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Most Recent Questions

How do I draft a letter to a potenial franchise requesting a license or a contract?

Assuming you've completed all your research on the opportunity (refer to the expert articles at Entrepreneur.com if unfamiliar with what this means), you should already have a good working... (more)

What should I do before signing a franchise contract without spending too much for a lawyer's fee consultation?

Before consulting with an attorney, first find out if the franchisor is willing to negotiate the contract.  If they are not, which is fairly typical with the good ones, then tell the attorney... (more)

How does paying federal and state taxes work for an online business?

The business will pay federal income taxes in the same way it would if it was a brick-and-mortar business.&nb (more)

To open an online store, do I need to apply for a tax ID number or can I use my social security number?

As a general rule, if your business is an entity other than a sole proprietorship (e.g., corporation, limited li (more)

Is it legal for a LLC to give points to an employee of a company that the LLC is performing work for, in exchange for the promise of more work from that company and other companies where the employee may have contacts?

If by points you mean giving the employee an ownership interest in the LLC, the LLC may sell an interest to anyone legally competent to own an interest. However, paying an employee of another... (more)

How do you enforce a business contract?

Absent an arbitration agreement in the contract (or a written consent to arbitrate signed by all of the parties) (more)

How do I keep website developers from taking profit and ownership of my website's design?

By executing a contract that makes it clear that the design is a work-for-hire in which they have no intellectual property rights and that they cannot use for profit, you can secure ownership of... (more)

Should I sign a non-binding Letter Of Intent if I think it has questionable info on it?

There is no such thing as a non-binding letter of intent. At the very least, it obligates you to negotiate in good faith to carry out the intended transaction. It can also go much farther than that... (more)

When naming your business, how do you make sure the name is not taken and make it yours?

There are several companies that will perform a nationwide search to determine if the name has been used as part (more)

Can I get a patent on a modification of an existing invention?

If you have added something original, non-obvious, and useful that improves the original invention, you may be able to obtain an improvement patent. But, beware: an improvement patent will not... (more)

I have an idea but it involves using celebrity images. Is this illegal? Can I be sued?

If you intend to use celebrity images (or any else's image, for that matter) for a commercial purpose, you must (more)

Is it possible to start a business in the U.S. as a recent international graduate?

It is possible for a foreign national to start a business in the US. In order for the individual to remain in the to run the business, however, the individual will need to obtain the proper visa.... (more)

Where do I get permission to duplicate trademarks or copyrighted material?

You must contact the owner of the trademark/service mark or the copyright and ask for permission, which may (more)

How can information technology help market manufacturing and service firms and what are its drawbacks so far in modern business today?

Wow these are good and insightful questions. Overall, technology is important for a business--it helps you do more with less, save time, be more productive and gain intelligence on key business... (more)

What's a more affordable but professional business phone system option?

There's two options for you to consider - well 2.5: 1. If you have a very small businesses, you could consider a solution such as gotvmail or virtualpbx. They supply you with one main number... (more)

How do I hire a web application programmer that is professional and in the price range of a small internet startup?

There's a few ways: 1. Find websites that you like and keep these in mind. 2. Ask your business associates about who has done their websites and for recommendations 3. Your local... (more)

What is more cost-efficient - hiring an IT professional or an IT consultant?

An IT Professional and and IT consultant are the same. Could you clarify? If you mean, however, hiring an independent IT consultant vs. hiring an IT professional who works for you as an employee,... (more)

Is Microsoft Access suitable enough to store and retrieve price list information written in Excel?

Microsoft Access is a good tool for storing information. Other databases you might want to consider are File Maker Pro and Alpha Software. If you want to put your data online (maybe so others can... (more)

What is the first step in starting an IT consulting firm?

I think these are two separate questions, no? You want to start an IT consulting firm. Or do you want to sell your products online? I'll answer the starting an IT consulting firm question, as that... (more)
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