A patent, in the simplest of terms, is a legal protection for the inventor of a novel or useful invention. The patent grants that inventor the legal right to forbid others from making, selling or using their patented item. Without patents, you would see the rampant exploitation of inventors and new ideas, co-opted by people for the explicit purpose of profiting off of another person's idea.
Many small businesses rely on independent contractors to get vital work done. And there are plenty of reasons to do so. Independent contractors can help you cut costs and expand your business without having to take on the commitment, expense and liability of employees.
One of the biggest decisions you'll make in starting a business is choosing a legal entity. Will your business be a partnership? Sole proprietorship? Limited liability company (LLC)? Limited liability partnership? S-corporation? C-corporation?
When someone in Georgia starts a business, there is the potential that the economy will grow and jobs will be created. However, starting a new company often includes a long, complicated licensing process that delays business openings and may costs business owners money. However, some are trying to ease the burdens of corporate and commercial law by making the business regulation process a little faster.
An upbeat and cheerful person can increase one's optimism by 11 percent. However, a negative person doubles the likelihood that others will become unhappy, according to one study. The same may be said for one's business. While every job may require working with a variety of personalities, entrepreneurs in Georgia may need to be especially careful about the people who are invited into their businesses.
In a post earlier this week, our blog discussed some of the common causes of disagreements in family-run businesses and some relatively simple steps that can be taken to help avoid these often costly quarrels. In particular, we discussed how both business decisions -- particularly how they relate to growth -- and succession often emerge as major points of contention.
Owning a business is an incredible responsibility. Not only will an owner be responsible for daily operations and obligations, he or she typically has much more on the line than anyone else involved.
Family businesses play a vital role in our economy. In fact, more than half of all businesses nationwide - from startups to established enterprises that span generations - are family-run.*
Last year, Congress addressed trade secrets by passing a new law called the Defend Trade Secrets Act of 2016. Dubbed the DTSA, this law is an added effort by the government to give companies legal options when they feel their trade secrets have been violated or used by others. Previously, companies relied on common laws and state laws to address their trade secret concerns. These laws can still be used, but the DTSA adds a federal level of legal protection to the issue.
Drafting and signing noncompete agreements are decisions that should not be taken lightly. These documents can impose strict limits on employees and partner, and are often critical in protecting a company's interests.
Protecting a business is a top priority for any business owner in Atlanta. It is a complicated task, to be sure, and it can involve anything from developing new products to truly understanding your customers. One way to secure these protections is to create contracts that bind employees and other parties to certain agreements.