A provisional patent application filing receipt indicates that the USPTO has granted you a patent priority date. The patent priority date is the same day as your patent filing date in the case of a provisional patent application filing. From this date forward, you have 12 months to file a non-provisional patent application claiming priority…
Both C-Corporations and S-Corporations are, at their core, corporations that are formed at the state level. The formation process, structure, and governance are usually identical for both. The two big differences are: Tax law is what sets the differences between C-Corporations and S-Corporations. In fact, the name of each comes from Subchapter ‘C’ and Subchapter…
An S-Corporation can provide significant Federal income tax savings over a C-Corporation. A common question that arises is, “If the benefits are so obvious, why aren’t all corporations S-Corps?” Due to the benefits, the IRS places restrictions on S-Corporation ownership, including the types of shares that the corporation can issue and the types of shareholders…
Understanding Corporate Structures: A Guide to C-Corporations and S-Corporations Tax Implications Tax law sets the difference between the C-Corporation and an S-Corporation. When a corporation is formed at the state level, the C-Corporation is the default. The C-Corporation can then, voluntarily, file an election form with the IRS (Form 2553) to become an S-Corporation. Once…
The Corporation is rigid in how it is structured and run. This is due to laws, rules, and general practices that have existed and worked well for years. The great thing about a corporate structure is that it scales very well. From the smallest of companies to the largest enterprises – there is a common…
How To Legally Protect Your Game Board Idea Say there is a game thats been around. A lot of people are familiar with it. No one has made a board game out of it. How do I protect something that everyone knows but no one is actually selling? In protecting board games, you have the…
It is common for entrepreneurs to spend years of their lives, in addition to their blood, sweat and tears to grow a company and the name associated with it. That name can be not only dear to those who invest in it but it can also become a very valuable piece of property. It is…
As an attorney for startups and up-and-coming companies, I am often asked questions such as these: “do I need permission to use someone else’s song in my Kickstarter video?” or “what will happen if I just use it?” or “if the band or label catches me, they can just tell me to stop, right?” To answer…
If a person today creates an intellectual, creative or artistic work, the form of that work is automatically protected by Federal Copyright law (Title 17 of the U.S. Code). Copyright protection does not extend to the underlying ideas or information, but simply to the form in which they are presented. As of 1989, Copyright protection…
The term ‘Trade Dress’ refers to the overall aesthetic, visual design of your product or even your brand as a whole. This is all about a unique look that consumers associate exclusively with your brand or product and no else’s. Trade Dress can include one or more of the following: Colors or color combinations Visual…
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