LEGAL BUDDY NEWSLETTER: BUSINESS AND TAX TIPS AMG Counsel Attorneys & Advisors
Types of Tax Forms Every Small Business Owner Should Know
Understanding the various forms helps you gather the correct information and better estimate tax liabilities. In short, knowledge can make tax season go smoothly, prepare you for potential audits, and help you avoid surprises. Learn which forms you should know.
How Undercapitalized Businesses run the Risk of Personal Exposure
In order to avoid day-to-day liability risks when enacting an asset protection plan, small business owners must pay close attention to recordkeeping and initial capitalization to avoid the doctrine of “piercing the veil” of limited liability.
Key Estate and Tax Planning Issues for Business Owners
What types of entities can California business owners choose for their businesses? What is the sole proprietorship? What is a partnership? What is the difference between general and limited partnerships? How are partnerships taxed? What is the difference between a C-corporation and an S-corporation? How do corporations avoid double taxation? What about owning real estate in a Limited Liability Company? What is a Limited Liability Company? How can business owners maintain limited liability to protect assets? How can business owners save thousands in taxes every year?
Are you also using your trademark for products and services for which it has not been registered yet? Check here what you need to do.
With a registered trademark, everything is fine. It means your brand is protected for the products and services you have selected. You do have to keep an eye on it though. This is because your protection does not automatically cover any new products and services you may offer under your brand.
Don’t want the full Patent — a Provisional Patent is for you!!
What do you really need to sell an idea? The conventional thinking is to pay for a patent and an expensive prototype, then shop your idea around to find out if anyone likes it. This strategy doesn’t work well for an invention anymore. Most ideas fail because they aren’t marketable. After you’ve spent your resources developing an idea, this is a brutal discovery.
While patenting and prototyping are important, they are only two pieces of the puzzle. Here’s what inventors and startups really need to focus on to sell their idea.