Protect Your Ideas*
Build it, then sell it People often ask if they can sell an idea for a new product or service to a company that will implement it. But ideas that can’t be protected are worth relatively little. I don’t...
View ArticleSimple and Enforceable Contracts*
Crafting Simple Agreements Although lots of contracts are filled with mind-bending legal gibberish, there’s no reason why this has to be true. For most contracts, legalese is not essential or even...
View ArticleSole Trader Basics*
What the sole trader needs to know A sole trader is a business that is owned by one person (and sometimes his or her spouse) and that isn’t registered as a corporation or a limited liability company....
View ArticleGetting Investors and Protecting Your Idea*
Expect imitations I don’t think you really can protect a business idea in any practical way. If it is a good idea it will be copied. That’s in the nature of business. Your only hope is to launch it...
View ArticleFinancing While Maintaining Equity*
When starting a new business you may need start-up funds but lack the money to invest yourself. What are your options, can it be done without losing equity in the company? Start off by thinking about...
View ArticleCorporation Basics*
What to think about when incorporating Most people have heard that forming a corporation provides “limited liability” — that is, it limits your personal liability for business debts. What you may not...
View ArticleCreating a Partnership Agreement*
If you and your partners don’t spell out your rights and responsibilities in a written partnership agreement, you’ll be ill-equipped to settle conflicts when they arise, and minor misunderstandings may...
View ArticlePlan for Changes in Partnership Ownership With a Buy-Sell Agreement*
Partnership Buy-outs Many business partners overlook a critical element of their partnership agreement that can save them both money and angst: buy-sell provisions. When you create buy-sell, or buyout,...
View ArticlePlan for Ownership Changes With Shareholders *
The Shareholders Agreement While diligently filing articles of incorporation and adopting bylaws, many company owners overlook a critical element of their business relationship: buy-sell, or buyout,...
View ArticleSeven Steps to Starting Your own Business *
Starting your own business can be a daunting task. Here are seven steps that can start you in the right direction. Step 1: Personal evaluation. Begin by taking stock of yourself and your situation. Why...
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