In July 2009, Amazon discovered two of George Orwell's books had been digitally uploaded to its Kindle e-book store by a company that didn't own the rights. Amazon pulled the e-books from its site and remotely deleted copies from customers' Kindles without notice. The retail giant did refund the purchase price, but Kindle users likened the remote deletion to Amazon coming into their homes, taking a purchased book from their bookshelves, and leaving a few dollars in its place.
Dec 9, 2013 - 5:35PM
Entrepreneurs’ Business Confidence Rises Despite Economic Uncertainties
Dec 9, 2013 - 5:31PM
Entrepreneur Confidence Reaches Highest Level in History of Kauffman/LegalZoom Index
Dec 9, 2013 - 5:25PM
New LegalZoom Survey Reveals Legal Protection on the Rise
There are a lot of ways to fund your startup business, and all of them require savvy planning and careful execution. Here’s easy-to-understand, practical advice on the daunting task of determining the value your business before approaching potential investors.
Valuing a start-up business is like valuing a work of art…beauty is in the eye of the beholder. The “artist” (startup founder) thinks the company “must be” worth at least $10 million. The “appraiser” (potential investor’s accountant) finds the company’s “book value” to be $500, but thinks it’s probably worth only $399, so a 50% stake should cost $200. The investor usually values the company somewhere between the two.
As you can see, valuation of a startup, is the art of convincing investors of the potential value of a million-dollar idea with hard numbers and real research.
If you’ve never heard of a trust mill, consider yourself lucky, but also be weary. There’s a growing segment of trust “advisors” trying to convince unsuspecting Americans to transfer their investments into riskier ventures. Here’s what you need to know and what to do about it.
In 2005, then California Attorney General Bill Lockyer and Insurance Commissioner John Garamendi filed a $110 million lawsuit in Los Angeles Superior Court against an alleged trust mill. The company was suspected of duping senior citizens into buying annuities with their retirement investments, which then earned substantial commissions and fees for the advisors in the process.
Patents: they're the building blocks of innovation. But there are a lot of things a patent can't do. Here's a primer on how (and why) they actually work.
When we think about patents, most of us conjure up the ghost of Thomas Edison (who had nearly 1,100 of them) or perhaps Benjamin Franklin, who, despite being an avid inventor, held zero. We create in our minds the image of inventors working by lamplight, sketching, figuring, building and then selling their inventions.
You’ve filed the articles of organization, but defining the way your LLC will operate has just begun. An operating agreement defines how your business will function and operate, and there’s no such thing as a “one size fits all.” Here are four key questions to consider when establishing the details of this key document.
When setting up a new LLC, it’s fairly easy to properly prepare and file the Articles of Organization to get the company formed. The real legal challenge is in defining how your business will function and operate. That’s the purpose of an operating agreement. The operating agreement sets forth the internal rules for governing a limited liability company, including the respective rights, obligations, and duties of its members.
Although many unused frozen embryos left over from IVF treatments are destroyed, some are being put up for adoption, so to speak, for couples who desire to go through a pregnancy and birth on their way to parenthood. Is this even legal?
The increased use of in-vitro fertilization (IVF) in order to artificially conceive a child has brought about an interesting side effect—large depositories of unused frozen embryos. In response, some fertility clinics and adoption agencies have taken the lead in finding new homes for such embryos by allowing their owners to put them up for adoption. More and more, couples hoping to start families are taking part in this embryo adoption process.
Building everything from machine parts to human parts, 3D printing is turning the manufacturing industry on its head. A difficult process to imagine, 3D printing builds three-dimensional objects out of “nothing” right before your eyes. The process offers several solid advantages over traditional manufacturing.
When people talk about “printing,” they usually mean the application of ink, toner, or some other contrasting substance to paper or other surface, such as clothing. The result, typically, is a two-dimensional representation of text or images, such as a document or photo.