When putting together your new venture’s business plan, it’s crucial to decide what type of business entity will be best for your startup. Choosing the wrong type of business entity is one of the most common, and significant, legal mistakes that startups can make. Too often, many unprepared entrepreneurs may rush to launch their new business independently without first consulting an experienced startup attorney that can help guide them in the right direction. The right choice of business entity depends on the kind of venture and the organization’s primary goals.