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Most Recent Questions in Legal Basics For Startups

Question added to topic Legal Basics For StartupsFebruary 17, 2008

How can I make sure underage children aren't buying my products?

There's a real problem when teenagers have purchasing power (such as credit cards) but don't have the legal capacity to enter into agreements on their own. The problem of underage purchases is... (more)
Question added to topic Legal Basics For StartupsFebruary 15, 2008

What are the requirements for getting a business and import license?

The laws are very complex concerning the importation of goods, and from my perspective (although, hey, I'm an attorney), I wouldn't want to start a business--any business--without one.... (more)
Question added to topic Legal Basics For StartupsJanuary 31, 2008

How can I end a partnership with my ex?

If your partnership agreement contains the right provisions, you can purchase your ex-wife's interest in the business from her according to the procedure and valuation formula in the agreement... (more)
Question added to topic Legal Basics For StartupsJanuary 24, 2008

How do I set up a cost or royalty fee for running a replica of my website in another country?

You can certainly set up a royalty or commission sales arrangement with anyone wanting to sell your products. It's not clear from your brief description, though, whether using an exact replica... (more)
Question added to topic Legal Basics For StartupsJanuary 21, 2008

Are my personal assets protected under a business set up as a DBA?

Your personal assets are NOT protected if you do business as a DBA. All the DBA certificate does is let people know who's behind the fictitious name that you created for your company. It does not... (more)
Question added to topic Legal Basics For StartupsJanuary 21, 2008

If I offer a service but also sell products, do I need to have two seperate licenses?

Whether or not you need to have a specific license (apart from registering as an entity to do business in your state) to sell your services or products depends on (1) the nature of your business... (more)
Question added to topic Legal Basics For StartupsJanuary 14, 2008

What are the consequences of underestimating the fair market value of a pure startup in an 83(b) election?

The valuation of a business is never straightforward--particularly not with pure startups where there's no historical way (e.g., earnings or other ratios) to gauge the fair market value. What's... (more)
Question added to topic Legal Basics For StartupsJanuary 8, 2008

Are there any special licenses for doing business online in other countries?

In general, you do not need a specific license to conduct business online.  However, serving overseas customers can involve tricky questions of domestic and international tax law.  Sit... (more)
Question added to topic Legal Basics For StartupsJanuary 7, 2008

What's the best way to research which states are better to run a business in?

The anwer to which state is "better" depends on what you are measuring, and in turn points you to the resources you'll use to investigate that issue.  If by "better" you mean lower taxes, an... (more)
Question added to topic Legal Basics For StartupsDecember 19, 2007

What are the usual terms for severance packages and non-compete clauses for general managers hired to run startup companies?

Severance and non-competition provisions are usually handled on a company-by-company basis in the United States, so it's hard to get a clear read on what's "usual," especially for... (more)
Question added to topic Legal Basics For StartupsDecember 4, 2007

Is it unethical to start a business that is just like another business?

No, of course not, you don't abandon your idea. You do make sure that you don't use any trademarks of copy or any copyrighted material without permission. But think about it -- where would the... (more)
Question added to topic Legal Basics For StartupsNovember 6, 2007

Do I need a permit or license to sell crafts in Florida for just one craft show?

Having a two year horizon to plan the opening of your business is a wise move. There are many, many issues involved in starting and running a business. As you have the time, consider enrolling in... (more)
Question added to topic Legal Basics For StartupsNovember 6, 2007

I am incorporated and have a small retail store in Ohio. When I expand to another state, do I have to incorporate in that state also?

A good rule of thumb is that if your company wants to have an office presence in a state other than its home state, it should either incorporate as a separate entity or qualify to do business as a... (more)
Question added to topic Legal Basics For StartupsNovember 6, 2007

If my business isn't starting until next year, do I still need to file tax forms for this year?

Unfortunately, yes. Even if it's just a partial tax year, you are responsible for filing tax forms for each year that your business is in existence -- regardless of whether it is generating... (more)
Question added to topic Legal Basics For StartupsNovember 6, 2007

Can a business partner be charged with embezzlement?

<P>Business partners absolutely can be charged with embezzlement. Embezzlement is simply a form of theft, but one perpetrated by someone who had a relationship of trust to the company. A... (more)
Question added to topic Legal Basics For StartupsOctober 22, 2007

How do I prevent legal conflicts when hiring employees from abroad?

<P>The steps you need to take depend on whether you want to hire someone from overseas to work in the United States or want to contract with someone to perform services for you from their own... (more)
Question added to topic Legal Basics For StartupsSeptember 27, 2007

Can I copyright a recipe?

The Copyright Office clearly states that mere listings of ingredients as in recipes, formulas, compounds or prescriptions are not subject to copyright protection. However, where a recipe or formula... (more)
Question added to topic Legal Basics For StartupsSeptember 27, 2007

Can the current owner of a business transfer her tax ID number to me if I am keeping the same name of the business?

The answer to your question depends on exactly what you are intending to do. As a general rule, a Tax ID or Employer Identification Number (EIN) cannot be transferred when there has been a change... (more)
Question added to topic Legal Basics For StartupsSeptember 27, 2007

Can the current owner of a business transfer her tax ID number to me if I am keeping the same name of the business?

The answer to your question depends on exactly what you are intending to do. As a general rule, a Tax ID or Employer Identification Number (EIN) cannot be transferred when there has been a change... (more)
Question added to topic Legal Basics For StartupsSeptember 27, 2007

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)
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