A consensus in the literature supports the premise that legitimacy attainment facilitates favorable judgments from key stakeholders regarding the acceptability, appropriateness and worthiness of entrepreneurs and their efforts in emerging ventures. However, although legitimacy attainment is a milestone that emerging ventures strive to reach, as researchers we do not yet have a measure that examines whether a firm is operating pre- versus post-legitimacy. Accordingly, we develop the legitimacy threshold scale (LTS) that will facilitate the assessment of activities performed pre- and post-legitimacy in emerging ventures
