Skip to main content

Posts

Showing posts with the label USA

Legalities You Must Know Before Starting a Company in the US

In the US, it is the states which have power to enact corporate laws. Companies incorporated in each state has to follow its own state law relating to its incorporation and operations. However, thankfully the situation is not that chaotic as appears in first glance. The Model Business Corporation Act, 2002 is used and followed by 22 states in the US. This helps promote uniformity and provides business owners and startup enthusiasts, a sense of clarity as to the law that applies to their organisation when their business operates in more than one state. Starting a corporation in the US is a great business legal structure . However, there can be some legal compliances involved. Read on to find out!

Trade Secret Protection in USA

What is a trade secret? Well, in layman's terms, it is pretty much anything, that - is secret, the owner tries to keep it secret, and it provides the owner with economic benefit by reason of it being secret. A basic example is that of an email list. A business spends considerable marketing efforts in order to grow its email list. This is usually confidential information.   Now, if the list is stolen by a competitor, the business can sue the competitor in order to stop it from using the list or disclosing it or if it is already out in the open, then seek damages from the trade secret infringer. Related Reads: How to Grow Your Email List Fast Data Privacy Laws in India that Businesses Must Know of Impact of GDPR on Marketers in the European Union and Outside The trade secret law in USA is guided via two separate statutes – The Uniform Trade Secrets Act, 1979, as amended on 1985 and a federal statute called the Defend Trade Secrets Act, 2016.    Earlier the trade se

Choosing your Business Legal Structure in the US: An In-Depth Guide

Article written by Priyanshi Trivedi . Edited by Sugandha Nagariya .  A lot of people dream of creating a startup. But very few think of how they should structure their business. Well, since you are reading this article, you deserve a pat on the back, as you've done the first step. Leave the rest to us. By the end of this article, you will know all the types of business structures out there, the pre-requisites to selecting a business legal structure and the pros and cons of each of the structures out there. Being an entrepreneur and being an employee in a business is a totally different thing. As an entrepreneur there lies many responsibilities, from brainstorming the product you will sell to analysing the demand and supply in market.  Each of these plans have to be done and you also need to considering various risk factors if you want to make your business successful and also fulfilling the needs of your consumers. Thinking of an idea and implementing it to star

How You Can Register Copyright in the US

Article by Pratibha Jha What is Copyright? Copyright also known as Author’s Right, is described as a legal term which means the right that creators have over their work that ranges from artistic to technical drawings. Copyright protects the original works of authorship, more specifically the ‘’form of material expression’’. Although copyright accounts as an intangible asset, it can only be protected if presented in tangible form i.e, by applying at the Copyrights Office of the concerned state. Concerning the US, registration is not necessary but it can be protected by fixing them into tangibles that are perceptible either directly or with the help of any machine or device. In this article, I will show you the importance of registering, procedure of registration, rights of the author, statutory advantages, and other relevant information which can be beneficial for filing for copyright towards your work or your start-ups. Why is it Advisable to Register for Copyright?