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I actually makes a lot of sense. You can use a J.D. For many non-legal purposes - and business is definitely the most prominent. I think it's a great idea. You will not only know how to form business up correctly, but you will be familiar with the rules and regulations to keep the company safe from liabilities on your own - as opposed to paying someone else to do it. However, as a law student myself, I would tell you to make sure the financial investment is worth it to you individually and truly in line with your goals. Good luck!