Formation

What is an Employer Identification Number?

An employer identification number (EIN), also known as a federal tax identification number (TIN), is used to identify a business entity.  Generally businesses need an EIN.  If you answer yes to any of the following questions, your business must get an EIN:  Do you have any employees?  Do you operate your business as a corporation…

Crowdfunding | Intellectual Property

VIDEO: Legal Risks of Crowdfunding

Public disclosure of intellectual property on crowdfunding platforms can have a significant impact on its legal status. Therefore, before you launch your campaign on Kickstarter or other crowdfunding platforms, you must protect your company’s intellectual property.

IP Risks of Reward Crowdfunding – PART III: Losing Your Brand
Crowdfunding | Intellectual Property | Trademarks

IP Risks of Reward Crowdfunding – PART III: Losing Your Brand

It is tempting to include a catchy name for your product in your crowdfunding proposal in the hopes of attracting attention from potential donors. However, it is important to be aware of the risks posed by crowdfunding to the ownership of your trademark. In the U.S. and Canada, the first party to use a trademark…

IP Risks of Reward Crowdfunding – PART II: Losing Control of Your Idea
Crowdfunding | Intellectual Property | Trade Secrets

IP Risks of Reward Crowdfunding – PART II: Losing Control of Your Idea

While crowdfunding platforms can give entrepreneurs access to customers and capital, they also present many risks that can cause unsuspecting entrepreneurs to lose control of their ideas. For instance, crowdfunding puts the ideas of many early stage entrepreneurs at risk of being stolen by better-funded investors or large corporations since many crowdfunding users will lack…

IP Risks of Reward Crowdfunding – PART I: Patents
Crowdfunding | Intellectual Property

IP Risks of Reward Crowdfunding – PART I: Patents

If you read the terms and conditions that govern your use of any crowdfunding platform, you will quickly discover that crowdfunding platforms do not offer any protection for your intellectual property. Therefore, public disclosure of your intellectual property on these platforms can have a significant impact on its legal status. It is also important to…

Why Your Website Needs Terms and Conditions
e-commerce/web

Why Your Website Needs Terms and Conditions

Although not required by law, a website Terms and Conditions agreement (also known as a Terms of Service or a Terms of Use agreement) is highly recommended for your business. This Agreement appears on your site, detailing a set of rules which users must agree to follow in order to use your website or web-based…

Can You Reach More Investors With A “Mini I.P.O.”?
Crowdfunding

Can You Reach More Investors With A “Mini I.P.O.”?

Starting this month, companies that seek to raise up to $50 million have a new financing option that will give some private businesses access to a wider pool of potential investors.

Should You Hire a Registered Agent?
Formation

Should You Hire a Registered Agent?

If you are forming business entity you are required to have a registered agent and a registered office. But this does not mean that you need to hire a registered agent service. Here are the factors to consider.

Who owns your company’s Intellectual Property? The answer may surprise you
Copyrights | Trade Secrets | Trademarks

Who owns your company’s Intellectual Property? The answer may surprise you

Founders often make the mistake of assuming that their company automatically owns the intellectual property associated with their business.

Should my company incorporate in Ohio or Delaware?
Formation

Should my company incorporate in Ohio or Delaware?

Ohio-based Entrepreneurs often ask whether they should be incorporating in Ohio or if they are better protected by incorporating in Delaware or some other jurisdiction. For various reasons, some founders choose to incorporate in Delaware even if their principle place of business will be Ohio. These reasons often have to do with taxes, liability of management and…