First question: Why is a legal system so critical to a new business?

Second question: Do you think legal protections are more or less important to a new business than to an established business?

Third question: What are the impacts on a business that chooses to form as a sole proprietorship?

Fourth question:What are the impacts on a business that chooses to form as a partnership?Fifth question:What are the impacts on a business that chooses to form as an S corporation?Sixth question: What are the impacts on a business that chooses to form as a C corporation?

Seventh question:What are the impacts on a business that chooses to form as an LLC?

Eighth question:What are the major differences between a board of directors and a board of advisors?

Please answer thoroughly.