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Ask Entrepreneur - Legal Basics For Startups

Legal Basics For Startups

Making products from vintage magazine photos

How do I find information about using vintage photos from magazine to make products such as coin purses or hats?
Legal Basics For Startups

I am purchasing scarves overseas at low cost. Can I put my business logo on the scarves and sell them in the U.S. for more money?

Also, can I develop my own designs and have them made there for the same low cost?
Legal Basics For Startups

My cousin and I are in business together, and I want to branch out into other ventures. How do I determine a fair split in terms of ownership and profit?

My cousin was selling a product and I thought I could improve on it. I approached him and we agreed on a 50/50 split since I was investing in some equipment to create the product as well as investing...
Legal Basics For Startups

Is it legal for a majority owner of the family business to invest in a competitor because the competitor would sign a 5-year contract to buy products from you?

I am 35 years old and have been working for my parents for 20 years. I have been managing a division of the business for 15 years. My father, who owns 51 percent, wants to buy into and help expand an...
Legal Basics For Startups

How can we handle a disgruntled co-owner?

There are six co-owners of the family farm. We rent the land to a farmer, and each owner gets about $600 per year. One owner always wants things done his way and has refused our fair buyout offer. <br...
Legal Basics For Startups

Can I legally sell a brand-name item if I decorate the item with my designs?

I am making plans to start a small business with a partner in my hometown. Some of our plans are to decorate clothing items, including Hanes shirts and socks, and Keds shoes. If we decorate these item...
Legal Basics For Startups

How can I turn a for-profit business into a nonprofit business?

I own a 3-year-old for-profit transportation company catering to senior citizens at discounted prices. I would like to restructure the company as a nonprofit. The company is losing money and the clie...
Legal Basics For Startups

We split the cost of an ecommerce site package, but have decided not to be partners.

Originally we were going to form an LLP, but have since decided that goals are different. How should we proceed from here? Still friends, we would both like to use the software and create our own si...
Legal Basics For Startups

How do you determine the value of a law firm? This particular one has a $1.4 million dollar contract with the county and also gets private referrals.

My wife wants a divorce and says her law firm is worth nothing because it has no assets. Her cash flow is huge and she has a guaranteed contract to do third-level public defender work for the county w...
Legal Basics For Startups

Is it legal to do accounting in the U.S. for foreign companies?

I have been looking online for at-home accounting jobs. As a result I have been approached by several companies from other countries that want me to handle the accounting for their U.S. customers, acc...
Legal Basics For Startups

What are the legal implications of disclosing an employee's private medical information?

We are a 500-employee company. One of our out of state employees has contracted a noncontagious disease. She disclosed this to her manager and told him it is not affecting her job at this time. She sa...
Legal Basics For Startups

How can I request proof for what an employee says is medically necessary leave?

I have an employee who for the last three years has had the worst luck I have ever seen: Two house break-ins, stolen car, stolen boat, allergic food reactions, and the list goes on. Every incident req...
Legal Basics For Startups

Can I resell products I buy at wholesale to other retailers?

My next-door neighbor is a Maybelline makeup wholesale distributor. So I can buy the products cheaply, sell them and make a profit. Is it legal to buy the products from my neighbor and try to sell to...
Legal Basics For Startups

What permits and licenses are generally required to run an online retail business?

I want to run this business out of my home starting out and then eventually expand to a retail store. I want to run a business something like Fingerhut or Brylane Home.

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