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Intellectual Property: How Do I Patent an Invention?
Protecting your invention through a patent is crucial for safeguarding your intellectual property and securing exclusive rights to your innovation. Understanding the patent process can help you navigate this complex legal area. What is a Patent? A patent is a legal document granted by the U.S. Patent and Trademark Office (USPTO) that gives the inventor…
Best Practices in International Business Contracting – Part 1
All contracts are subject to certain laws. The beauty of contracting is generally being able to choose which laws become part of the contract. An international business contract, for instance, it should generally read like a sophisticated business contract that will be performed by two domestic, English speaking parties. However, depending on the home countries…
Success in Succession Planning
Your business plan and your legacy should read like a good book. It begins with an introduction to your team, organization and management structure (the main characters), describes your company and the services to be provided (the setting), and provides some background to your financial goals and projections (the plot). Next comes the heart of the…
U.S. Citizenship and Immigration Services Issues New Edition of Form I-9
The Department of Homeland Security, through U.S. Citizenship and Immigration Services, recently issued a new edition of Form I-9 on March 8, 2013. The previous edition expired on August 31, 2012, but employers had been allowed to use the expired form while the new edition was being produced. Employers should now begin using the March…
Family Business Succession: The Importance of Having a Plan
By Rudman Winchell Attorney Jonathan P. Hunter Although the idea of the family business is firmly rooted in American culture, the survival rate for family businesses in America is startlingly low. Less than a third of family-owned businesses survive into the second generation. Twelve percent of family businesses make it to the third generation. Only…
Before you issue gift certificates, consider these regulations
Gift certificates are an attractive option for businesses looking to reach more customers. They can be perfect for shoppers who can narrow down their gift ideas to one store, but can’t make the final decision. However, before your business begins issuing gift certificates, there are several important rules that you must consider. Gift certificates are…