Legal & Insurance

If you are starting a small business, you have several responsibilities. Like any other business, there are several legal aspects to owning a small business which, if not dealt with properly, may land you in the midst of lawsuits.

When running a business, there are a myriad of laws to follow. Here's why having a lawyer for your business is very important.

To insure your business, you want the best insurance at the best price. The first step in getting the right business insurance is to get the right insurance agent.

Learn about different sources of legal knowledge.

A business license permits you to engage in any legally authorized business activity in any city or location. Your new business needs one or more licenses and tax IDs before legally starting its operations. This requirement applies to all businesses, even an Internet business.

When an inventor eventually does file a regular patent, they will do so for a product that they know will sell and earn profits and at the same time the product is protected from copyright infringement. The validity of the Provisional Patent application starts from the date of filing the application, and is non-extendable.

Small business involves a lot of risks. There is personal and financial risk in starting a small business. However, you can identify some predictable and unpredictable factors that are particularly risky and take suitable measures to counter them.

Few words can make someone run in the other direction...insurance is one of them. The very thought conjures up images of insurance salesmen, lengthy contracts, and unnecessary payments. And yet, business insurance can be vital to the survival of your company. In this article, we'll talk about the types of insurance you need.

Licensing is an entrepreneur's dream: it's the opportunity to make money from someone else's success. As a business owner, here are two ways that you can make money from licensing. Does your business allow you to use one or the other (or both)? Can you build this great idea into next year's business plan?

Since I have been in the business of product development for almost 40 years, I have certainly had many learning experiences. Here are a few of the lessons I learned: