Now that 2016 has arrived, many Americans are busily working to fulfill their New Year's resolutions. January is certainly a peak time for new gym memberships and diet products, but self-improvement shouldn't be limited to just physical health. The New Year is also a great time to reexamine the health and security of your business.
When starting a new business, some decisions may be very intentional while others are made hastily. To be sure, one approach isn't always better than the other. Some successful businesses are started more or less by accident. Perhaps a grandmother loves to cook for family and friends and is eventually encouraged to open "Grandma's Café."
Last summer, we wrote about one of the legal complications that arose in the wake of recreational marijuana becoming lawful in the state of Colorado. Small growers were having trouble protecting their intellectual property because federal law considers marijuana to be an illegal drug.
Companies establish trademarks to protect the names, words, devices or other means to represent their brand. Companies have a lot of pride in their products and their brand so it is important to take action to protect your trademarks.
Recently, an article from Colorado Biz magazine featured some good “spring cleaning” tips for small business owners. In this post, we are going to discuss a few of the tips from the article and add a few of our own, from a business law standpoint.
As we have discussed in past posts on our blog, patents are granted to inventors by the United States Patent and Trademark Office (USPTO) as a way of preventing others from making, selling or using an invention for a certain amount of time.
If you are a small business owner, you probably have your hands full just keeping your company going on a day-to-day basis. Chances are that don’t have time to worry about intellectual property law, tax law, employment law or the other legal issues that may affect your company.
A business valuation is an important step for any business owner who is thinking about selling, bringing on new partners, finding investors or applying for a loan. But the process measures more than just the business’ worth. It also considers intangible assets that add value to the business such as goodwill or brand recognition.
Chances are that you have heard the terms "patent," "copyright" and "trademark" thrown around, but you might not understand what each one means and how they are different. Each one can offer protection to small businesses but they are used for different reasons.
Intellectual property is an area of law that is based on legally-recognized exclusive rights to things that were invented or created. The rights are recognized by patents, copyright and trademarks, which allow creators to benefit from the use of their creations.