Author archives: Kalyan Pokala

How Does Getting a Patent Work?

Have you finally come up with that great idea that is going to make you wealthy? Maybe you have developed some proprietary software for your business, or you developed a superior way to perform a service that gives you a leg up on your competitors. We’re going to discuss when you need to get a patent and what is involved in the process. When It Is Time to Apply for a Patent While you don’t want to rush ahead and

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Is It Possible to Split from My Business Partner?

A partnership can sometimes be one of the trickiest business formations. After all, no matter how similar your vision for the future of the company, no two people will ever have the exact same ideas on how to get there. Consider the following scenarios where two people may want to get out of a business partnership. Creative Differences – You each want to take the business in a different direction Personal Differences – A couple who are business partners may

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How Difficult Is It to Fire an Employee from a Corporation or LLC?

If you are a small business owner, even if you are operating the company as an LLC or another corporation type, you realise the importance of hiring quality employees who will increase business profits. If you have a problem employee who just doesn’t fit in with your business model, how difficult is it to let him or her go? Here are three things you need to know. California Is an At Will State In California, employees are hired at will.

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Why You Should Consider Making Your Business an LLC

If you are starting up a new business, you probably realize that you have a number of options as far as how to organize the company. We’re going to take a closer look at an LLC, and why it may be a good option for your enterprise. What Is an LLC? LLC stands for limited liability company. This is a legal structure for a business that allows owners to serve as members. It can help to protect the personal assets

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Finding the Right Business Attorney for Your New Startup

A business attorney can be an invaluable asset for a new startup that is just getting on its feet. However, it is, unfortunately, easy to get burned by expensive legal fees if you don’t select your lawyer carefully. Here are a few things to think about when choosing a small business lawyer. Don’t Wait for a Lawsuit One mistake small business owners make when it comes to hiring a business attorney is only doing so if a lawsuit comes about.

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3 Reasons You Need to Consider Trademarking Your Logo and Company Name

Perhaps you are running a small, local business and never intend to turn it into a global corporation. Does that mean you should forget about trademarks? Absolutely not! Trademarks are beneficial for businesses of any size. Here are a few reasons why. #1 Trademarks Constitute a Company Asset If you ever sell your business, your reputation should be part of the overall value. Even small businesses can build a great reputation in the community. If you ever sell your business,

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Protecting the Copyright of Your Online Works

The Digital Millennium Copyright Act was a major step taken to protect all online content. As a result, anything you publish online is technically protected. You don’t even have to include the copyright symbol on every page of your site. Of course, there are plenty of unsavory businesspeople and others who are willing to cut corners even when it comes to online copyright law. So what can you do to boost the protection of your important web content? Why Protecting

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Advantages and Disadvantages of Forming an S Corporation

If you are ready to incorporate your business, one of the business formations you are likely considering is the S corporation (sometimes shortened to S corp). What is an S corporation? What are the advantages and disadvantages of using this particular type of business setup? Let’s take a closer look at how S corps work. What Is an S Corporation? An S corporation is a type of corporation that is used to eliminate double taxation, which may otherwise occur when

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3 Benefits of a Non-Disclosure Agreement (NDA)

A non-disclosure agreement (NDA) is also sometimes referred to as a confidentiality agreement. This business contract helps to protect confidential information that may have to pass between individuals for the sake of a business arrangement. Depending on the guidelines set forth in the NDA, both parties commit not to disclose confidential business information to any third party except in accordance with the rules stated in the contract. Here are some benefits of issuing an NDA. #1: Helps to Define What

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3 Types of Intellectual Property Every Business Owner Should Know

As the owner of a business, you need to protect your intellectual property from competitors as these ideas and trade secrets are your biggest advantage in the marketplace. Here are 3 types of intellectual property you should be concerned about as a small business owner. #1: Copyrighted Content All of the content that your company produces is protected under international copyright law. This includes print and digital content. For example, if you post blogs or video to your website or

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