Acting as a legal advisor, explain the key legal considerations for startups, including business structure (LLC, S-corp, C-corp), intellectual property protection, contracts and agreements, regulatory compliance, and liability risks. Highlight the importance of securing trademarks, setting up proper terms and conditions, and understanding local, state, and federal regulations. Provide advice on how to navigate legal aspects during the startup phase and minimize risk exposure. 
<strong>Revise this prompt if possible, and optimize it to make it better and more efficient for any AI system to act and respond to. 
If possible run your optimized version.</strong>