Articles Posted in Entrepreneurship

Current challenges with intellectual property (IP) licensing infringement are largely driven by the explosive rise of generative Artificial Intelligence (AI). Whether your intellectual property is business software, streaming videos, music, or websites, the globalization of digital content and complex cross-border supply chains will subject it to adaptation and translation. The evolving development of IP licensing…

When you create a corporation to operate your business, remember that it is a separate legal entity under the law. You own it and receive the benefits from its successful operation, but it is accountable and liable for its actions, not you. Your position in the corporation as a director or officer carries fiduciary responsibilities,…

If you are involved in a family business, you have probably chosen a Limited Liability Company (LLC) as your company structure — registered with the state and governed by state laws. LLCs are suitable for many kinds of businesses where the business is formed by a few people who get together to produce a product…

Risk Metrics, at first glance, seems to be an oxymoron — two words used together with opposing meanings. Risk means uncertainty of an outcome, and metrics means measurable formulas to accurately predict outcomes. However, in business, Risk Metrics is the science of identifying potential risks to a business, evaluating the likelihood and impact on the…

Conducting due diligence is a common practice in the business and legal industries, but what is it and why is it considered necessary in establishing workable relationships? It is a comprehensive, systematic investigation of a business, investment, or legal partner to evaluate legal risks, verify financial data, and confirm operational realities before finalizing a deal.…

You received counsel from a business lawyer when you started your business, to draft the agreements, obtain the necessary licenses, and choose the right organizational structure. Now you are ready to expand your business to serve more customers and increase your profits. You are now an experienced businessman so you should be able to do…

If you are considering purchasing a business or a merger with another business, maybe you are thinking you can handle the whole transaction with one comprehensive contract. Something like Congress did with the One Big Beautiful Bill. Hold on. That is a bad idea for two main reasons. First, when the contract is completed and…

When business costs continue to rise, your first thought might be to look for expenses where you can make cuts to keep your bottom line profitable. This is a common scenario for all businesses, whether you are managing a startup or a public company. The choices are usually hard, because cost cutting can bring negative…

Has your company ever been denied access to banking or other financial services for any reason other than standard credit risk criteria, violation of terms of service, or excessive unexpected activity? Such practices are now illegal. This practice is called debanking and often occurs without a clear explanation to the customer, leaving individuals or businesses…

A U. S. Government Accountability Office (GAO) study, released in January of 2023 found that “Third-party litigation financing (TPLF) is an arrangement where a funder that is not a party to a lawsuit agrees to provide funding to a litigant (typically a plaintiff) or law firm in exchange for an interest in the potential recovery…