An important consideration for all businesses is to determine a strategy for protection the intellectual property of the business. There are four main ways to protect your intellectual property: patents, trademarks, copyrights, and trade secrets. A mixture of these methods can provide excellent protection for a company's intellectual property. The following article briefly explains each strategy available to protect your IP. "How to Protect your Company's Intellectual Property" by Nate Kelly. However, you should discuss which strategies will best protect your company's intellectual property with an attorney. Please note that this article is not intended as legal advice.
One dilemma that both businesses and individuals must face is how to prepare an estate plan to manage their assets after their passing. Recently, there has been a movement for the creation of Living Trusts or Revocable Trusts in lieu of a Will. However, when deciding whether a Living Trust or a Will is the best option for you there are many factors to consider. Some of these factors include what state probate will occur in, the cost of a Will versus the cost of creating a Living Trust, as well as tax consequences for each option. Each individual and business will need something different but the following articles provide a good explanation of the differences between a Living Trust and a Will. These articles also include some considerations in deciding between a Living Trust and a Will to help you determine which may be the better option for you. Please be advised that any information provided herein is not intended as legal advice. Further, in order to create the best estate plan for your situation you should always consult an attorney. Finally, all information provided is intended only for those residing in the state of Texas or those seeking legal help within the state of Texas.