The entire process to register your trademark often takes many months and sometimes over a year to complete. So if you see a service promising to trademark your brand in mere minutes or even that same day, that’s a big red flag. Working with an experienced lawyer to support and advise you throughout the registration process is the best thing to protect your business. But if you decide to take the DIY route, at least now you know some of the warning signs to watch for to avoid getting scammed.
When launching a new business, securing appropriate legal protection for your company's intellectual property (IP) is your top priority. Since you're just getting your company up and running, finding a much reasonable priced trademark registration service is the best. But with so many trademark services out there and with all types of DIY legal services you find online, you should approach web-based trademark registration services with extreme caution.
Establishing and running a successful small business is an extremely rewarding experience. For small business owners, deciding when and how to sell your business is arguably even more consequential, but if you're guided by the right factors that should be considered before putting up the proverbial for sale sign, you can smoothly transition ownership of the small business you spent your lifetime building —and you can begin the next chapter of your life.
There's nothing like a major change in the economic climate to make you rethink your job. A steady job is not necessarily a sure thing - if you're in a place of transition with your life and career, it could be the right time to take the leap and start working for yourself, building your own business, and becoming the boss you always wish you had. But it's always the best way to consult a trusted legal professional before making your final decision in starting your business as a solo(preneur).
Facing a lawsuit can be challenging. As much as possible, you want the whole thing to be over quickly and don't want to settle in for the long haul. However, your litigation will not be resolved without going to court, and the best way to help you deal with this conflict is to find the right lawyer. So how do you choose the best lawyer for your situation? Here are some tips to help you hire the right lawyer for your case.
One of the most exciting parts of owning a business is paying your own hard work. And yet, some business owners don't pay themselves or rely on inconsistent income to avoid owing taxes. But the right way to pay yourself from your business depends on the type of entity structure you use to establish your company. That's why entrepreneurs are advised to structure their business as an LLC. In this way, you can protect yourself from debts and lawsuits related to your company and save on taxes.
Every entrepreneur understands the value of effective business planning but seldom are those who are aware of the critical role estate planning plays in their company's success. Without a proper estate plan, the business you worked so hard to build could be at serious risk if something happens to you or in the event of incapacitation. Don't put your most valuable asset at risk. If you haven't created a proper estate plan, your business is missing one of its most essential components.
Business startups are amazing ways to becoming an independent business owner. Nevertheless, buying an existing business has more advantages than starting from nothing. It's more likely to have an established customer base and a more recognizable brand. With a solid foundation, you can review existing policies and processes. Instead of spending years building a name and creating connections, you concentrate on. But with an already built business, you can now focus more on growth and expansion.
With all the challenges businesses are facing right now, some are still experiencing tremendous growth. But planning for business expansion requires a stronger workforce, which means more hiring. This is just another challenge you'll face since it involves additional legal requirements that you'll need to comply with to avoid conflict with your new team. Though expansion provides a great opportunity to build more profit, it can also expose your business to additional risk.