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Your business' trade secrets are what set you apart. They are what give you an edge over the competition and make the products or services you provide unique in the industry. If they were revealed to your competitors, your ability to stay in business could be in...
When you and your partners founded your business, you all had the same goals for the company and agreed on how to make them happen. At least, this is the ideal. Maybe misunderstandings and disagreements have existed from Day One, or have arisen more recently. Either...
Intellectual property (IP) is a valuable asset for any business. It includes trademarks, patents and trade secrets. When a company goes out of business, questions can arise about who owns its intellectual property. The answer is, "It depends." Several scenarios can...
Incorporating a business means establishing it as a separate legal entity from its owners. Many entrepreneurs and small business owners consider incorporating their business – and, then, don’t. Usually, owners hesitate because they are worried about the cost of...
Owning a patent is an incredibly valuable resource. However, owning the rights to a patent isn’t a guarantee that you will make money. Fortunately, there are a few ways that you can generate a profit from your idea. After months or years of tinkering and...
If you’re in the process of setting up a new business, it can feel like there’s endless paperwork requiring your attention, especially when you want to do everything right and make sure you’re doing everything by the book. If you have chosen to file an LLC, you need...
Securing a patent protects an inventor or a business invested in a product from unfair competition. After prosecuting a patent, the creator or the company that purchased the concept will have the sole right to its use and control over who else can use the idea. New...
If you’re starting to turn your dream of running your own business into reality, you have likely heard about how important it is to choose the right legal structure for your new company. There are four primary legal company structures that you can choose from: Sole...
Whether you’re a hobbyist, a budding entrepreneur or you work for an innovative company, it is important to understand how to secure an edge in the patent protection process when one is lawfully available to you. One of the most under-appreciated opportunities...
If you are starting to take steps to launch a new company, congratulations! Whether your operation will be a single-owner business that caters exclusively to local clientele or a multi-national corporation with a global customer base, the hard work you’re putting in...