The first step in establishing a business is to identify the type of entity best suited to your proposed new business. The four most common types of entity are (a) limited liability companies; (b) corporations; (c) partnerships; and (d) sole proprietorships. Insulation from Personal Liability Corporations and limited liability companies insulate owners from personal […]
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Drafting an Operating Agreement- Five Things to Think About
Drafting an Operating Agreement- Five Things to Think About For a limited liability company, the operating agreement is the most important corporate document. Every LLC with more than a single member should have an operating agreement; trying to function without one is like flying blind. A well-drafted operating agreement governs the relationship among the members […]
Do You Need a “Business” Attorney
If you are in business, whether for yourself, or as the manager of a business, you need a business attorney; someone with expertise and experience in dealing with the issues faced on a daily basis by people who own and/or manage businesses. Do you have employees? If you do, you need someone who can […]
The Difference Between Mediation and Arbitration
Contracts containing provisions requiring the mediation and/or arbitration of disputes are more common than not, driven largely by the time and expense required to resolve disputes through litigation. As a mechanism for the resolution of contract disputes, litigation is expensive and time-consuming. It can take years for a legal action to work its way through […]
Copyright and Trademark Symbols
Clients often ask about the symbols used to denote copyrights and trademarks, and when their use is appropriate. I will use my knowledge in trademark law and as an intellectual property lawyer to explain and expand on this topic. What exactly is a Copyright? “Copyright” is the exclusive right to use and reproduce an original […]