As a business owner, you know how critical it is to build up your brand’s reputation and market recognition. You work hard to cultivate an image that will appeal to your customers. So what happens if someone starts selling products or services under your brand name or logo? What if a competitor copies your product designs or marketing materials?
Trademarks and copyrights work to legally stop these nightmare scenarios from happening by protecting your intellectual property rights in different ways. Your intellectual property or brand could be your most valuable asset. We’ve already discussed how important trademarks are to businesses operating on Amazon and beyond. If you don't take steps to protect your IP, your hard-built business faces danger from copycats looking to cheat their way up.
Depending on the type of business you have, you may need a trademark, copyright, or both to protect your most important IP assets. But the laws around IP protection are not always straightforward. That’s where a knowledgeable business trademark and copyright lawyer comes in to help simplify and streamline the process.
By working with an experienced attorney, you can avoid losing hundreds of dollars and months of time to an incorrect trademark application or copyright registration. Plus, you get to rest assured that you’re taking the right steps to secure the future of your business.
At some point, it's probably inevitable that your small business will need financing in order to grow. One option is to investigate the Small Business Administration (SBA) programs, including the 504 Loan Program. Whether you need startup funding or capital to run and grow your already established business, this program might be just what you need.
So you want to purchase a company or business asset. Buying a company is an exciting venture and you may have high hopes for growing and expanding your business.
But buyer beware: before signing the dotted line, you absolutely must do your due diligence.
A deal that looks promising from the start may have hidden issues that can cost you thousands if not millions of dollars after you complete the purchase. Doing the proper due diligence into a company’s background and operations can save you from experiencing major problems and liabilities down the line. If you fail to do your due diligence, those issues can ultimately overshadow the value of the asset you just purchased.
At Holmes Business Law, we take due diligence seriously because it means protecting our clients. While you can and should do your own due diligence, it’s important to hire an experienced business lawyer to make sure you’re totally covered.
Sarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way. When you're looking for a business lawyer in Philadelphia, the Main Line or New Jersey, we can help.