Business contracts play a key role for entrepreneurs. However, if they are not prepared properly, you could find yourself in a situation where someone can break a contract and leave you with no legal recourse. Here are the steps to take to ensure this doesn’t happen to you. Drafting the contract – This is the […]
Forming a new business can be a daunting task, especially if you want to create an LLC instead of a sole proprietorship. While there are plenty of benefits, you need to watch out for some potential pitfalls if you want to attain those advantages. Here are a few mistakes to avoid: Thinking it’s too difficult […]
There are many benefits that can be derived from incorporating a small business. For one thing, you get protection for your personal assets by separating them from your business. You also get a number of tax benefits, including deductions that can only be taken by corporations. But these benefits only continue as long as you […]
Acquiring a trademark can set your small business apart and ensure that you have the opportunity to carve out your own little niche. For startups and sole proprietorships, this can be the difference between success and failure. Here are a few dos and don’ts when it comes to applying for a trademark. Do apply for […]
Intellectual property (IP) can be the success of a small business, so you need to protect it. Here are the 6 steps to acquiring and keeping a patent on your IP. See if it qualifies – Not everything can be patented. The same is true with trademarks and copyrights. A perfect example of this is […]
Since half of all marriages in the US end in divorce, should it really be a surprise that business partnerships often do not work out? There are so many things that can come between business partners, for example: One partner may feel that he or she is carrying all of the weight of business operations […]
If you have an idea for a small business, you may wonder whether it is worth it to form an LLC or if you should just make it a sole proprietorship. First, let’s address what an LLC is. It stands for Limited Liability Company. It is a legal structure that allows you to be a […]
The DMCA (Digital Millennium Copyright Act) was put in place to protect intellectual property (IP) that is published on the Internet (basically anything that is uploaded from text to pictures to videos). So why do you need to protect your online web content if the DMCA is already in place? Here are a couple of […]
Incorporating can have some great benefits for a small business owner. However, it is important to understand the different types of corporate formations and whether or not they will meet your personal business needs. Here are some things you should know about an S corp. What Is an S Corporation? Organizing your business as an […]
Whether you call it a confidentiality agreement or an NDA, you want this business contract to be a regular part of your dealings with any employees, contractors, or private consultants your company uses. Why is it so important? Defines confidential information – You may feel that anything you tell your employees via email is confidential, […]
