Business Acquisition: 5 Important Questions to Ask the Seller Before You Buy

An existing business can present a range of opportunities for a keen-eyed entrepreneur. You have a chance to bring your unique experience to a business with existing customers, trained staff, and a fully-realized concept. Before you commit, you may be wondering whether this business is right for you—and whether you're the right person for the job. Ask your seller these key questions before making any acquisition ... Read More

Game On: What You Need to Know About Operating a Business in the Gaming Industry

Gambling has a long history in the United States and throughout the world. For thousands of years, gambling has had its zealous advocates and detractors. In the United States, opponents of gambling cite concerns about increased crime, violations of religious beliefs, regressive taxation, and addiction. Despite this often fanatical opposition, some form of gambling is legal in every state in the U.S. save two (Hawaii ... Read More

Funding Your Dreams: 5 Potential Sources of Capital for Your Growing Business

Your dream for a successful business may be fully realized in your mind's eye, but it takes a great deal of time, effort, and money to make it work in real life. While the time and effort are within your control, the money factor can be tricky. Where can you find the funds necessary to support your business in its early years? If you need inspiration, these common sources of capital may be able to carry your business ... Read More

The New Business Makeover: How to Make Your Startup More Attractive to Investors

Investment capital is a great thing to have, but it is very difficult to obtain. Investors I have worked with in the past have told me that they hear, review, and analyze dozens of business pitches a year, and only invest in one or two. It goes without saying that seeking investment capital is a far different process than simply going to the bank and applying for a loan. You need to attract investors and convince ... Read More

5 Key Benefits to Using Mediation to Resolve Your Business Dispute

Business disputes can arise for a seemingly infinite number of reasons. Even if a business relationship has been working well in the past, circumstances can change. Before incurring the significant, cost, time, and headache of litigation, consider mediation by a qualified third party to settle your dispute. Here are five key benefits for doing so. 1) It’s personal. Mediation is where an independent, trained ... Read More

The Advantages and Disadvantages of Crowdfunding Your Business

Crowdfunding has revolutionized the way in which businesses can raise capital to start up or to expand. A successful crowdfunding campaign can provide funding in a short amount of time and allow people to get involved in a business at the ground floor. As with everything, there are benefits and drawbacks to crowdfunding. Here are a few of each. Advantages Income. The obvious first benefit is cash. Addressing ... Read More

The Relationship Between Trademarks and Unfair Competition Law

The best way to envision the relationship between trademarks and unfair competition is to imagine an umbrella. The umbrella is unfair competition and trademark infringement is one spoke in the umbrella. This is because trademark infringement is a form of unfair competition, that is, fraud or dishonest business dealings in trade and commerce. It is when competition becomes unfair because one of the parties has ... Read More

An Unlikely Ally in the Fight Against Intellectual Property Infringement: Customs & Border Patrol

One of the largest scourges in the intellectual property world is counterfeit goods.  Counterfeiting is a form of infringement whereby a third party unlawfully uses another party’s intellectual property to sell their own product and pockets the profits. Infringement takes many forms, from bootleg movies to fake Louis Vuitton handbags to counterfeit Ray-Ban sunglasses to pseudo-Viagra. Much of this infringement ... Read More

Yes, You Do Need an Operating Agreement! Here’s Why:

“Yes, Virginia, You Do Need an Operating Agreement” will probably never become a blockbuster movie, but it is still good advice if you are going to form or have formed the most popular type of business entity - the Limited Liability Corporation (LLC). LLCs owe their popularity to their combination of the limited liability afforded to corporations with the tax benefits and flexibility of a partnership. LLC owners ... Read More

Using Non-Disclosure Agreements to Preserve Patentability

Patents are a highly sought after form of intellectual property for good reason: they allow the inventor or discoverer of a new and useful process, machine, manufacture, or composition of matter (or any new and useful improvement of one) to exclude others from practicing that invention or discovery for a certain period of time. Patents foster innovation because without the guarantee that the inventor can exploit his ... Read More