My Employee Shared Our Trade Secrets. Now What? You’re only as good as what sets you apart from others in your field.
That’s what identifies Apple from Microsoft, Google from Yahoo! , Coke from Pepsi, and Nike from Adidas. It’s the intellectual property (IP) and the people who create it that holds real value for a company. And this is exactly why Nike is suing Adidas for $10 million in damages. Your employees are an incredible asset… that is, until they become a threatening liability. What are the Pros and Cons to Buying a Franchise? My sister recently mentioned over lunch together that she recently looked into buying a franchise to one of our favorite local treat shops.
They only offer ice cream sandwiches, but the line of customers is consistently long regardless of the time of year. With a frozen product there is minimal spoilage and waste, low labor costs for this simple indulgence, and it would only need a tiny rental space to set up shop. However, it required $30,000 just to buy into the franchise in addition to setup costs including equipment, renovating commercial space, and committing to opening an additional two ice cream sandwich shops in the future.
After this synopsis, my sister quickly concluded that she is going to stick to teaching sixth graders. While this option may not be right for everyone, there are definite pros and cons to consider when speculating whether opening a franchise is right for you. Pros Cons. What are the Pros and Cons to Buying a Franchise? Crowdfunding Laws: Will They Help or Hurt My Business? It seems like new buzzwords pop up all the time and the one that I am hearing a lot about lately is “crowdfunding.”
I know it’s been around for several years, but it seems to be picking up speed and becoming a readily accepted method of fundraising for both nonprofit and entrepreneurial ventures. As this new virtual tool continues to gain popularity, laws have been passed to regulate these financial exchanges. Long Island, NY Trademark Attorneys. Our experienced Long Island trademark attorneys & lawyers represent individuals and businesses with everything they need to secure and protect their trademarks.
After all, how can anyone monitor the over half a billion (yes, billion) websites that exist? Moreover, if your original work does end up on another’s website, how do you file suit? Then again, if someone sends you a DMCA Takedown Notice, what the heck is it and is it binding? The last two questions can be answered by explaining the function of a DMCA Takedown Notice. The Digital Millennium Copyright ACT (DMCA) stems primarily from the World Intellectual Property Organization Copyright Treaty and was enacted so that Web hosts could not be held liable for infringement that took place on their service (as long as they completed the necessary elements). C Corporation - What is a C Corp?
Learn More about an C Corporation below Allows for unlimited amount of shareholders and can be owned by other corporations such as LLC’s or even trusts.
C-Corps have more flexibility as well with shareholder rights and ownership, but typically face tougher tax implications because of this. Corporations - Learn about types of Corporations. Learn more about the types of Corporations below: Corporation A corporation is an independent legal entity distinct from its owners.
The law views a corporation as a distinct legal person that can enter into contracts, incur debt, and pay taxes apart from its owners. Upcounsel. A Guide on How to Incorporate a Business There are several steps required to legally incorporate a business. The first step is to file a document called “articles of incorporation.” This document is filed with the corporations division of their state department and the cost will vary depending on your individual state of incorporation.
Next, you will need: the name of your corporation, the address, the registered agent and possibly the name of the corporation’s directors. Open Enrollment is Around the Corner! Here's What You Should Know. November 15, 2014 is the first day of open enrollment under the Affordable Care Act for the 2015 year.
The Affordable Care Act, also unofficially known as Obamacare, was enacted in 2010 in order to provide more affordable health care insurance to Americans. Here are the important dates to remember: Open enrollment period begins November 15, 2014 and ends February 15, 2015.If you want your coverage to be effective January 1, 2015, you should enroll by December 15, 2014.If you want to change the coverage plan you purchased in 2014 for a new plan in 2015, you must also enroll by December 15, 2014. Outside General Counsel Services for Hire On-Demand. Affordable Care Act - Learn More on UpCounsel. Learn More about the Affordable Care Act You’ve heard the term over and over throughout the years, but what exactly is the Affordable Care Act?
The Affordable Care Act (ACA) is a shorter name for the Patient Protection and Affordable Care Act which was signed into law by President Barack Obama in 2010. The Affordable Care Act, most commonly refered to as "Obamacare" was implemented to regulate the health care industry, provide more Americans with affordable health insurance, and improve the quality of health insurance and health care in the United States. The Affordable Care Act - What does it do? In 2013, over 44 million Americans were living without health insurance, mainly because of the high costs to obtain it. The Health Insurance Marketplace The Health Insurance Marketplace is the online marketplace where Americans can now shop for more affordable health care insurance. Each state has its own marketplace. Startups and The Angel Investor Partnership.
You can have the best idea in the world to create a startup, but without the funds to back it up you may feel like you are at a stalemate.
It takes cold, hard cash (or plastic or checks or even PayPal) for an entrepreneur to make the dream a reality to pay the rent, payroll, office supply company, and electric bill. Bank loans are the typical option to consider, but angel investors are becoming more prominent (especially with tech startups). Angel investors tend to be wealthy business people and many times are successful entrepreneurs themselves. Overall, they need to meet the Security Exchange Commission’s (SEC) definition of an accredited investor by: having a net worth of over $1 million, orbring in an income that exceeds $200,000 per year (for individuals), orthey need to represent a nonprofit, corporation or partnership with assets exceeding $5 million. [Photo credit: Sonia Roy]