So, You Have an Idea for Starting a Nonprofit Business. Now What? If your goal is to positively impact your community or, if you’re especially ambitious, the world, there are few better ways to do so than starting a nonprofit organization. A well-run nonprofit can efficiently turn ideas and funding into direct action. However, turning a brilliant, world-changing idea into a fully operational organization involves forethought and planning. Here are a few considerations you should keep in mind on your journey from brainstorming to launching a new nonprofit. Occupy a Unique Space Particularly successful nonprofits carve out their own niche....
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Starting a Business: How to Establish a LLC?
Once you have decided to start a small business and structure it as a Limited Liability Company (LLC), the next question to answer is, how do I get started? There are basic steps that generally apply in most states. But, since LLCs are governed by state laws, you’ll need to know the rules in the state where you’re registering. Each state has its own quirks and idiosyncrasies, and you’ll need to pay attention to these details from the start. I’ve put together a few tips I’ve learned through years of helping people set up their businesses. While this guide is...
9 Essential Considerations when Starting a Business
Congratulations on having a million-dollar idea! For some entrepreneurs, coming up with the concept for a new product or service is the most challenging part of starting a business. For others, it is all the complicated steps you have to take to get your business off of the ground. Drawing on my experience as a small business attorney, I’ve put together a list of 9 things you need to consider when turning your brilliant business idea into a money-making machine. Consideration #1 — What Does the Market Research Data Say? Your idea may seem like a winner, but will it...
Why Do I Need Liability Insurance for My Small Business?
After you’ve formed your small business, a critical next step is to determine the extent of your liabilities. As part of this process, you’ll want to perform a risk analysis to decide what types of small business insurance you need. While structuring your business as a LLC or corporation protects your personal assets from business-related lawsuits, the more assets your company uses, the greater its own liabilities will be. Insurance can help protect your business’ assets, making it a must-have for any new business owner. Drawing on my years of experience working with small business owners, I’ve put together...
Types of Intellectual Property Protection for Small Businesses
As a small business owner, creating unique value in the marketplace is how you stand out from the pack and gain a competitive advantage. If you’ve done any sort of marketing, you know that the key to a successful marketing campaign is to differentiate your business’ products or services from what everyone else is offering. What you might not know is that thing that makes your business so special could be intellectual property that your business is legally allowed to protect. Whether it be your business name or logo, a product that you offer in your store, or the secret...
What Is the Federal Trademark Process?
As an attorney who supports small businesses for a living (and a small business owner myself!), I know that intellectual property is one of the most essential and personal components of your business. You’ve worked hard to turn your ideas into a real, thriving business, and your intellectual property is the representation of everything you’ve accomplished. While the process for obtaining trademark protection can be challenging to understand, it’s essential that you register your intellectual property to keep it safe. This blog will explain the federal trademark registration process and how trademark law can protect your non-profit or for-profit business’...
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