If you have ever watched the popular ABC television program Shark Tank, you have probably heard one of the “Sharks” ask whether or not a contestant’s business idea or product has been patented. This is an important question because a patent can help protect ideas and products from other people who may be inclined to… Continue Reading
How To Effectively Terminate An Employee
Layoffs are an unavoidable aspect of any business and to be quite honest it sucks having to terminate anyone. Nonetheless, most, if not all, successful business owners at some point have to terminate an employee and some have even had to let go of entire departments or offices. When you reach the conclusion that you… Continue Reading
Tips for Selecting a Business Bank Account
When you start a small business, one decision you need to make early on is selecting a business bank account. Business accounts often provide benefits and incentives that can help with a small business’s day-to-day operations. Different Accounts for Different Types of Businesses There are many business bank accounts that differ based on the… Continue Reading
Understanding Invention Assignment Agreements
If you are the founder of a small business in the tech industry, an important legal document you need to have in order is an invention assignment agreement. This agreement is essential to ensure your company actually has ownership over its intellectual property. Your IP may include software code, hardware design, visual materials, audio files,… Continue Reading
Small Business Funding Through Convertible Notes
One way to invest or fund startups is through a convertible note. This is a loan that converts into equity, so it is effectively a hybrid of debt financing and equity distribution. Convertible notes are quite popular in the startup world since they help ameliorate the challenge of startup valuation until a later point… Continue Reading
Using Confidentiality Agreements to Protect Your Business
All businesses have sensitive information about business operations that they keep away from the public, and most especially their competitors. This is information such as trade secrets, patents, or anything that earns the business profits. It could also be information that could leave the business legally vulnerable to lawsuits if disclosed to the public.… Continue Reading
How To Register A Trademark
As most business owners know, your TRADEMARK will be one of, if not the most important and valuable business asset that your business will own. It is part of your commercial brand identity and ultimately part of the financial valuation of your company. So if you have a have a snazzy business logo, brand… Continue Reading
Do My Contracts Always Need To Be In Writing?
So you have decided to start a business or already have a thriving business and if you are like a large number of new business owners you rely on verbal promises that eventually get broken. The truth is that most people get carried away when presented with a new idea or a new business venture… Continue Reading
Should I Form an LLC or a Corporation?
If I had a penny for every time I have been asked, “Should I form an LLC or a Corporation”? I would be a millionaire several times over. Well the good news is that deciding to elect a legal business entity for your business is always a good idea and as a business owner you… Continue Reading
How to Hire Your First Employee
So your business has started to see some major traction and now you need the supply to meet the demand so you want to scale up. Congratulations! It is time to hire your first employee. Hiring your first employee might seem daunting and terrifying, but if you follow the steps below while adhering to your… Continue Reading
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