If you are running a business or just starting out, you probably already know there is legal minefield out there. To overcome it, it helps to have some practical insight. Here are a few tips you might want to keep in mind. 1. Shareholders vs Members In a limited liability company, there are no shareholders. They are called members instead. 2. Multiple Business Owners If multiple people own a business, avoid situations where the ownership interests are equal. If you dont, you can end up with deadlocks that require court intervention. 3. Written Agreement Jurisdiction When negotiating a contract, make sure to look at the jurisdiction clause. You want it to be in your town or city. Otherwise, you may have to travel across the country to defend yourself in a lawsuit. 4. Copyright Office Information All copyrights must be filed with the Copyright Office. It is a department of the Library of Congress. 5. Corporate Protection and Crimes A corporation is touted a vehicle to protect shareholders from lawsuits and debts of the business. It does not provide protection from criminal charges. 6. Common Law Copyright When you create an artistic work such as a book or music, you automatically are granted copyright. If some infringes on your copyright, however, you must have registered it with the Copyright Office to get damages. 7. Website Copyright Issues Many businesses need websites and yours probably does as well. If you use an outside party to create it, make sure they transfer copyright to you for the site. 8. Agency Controlling Trademarks Trademarks are controlled by the same agency that controls patents. The agency is the Patent and Trademark Agency. And you thought law was confusing. 9. Going Ecommerce? Most startups dont think about going online before opening a brick and mortar office or shop. If you can get the hang of web design, it is much cheaper to start online. 10. The First LLC The first limited liability company came to us from Wyoming. To attract tax revenues, Wyoming passed a law allowing them in the late 70s. The law is a vast and complex subject. A few tips are not going to get you by. If you find yourself in a complex situation, seek out the advice of a good attorney.
Article Source: http://www.articlecontentprovider.com/articlesubmit
If you are running a business or just starting out, you probably already know there is legal minefield out there. To overcome it, it helps to have some practical insight. Here are a few tips you might want to keep in mind.
Visit the attorney directory at FindanAttorneyforme.com. Get your own completely unique content version of this article.
Please Rate this Article
5 out of 5 4 out of 5 3 out of 5 2 out of 5 1 out of 5
