YoungUpstarts

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The Importance Of Intellectual Property Protection In Entrepreneurship

YoungUpstarts

If you have ever come up with a unique invention, you may already realize how important it is to protect your intellectual property. The United States Patent and Trademark Office understands this, and works to ensure that applications for new intellectual property are given their due and protected under US law.

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Business Owners Need To Understand Intellectual Property Law

YoungUpstarts

Understanding the four main types of intellectual property is a preliminary step to intellectual property acumen as patents, trademarks, trade secrets and copyrights each have their own legal protections. Does my company own its intellectual property? What should my IP strategy be?

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How To Sell Your Business For Maximum Profit And Why It’s Best To Sell When Business Is Thriving

YoungUpstarts

They want to see that a business is operating on all six cylinders. Does it have a niche or intellectual property? Processes refers to operating procedures and employee handbooks. Keep in mind, profits are never the problem, they are always a symptom of not operating on all six cylinders.

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The Five Most Common Legal Mistakes New Companies Make

YoungUpstarts

But operating as a sole proprietor leaves you personally responsible for any debts and legal liabilities you might incur. Intellectual Property, the core of the business, is not protected. Your intellectual property is the backbone of your business.

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Everything You Need To Know About Virtual Data Rooms

YoungUpstarts

With the ubiquitous reliance on PCs and specialized software to keep a business running smoothly, and coupled with the fact that more enterprises are making the transition of being paperless, many of the previously document-heavy operational practices have been shifted to the virtual realm.

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Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

What type of behavior do you want to incentivize or discourage in your contract drafting process (for shareholder or operating agreement, employment agreement, employee manual and vendor and service agreements)? Protect your company’s customers, employees and intellectual property. Your message should be clear and consistent.

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Preparing For An Acquisition

YoungUpstarts

Having audited financial statements will provide your buyer with a trustworthy source of your financials and operations. Whether your company is generating profits or operating at a loss, taxes are a significant risk area in any acquisition. A successful purchase is about having your buyer’s trust and confidence.