article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . A small business is an independently owned and operated entity that engages in commercial activity and fulfills the set industry-specific size standards. Register your business name.

article thumbnail

Intellectual Property for Startups in the Real World

Gust

Last month we covered the basics of intellectual property (IP) for startups, including a simple taxonomy, some common issues and related documents for entrepreneurs to use when forming a new startup. It’s often possible to “ design around ” a patent to operate a business that achieves similar results in different ways.)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

You must abide by your operating agreement. For startups established as an LLC, the operating agreement is the original blueprint that specifies how the company will be run and which members (partners) hold which responsibilities, among other concerns such as profit-sharing. Protect your intellectual property.

article thumbnail

The Top 5 Intellectual Property Mistakes

Up and Running

Please consult with an attorney before making any intellectual property or other legal decisions. Read on to see five common mistakes regarding intellectual property, so you can avoid the pitfalls. 100% of businesses have Intellectual Property (IP). Patents are the only intellectual property.

article thumbnail

19 Entrepreneurs Explain How They Came Up With Their Business Name

Hearpreneur

What exactly is going to be the name of your business? Whatever the inspiration or relation may be, the naming of your business is one of the most important parts of becoming a CEO. Kumo is a Japanese term for spider and was previously the name of an early Microsoft search engine that eventually evolved to become Bing.

Naming 73
article thumbnail

12 Tips for Avoiding Litigation As a Startup

Women Entrepreneurs Can

Legal action towards your startup can delay your operation or even lead your company to discontinue entirely. Legally Secure Your Intellectual Property Position. It is highly imperative that you conduct intellectual property clearance searches. Fortify the Protection of Your Intellectual Property.

article thumbnail

From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

Optimising Your Operations Efficiency is the name of the game when it comes to operations. Whether it’s managing your supply chain or automating customer service, look for ways to optimise every aspect of your operations. The choices you make here will have a lasting impact on your venture’s financial health.