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Types of Patents

Types of Patents

by: Rich Stim, Attorney There are three types of patents: utility patents, design patents, and plant patents. Have you invented or designed something new? You may be able to protect your rights with a patent. A patent is a grant by the U.S. Patent and Trademark Office (USPTO) that allows the patent owner to maintain a monopoly for a […]

Bankruptcy for Small Business Owners

Bankruptcy for Small Business Owners

  If you own a small business and are struggling with debt and considering declaring bankruptcy, you may wish to explore some options. There are a few different types of bankruptcy that may be appropriate for someone with a small business, but the option that is traditionally known as “business bankruptcy” may not actually be […]

What Is a Limited Liability Company (LLC)?

What Is a Limited Liability Company (LLC)?

  Limited liability companies (LLCs) have been generating a lot of buzz in the news lately — and for good reason: where the corporation fails, the LLC prevails.     Think of the LLC as a merger of the partnership and the corporation, except it has the best of both worlds — all the good […]

Documents Needed to Get Your Bankruptcy Case Started – A Growing List

Documents Needed to Get Your Bankruptcy Case Started – A Growing List

One of the most significant changes many bankruptcy lawyers have noted since the enactment of the new bankruptcy law (BAPCPA) has to do with the volume of information that prospective debtors need to provide to me prior to filing. While there is no doubt that misinformation about the new bankruptcy law has suppressed filings, many […]

Hire An Attorney But Do Your Homework First

Hire An Attorney But Do Your Homework First

Hire An Attorney But Do Your Homework First A patent application is a legal document and you cannot expect to “spend one evening filling it out,” the better written the patent, the better the protection your patent will produce. Think of it as a contract for your invention, a contract that you or someone you […]

How Does A Lawsuit Work?

How Does A Lawsuit Work?

How Does A Lawsuit Work? Civil lawsuits arise out of disputes between people, businesses, or other entities, including government entities. Civil lawsuits generally proceed through distinct steps: pleadings, discovery, trial, and possibly an appeal. However, parties can halt this process by voluntarily settling at any time. Most cases settle before reaching trial. Arbitration is sometimes […]

What Constitutes A Contract?

What Constitutes A Contract?

What Constitutes A Contract?   A contract intends to formalize an agreement between two or more parties, in relation to a particular subject. Contracts can cover an extremely broad range of matters, including the sale of goods or real property, the terms of employment or of an independent contractor relationship, the settlement of a dispute, […]

How to Collect Debt Owed to Your Business

How to Collect Debt Owed to Your Business

  By Tanya Roth Since the recession is in a very long, slow recovery, we are all still facing circumstances that can be difficult. Many small business owners are dealing with the fallout from a shaky economy and its effects on everything from production to hiring (or lack thereof). One thing small businesses may now have […]

How Does Bankruptcy Affect My Credit?

How Does Bankruptcy Affect My Credit?

How Does Bankruptcy Affect My Credit?   Bankruptcy will likely be a little bit worse in terms of point impact, but in terms of your ability to qualify for credit, they are probably about the same. You likely won’t qualify for new credit if either is present in your credit history, or if you do […]

How do I incorporate my business?

How do I incorporate my business? Once the decision to incorporate your business has been made, the legal process begins with the preparation of a certificate of incorporation. Whereas in the past this was prepared by three or more legally qualified individuals, today only a single incorporator is needed. The incorporator may or may not […]

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