Skip to main content

Posts

Showing posts with the label USA

LLP vs LLC: Which One Should You Go For in the US?

Limited liability companies (LLCs) are a form of corporation with its liability limited. It may be considered as a toned down version of corporations. Usually large LLCs get turned into corporations.  While corporation is a favourable business structure for high growth businesses, they also involve more paper-work and compels you to put more information about your company, in public.  That's why if you are just starting out LLP and LLCs are the most favourable business structure, until you achieve and are able to sustain a high revenue, growth rate and investments into your business. Limited liability partnerships (LLPs) are a favoured choice for business owners in the US as it has a unique way of combining key elements of corporations and partnerships and offers the best of both worlds for small businesses.  Although there are some mammoth businesses operating this legal structure, for example, consulting firms and law firms, these are usually the preferred choice of operation for

Decoding the Technicalities of the CAN-SPAM Act, 2003

Article by  Kshitij Kumar . Check out his LinkedIn to learn more about him. Editor’s Note: So your startup is on its way to create the next path breaking innovation . And, you need to tell everyone about it. So, what’s better than buying emails, right!?   I was working with a startup in the US who just had this bright idea! Although saner minds prevailed, that got me the thinking – most marketers may not know of the regulations governing marketing, in the US.   And, that’s nothing to be surprised about. While states are free to enact their own laws, the digital sphere has no boundaries – and that might affect well-meaning marketers from their digital marketing efforts.   And, that’s why – if you need to know the most important piece of legislation governing digital marketing , it is this.   And, in this article, Kshitij will decode all there is to know about the CAN-SPAM Act, 2003.

Legalities that New York Real Estate Developers Must Know Of

For being a real estate developer in the state of New York, there are certain generalised licenses and permits required. Further, there are certain special permits and licenses as well, required in certain cities or regions of the state. The purpose of this article is to lay down an exhaustive guide for real estate developers in the state of New York. Contractor’s License As was described in a nother article on real estate laws in the state of California , there is a requirement of a contractor’s license in the state of New York as well, for becoming a real estate developer.   Contractor’s license is essential in many states of the United States if someone wants to engage themselves with a business concerning with improving properties. Such a job would include those of construction, plumbing, carpentry, etc. This is why general contractors are also known as home improvement contractors. The license is provided by the Department of Labour, New York.   In the state of New Yor

Legalities that California Real Estate Developers Must Know Of

If you want to be a real estate developer in the State of California, there are certain legal obligations you must fulfil, not following which would lead in penalty. These legal obligations are related to licenses, permissions, workmen compensation, etc. and form the main topic of this Article.   In this article, I will be discussing in detail, the laws which a real estate developer in California must be aware of so, if you are an existing or prospective real estate developer then go through the whole article. License for being a real estate developer California, just like various other states in the United States, has licensing requirements for individuals who want to earn a living in the real estate development business. To be a real estate developer, you must get a contractor license for the trade. The procedural requirements, legalities and allied information in relation to the license has been discussed below – What is Contractor’s license? A contractor’s license is a licens

Marketing Regulations that Marketers Must Know (in the US)

Marketing is already an intensive job. With the ROI of any marketing campaign taking considerable time to show, a marketer has his plates full quite often than not. What makes it even more complicated is the growing scrutiny over data, which albeit a much needed trend, puts marketers even more in a worry. For example, the GDPR regulations affect marketers worldwide , with the only qualification being collection of data from EU residents. It seems that marketers in this day and age, has to be aware of both the revolving tech world and the legal world around them - which is why, I asked legal experts in the US - what are the legalities that marketers need to be aware of? And, I got some really interesting responses. Let's begin-

Patent Application Essentials to Keep in Mind (US Law): Recommended by Experts

Patenting is a prime concern for any inventor or business owner. There is a lot to know and understand when you try to patent any product or article, which is why patenting an invention by yourself is a very difficult task.   On the other hand, hiring an Intellectual Property lawyer in the US is very expensive. Bao Tran , a Patent Attorney and the founder of Tran Associates says –   “ Low cost options such as Legalzoom exist, but when you read the fine print, the cost is not low.  For example, Legalzoom at https://www.legalzoom.com/business/intellectual-property/utility-patent-pricing.html claims they can do a utility after spending $699 and $2500, but the fine line says they do 10 claims and 5 pages of specification.    The problem with doing the minimal is that 2 years from filing when the case is examined, if a prior art reference comes up and the differentiating details are not there due to the 5page limitation, the case is not salvageable.  That is why details are importan

Check These Due Diligence Essentials Before You Apply for a Patent: (US Law)

Patenting is a very costly process, particularly in the US. And, if your invention has a lot of potential, you need to patent it all across the globe so that some other brand does not capitalize by selling a knock off version of your invention.   However patenting an invention is no longer a very lucrative procedure for small businesses. This is because, a large chunk of applications get rejected. Plus, those inventions which are granted patent protection, face a constant threat of being challenged in the courts by the competitors.   As such, businesses are trying to keep their inventions hidden as trade secrets in this day and age. However not all inventions can be kept as trade secrets. Plus trade secrets, if leaked, can result in a disaster for the business concerned.   In order to make sure that the process does not result in a humongous waste of time and money, we asked the experts – “ What are the due diligence essentials that an inventor has to do before submitting his/h

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!