Describe the role of legal requirements in starting a business.
Answers
Answer:
Such diligence and foresight would benefit both the company and the investors, simply by assuring potential investors that the startup they are investing is in safe hands, thereby gaining the trust of the investors.
This is a very broad question, but in essence, the legal requirements as set forth within your area-City, state- allow you the privilege of so conducting that business and deriving all the legal benefits that jurisdiction may offer. So if its a sole proprietorship named” Joes Smo “ that license and registration requirements permits you to legally conduct business in that community to a corporation structure like Joe Smo Inc, now that legal incorporation makes you avail yourself of the benefits of that structure offered by that state.
hope it helps you
please follow and mark as brainliest