:
C-Corps give up control to the board of directors & more complex to start.
LLC pays more taxes than S-Corp
Non-Profit cannot distribute dividends.
S-Corp must be able to generate enough revenue to pay taxes.
A sole proprietorship has difficulty raising debt capital and unlimited liability.
Sole proprietorship pays the most in taxes.
In a partnership, each partner is liable for other partners’ actions and dissolves if a partner
leaves or falls out.
