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The go-to for those looking for something easy to run, but yet provides personal liability protection. An LLC itself does not pay taxes as profits and losses are passed through to its owners who report them on their personal filings.
A unique business type which can be a corporation, limited partnership or LLC that has made a special “S” election with the IRS. Taxes also pass-through in an S-Corp, and ownership can be easily transferred through the sale of stock.
Use a LLC Operating Agreement to define your company’s operating terms and protect your legal rights and responsibilities.
A business entity which allows for an unlimited number of individuals or companies to own a portion of the company by distributing shares of stock. This is the type of business entity to use if you plan on raising funds from investors.
Filing paperwork with the appropriate state agency is the first step in the process, but there are a series of formalities that a newly formed company must take such as drafting and enacting bylaws, operating agreements, issuing stock and filing for an EIN number.
Get qualified and attain 501(c)(3) status for your non-profit organization with the help of affordable non-profit lawyers. Attaining 501(c)(3) status can help you take advantage of grants, private donations and tax benefits.
Registering a trademark protects a company’s name, logo or slogan from infringement by competitors. A registered trademark will give a company the exclusive right to use a certain “mark” in the marketplace. It’s important to speak with a top trademark lawyer to check whether your mark is already registered as well as to properly submit the application in order to avoid office actions.
Filing an approved utility patent application protects the creation of a new or improved product, process or machine. A utility, or non-provisional, patent is by far the most common filed patent application with the USPTO. To obtain a utility patent, the invention must be useful and serve some practical or functional purpose. Filing a utility patent application on your own is no easy task and carries too much of a risk for making a mistake. That’s why so many turn to a utility patent attorney to draft and file the patent application.
The purpose of registering a copyright is to protect an author’s expression of ideas. Copyrights are used for things like books or plays or any type of art, but also extends to computer software as well. By registering a copyright with the U.S. Copyright Office, the author has the exclusive right to copy and reproduce the work so that it will not be infringed upon. An online copyright lawyer can help protect your original work quickly and affordably.
A design patent attorney will help you protect the unique shape, look, and form of a product. A design patent application does not cover the usefulness of your invention like a utility patent, but instead focuses on the ornamental design of the invention. Getting a patent on your design is smart way to enhance the value of your product. Hiring a design patent lawyer to help you with the process saves time and reduces the chances of messing up the application.
This type of patent is an effective and relatively cost-friendly way to safeguard your invention for a year while you decide whether to file a utility patent application. Importantly, a provisional patent application does not apply to design patents. Working with a provisional patent attorney provides an expedient and efficient way to establish a priority date for an invention with the USPTO.
This contract binds the manufacturer of software and the user. Think of it as like a rental agreement for software. The EULA details how the software can and cannot be used and any restrictions that the manufacturer imposes and legally binds users. Importantly, the EULA protects the manufacturer from liability if the software is used in an intended way. For software companies, hiring a tech-savvy attorney to draft your terms is crucial.
An offer letter is a step closer to working for a new employment as it describes the basic terms of the employment position offered by a company. This letter typically includes some basic information about the position, such as job title, starting date, salary and bonuses, pay schedule, fringe benefits, at-will / just cause classification, and the deadline to accept the position.
A termination letter is usually the last step in an employment relationship. For employers, it’s an opportunity to explain why you're ending an individual's employment, and outline other details about the termination.
An employment contract lawyer can help you legally bind a contract between an employer and employee. It’s helpful to use an employment contract or get an employment contract review if you are hiring a new employee and want to specify rights and obligations like salary, benefits, and hours.
A convertible note is a debt instrument that companies utilize to raise initial or “seed” funding. It is a popular way for investors to invest in a business that is in its formative stages.
Equity financing is a method of raising capital by issuing stock in your company to investors. In exchange for the investment, the shareholders receive ownership interests in the company.
The KISS (Keep It Simple Security) docs are short and sweet funding documents released by 500 Startups after feedback from many early-stage investors. They are designed to be flexible, simple, and balanced from both the standpoint of the company and investor.
This nonimmigrant visa allows a non-U.S. citizen who controls a substantial investment to work inside the country. The U.S. Citizenship and Immigration Services (USCIS) requires an E-2 visa applicant to submit extensive documentation to prove their investment in a bona fide enterprise.
Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.
A green card holder is someone who has been granted authorization to live and work in the United States on a permanent basis. As proof of that status, U.S. Citizenship and Immigration Services (USCIS) grants a person a permanent resident card, commonly called a "green card."
An H1-B Visa Lawyer will help allow U.S. employers to temporarily hire foreign workers in specialty occupations. A "specialty occupation" is defined as one that requires theoretical and practical application of highly specialized knowledge in a field.
A H-2B visa lawyer will help you file a nonimmigrant visa that allows foreign nationals to enter into the United States temporarily and engage in employment which is seasonal, intermittent, a peak load need, or a one-time occurrence.
The J-1 Visa classification, through the Exchange Visitors Program, is authorized for those who intend to participate in an approved program for the purpose of teaching, instructing or lecturing; studying; observing; conducting research; consulting; demonstrating special skills; receiving training; or attending graduate medical education or training.
A sales agreement (also known a sales contract and a sales of goods contract) lets both parties know what to expect during the sale of goods or services. It helps parties better understand the details of the agreement, while minimizing the chances of a dispute later on.
Trade secrets and intellectual property can be the most valuable assets for a company. Therefore, it’s worth drafting a strong agreement to protect them. A non-disclosure agreement (NDA) does just that.
A license allows the creator (called a licensor) of the intellectual property (IP) to profit from the invention or creative work by charging the user (referred to as a licensee) for the use of the property.
A buy-sell agreement (also referred to as a “business prenup”) is a contract between owners of a company that states what will happen to the business if an owner passes away or leaves the company.
A subscription agreement, or purchase agreement, is when a business promises to sell a number of shares to an investor at a certain price in exchange for an agreement by the investor to pay that price.
Affiliate agreements are a binding agreement between a website or blog owner and their affiliates. Your affiliate agreement should specify what both parties are responsible for, how payouts will work, and the commission for conversions, if any.
Just about every state requires you to file an annual report in order for them to keep track of the different business entities operating within state lines.
The cannabis lawyers on LawTrades can provide proactive legal planning to keep your business running smoothly during potentially rocky times. Retailers, processors, growers, and ancillary businesses need a reliable legal service as they maneuver through complex regulations and laws set in place.
The cryptocurrency lawyers on LawTrades can provide proactive online legal planning to keep your Bitcoin or other blockchain business running smoothly during potentially rocky times.
The entertainment lawyers at LawTrades have an abundance of experience in the media and entertainment industries, where they’ve represented established and emerging recording artists, songwriters, actors, producers, managers, record companies, publishing companies, television and movie studios, authors, athletes, and technology companies in their ongoing business affairs.
Whether you recently launched your business, currently bootstrapping it, or simply unsure of where to begin, a legal strategy session can help. Too often business owners attempt to deal with legal issues on their own, only to find themselves needing an attorney to clean up the mess.