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Articles to LIFT Your Life and Business

Protecting Your Intellectual Property Early On Is Vital

When it comes to intellectual property (IP), you’re probably familiar with things like patents, trademarks, and copyrights. Yet, these are just terms describing how businesses can legally protect certain types of IP. Though such terms offer a general idea about what IP is, they don’t fully explain how it works. And whether you know it […]

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Covering Your Assets: Liability Insurance & Limited Liability Entities

It’s estimated that one-in-three small businesses is sued or threatened with a lawsuit at some point in its life cycle. And even if you end up winning the suit, the price of defending yourself in court can be massively expensive in terms of lawyer fees and court costs. Seeing that you face potentially ruinous risks […]

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4 Legal Landmines to Avoid When Launching a Business

The whirlwind of excitement and activity surrounding the launch of a startup can feel overwhelming. You’re so focused on managing the day-to-day logistics of getting your business up and running, you often don’t have time to focus on the bigger picture. Because of this, it can be easy to overlook some perilous legal pitfalls that […]

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How California’s New Test to Classify Workers Impacts You

Correctly classifying workers as employees or independent contractors has always been tricky. Depending on the regulatory agency involved and whether you’re dealing with state or federal law, there are numerous different factors and tests that can apply to your decision. In April 2018, a ruling by the California Supreme Court added a new test to […]

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How to Protect Your Trademark in Foreign Countries

Globalization and digital technology have made the world seem like a much smaller place. And though the enhanced ability to reach international markets can be a major advantage for your business, it also opens up new complications with intellectual property rights. This is especially true when it comes to foreign trademark infringement. Trademarks are used […]

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Does Your Business Need Commercial Liability Umbrella Insurance?

Nearly every week, the news is filled with headlines announcing that some big company lost or was forced to settle a lawsuit for mega millions. While big-name corporations may be able to survive such litigation relatively unscathed, for small and medium-sized businesses, just a single lawsuit could sink your entire operation. Even if your company […]

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Should Your LLC Hold Annual Member Meetings and Keep Minutes?

Many entrepreneurs structure their businesses as limited liability companies (LLC) because like corporations, LLCs offer personal liability protection for their owners. But unlike corporations, LLCs are not legally required to adhere to many of the same corporate formalities required of corporations. Given that LLCs offer the liability protection of a corporation, without all of the […]

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8 Key Provisions to Include in an Employee Severance Agreement

At some point, it’s virtually inevitable that some of your staff will leave your employment. Whether they leave of their own volition or they’re terminated, it’s simply the nature of running a business that not all employees will be around forever. In some cases, it can be a good idea to offer departing employees a […]

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The Tax Benefits of Limited Liability Companies

As its name suggests,  limited liability companies (LLCs) protect personal assets from debts and other business liabilities. But you may not be aware that LLCs can also offer tax savings. As an LLC, you have flexibility in choosing how you’ll be taxed. This allows you to reap a number of benefits unavailable to other business […]

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3 Steps to Avoid Getting Taxed or Sued for Misclassifying Your Independent Contractors

With the rapid rise of the “gig economy,” which primarily relies on independent contractors instead of W2 employees, there’s been an equally steady climb in the number of Independent Contractor (IC)  misclassification cases filed against businesses. Most misclassifications are not the result of intentional violations of federal and state law, but rather, unintentional mistakes made […]

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Protect Your Intellectual Property With Copyrights

Just about every business owner—whether they know it or not—has created some form of intellectual property (IP) during the life of their company. IP is an extremely important part of your business. Indeed, valuation experts estimate that IP makes up 40% to 90% of the total value of some companies. When it comes to IP […]

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