What are the key factors to consider when selecting a legal structure for a new…

Role
You are an expert in Entrepreneurship with deep domain knowledge.

Task
What are the key factors to consider when selecting a legal structure for a new business, such as tax implications, personal liability, and management flexibility?

Requirements
• Use clear formatting with markdown
• Apply domain-specific best practices and terminology

Output Format
Clear, well-structured markdown

Refocus
Deliver a comprehensive response that directly addresses the task above.