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Most Recent Questions in Legal Basics For Startups

Do you have to have a business license in every city you choose to do business in?

Most business filings are done at the state or county level depending upon the nature of your business entity (corporation, LLC, partnership, sole proprietorship, etc.). Usually, although not... (more)

Should I ask for a royalty agreement or just a consulting fee while designing something for a manufacturer?

There is no right or wrong answer to this question. If you create something that gives you an intellectual property interest in the creation (such as a copyright), you will retain that interest... (more)

Where do I go to find out about state and local product safety regulations?

Which governmental agency or agencies regulate product safety depends on the product involved. In addition, there are likely to be applicable federal regulations. In fact, there are so many... (more)

Is there a standard layout for contracts when buying out other businesses?

There are certainly forms available from a number of different sources; however, there really isn’t a “one-size-fits-all” form, since pretty much every transaction has unique issues. Even if the... (more)

Is an exclusivity agreement enforceable by law?

While there are a number of different types of “exclusivity” agreements, I assume that you are referring to an agreement under which your client would agree to work exclusively with you or obtain... (more)

How do I get permission to use a product another company produces?

Simple question. In this instance you are the customer, so contact the sales department of the company and organize ordering their products (with or without your logo).  Most of us in... (more)

How do I get permission to use a product another company produces?

Simple question. In this instance you are the customer, so contact the sales department of the company and organize ordering their products (with or without your logo).  Most of us in... (more)

What should I do when my investors only finance one third of the agreed upon cash and say they are out of funds even though we have a signed agreement?

Talk to an attorney about this. This is serious, and requires legal advice from a professional. Expect to pay for a few hours of counsel. They'll have to look at the documentation and know a lot... (more)

What should I do when my investors only finance one third of the agreed upon cash and say they are out of funds even though we have a signed agreement?

Talk to an attorney about this. This is serious, and requires legal advice from a professional. Expect to pay for a few hours of counsel. They'll have to look at the documentation and know a lot... (more)

How do I acquire the gross income statements from the present owner of an existing business I want to buy?

Ask the owner of the business to show you the financial statements and tax returns for the business for the previous five (5) years. This is part of the usual “due diligence” that any purchaser of... (more)

What document do I need to change who the sole member of an LLC is?

The sole owner of an LLC owns 100% of the membership interests of that LLC. What you require is called an assignment, which is a document that transfers the membership interests to you and states... (more)

How do I completely transfer stock from an old business partner back to my own?

You have not indicated if you and your old business partner are the only shareholders of this corporation or if there is a shareholder agreement that contains restrictions on, or procedures for,... (more)

Is there a proper way to write a Proof of Employment letter?

If by "proof of employment" you mean a letter that states that you are employed, all that is required is for your employer to say so in writing. There is no magic formula. A simple form... (more)

If I hire an artist to create designs for silk screening apparal, does the artist have any legal rights to the designs?

The designer will have intellectual property rights unless you execute a document that states that the designer’s work is a “work for hire”. This type of document is not uncommon but does require... (more)

Is there any way to protect a business idea while testing it?

Ideas are generally not covered by intellectual property laws until there is some actual expression of the idea. Although a "provisional patent" can be obtained before the idea is fully... (more)

Is there any way to protect a business idea while testing it?

Ideas are generally not covered by intellectual property laws until there is some actual expression of the idea. Although a "provisional patent" can be obtained before the idea is fully... (more)

I live in PA. My sister lives in NJ. In which state should we register our business?

There is no simple answer to your question based upon the information you have provided. It is not required that you be a resident of a state to organize a business there. It is also not required... (more)

If I am bonded, do I also need to be insured?

The terms "bonded" and "insured" are frequently misunderstood. While bonding is a type of insurance and each involves coverage for a financial risk or loss, the types of losses... (more)

Can an LLC be a member of another LLC?

Yes. You don’t have the same restrictions concerning who can own an LLC as you do with, say, an S Corporation. (more)

How do I copyright my idea for an e-business?

You cannot copyright an idea until there is some actual expression of the idea. In addition, your idea may not be something that can receive copyright protection, which is limited to certain... (more)
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