Crowdfunding

Exciting news from our friends east of Lake Washington came out last week! The City of Bellevue is developing a plan to launch a website that will take advantage of Washington’s new crowdfunding bill. The City’s goal is to provide local companies a new way to raise money from smaller, local investors.

What is crowdfunding?

As we’ve discussed in previous posts, equity crowdfunding allows companies to advertise to and raise investment from the “crowd,” i.e. the general public. This is significant because traditionally companies could only access capital from “accredited investors” (or high net-worth individuals) due to the SEC restrictions and compliance costs associated with raising funds from non-accredited investors.

With crowdfunding, non-accredited and accredited investors alike can invest in companies they believe…

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Owner disputes

It is no surprise that the LLC has become the most popular limited liability entity to form in the U.S. The flexibility afforded by the LLC structure is attractive to many entrepreneurs, especially small businesses. There’s one important step that owners of an LLC should not overlook: drafting the operating agreement. Today’s post highlights some of the main benefits...

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TM Search

When purchasing a small business, many buyers overlook one important aspect of the deal: transferring intellectual property rights. Typically, IP rights include copyrights, trademarks, patents, and other non-disclosure rights. I’ve highlighted three basic questions you should always ask before you purchase a small business.

Can you and do you want to transfer the business’ trademarks?

In some situations even if...

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Pizza

Suppose you came up with a distinct combination of ingredients that when put together in a dish create a unique flavor. Your customers have come to know your food based simply on this flavor. You’ve decided that you want to protect the use of this flavor so your competitors don’t confuse your customers with “knock-off” dishes. But can you...

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