It can seem overwhelming to consider everything that goes into legally protecting your business – but it doesn’t have to be. We reached out to an expert in the legal ﬁeld to get three major tips for protecting your business and intellectual property, so you can ensure your business is protected legally in 2023 and beyond.
Small businesses’ intellectual property problems can be avoided or addressed by simple actions.
First– Identify your Intellectual Property (IP).
Second– Protect your.
IP Patentable idea?
Unique business name or logo?
Written and artistic works?
Third– Avoid Infringing Other Parties’ IP.
Trademarks. The ﬁrst trademark user in a type of business in a given territory has priority, subject to certain limitations. The ﬁrst user may stop later uses that are likely to create confusion, so it’s wise to be proactive:
Patents. Consult a patent lawyer immediately if someone alleges a patent infringement.
Advertisements. Direct copying of advertising text or photographs should be avoided. Watch over the work of employees and vendors to make sure any needed licenses have been obtained.
Please note that this article is not legal advice, and reﬂects views of the author, not the views of the Taft ﬁrm or its clients.
Stories of Ascension is back with 6 brand-new videos!
Click to watch, and learn more about a few of the incredible businesses that successfully navigated the pandemic with Ascendus.
Bakery on Maple creates unique custom birthday cakes, wedding cakes, corporate event cakes, or cakes for any celebration – committed to using only the ﬁnest and freshest ingredients in everything they make.
Through That Brown Girl Cooks!, Chef Kristi Brown, explores her inspirations, melds them with her experiences, and brings them back to the communities she serves. Debuting various products, events, pop-ups, classes, and media presences, she engages and inspires the community while connecting people with a wholesome and nurturing lifestyle.
Bettersweet Vegan Bakery is a vegan and gluten-free online bakery based out of Miami, serving artistic and delicious custom vegan cakes, cupcakes, cookies, mufﬁns, and cake pops.
No FICO minimum! This line of credit product is designed for African American small business owners ready to improve their credit and invest in their business. The Get Ready Line of Credit starts at $500 for the ﬁrst 6 months and grows to $5,000 with good repayment and completion of a credit action plan. Offered at 13.99%.
Free tailored credit coaching for all current clients that are interested in our Get Ready Loan product. Training sessions will include credit building, debt management tailored to long- and short-term goals, prioritizing debt repayment, budget assessment, and assessment for current credit building programs.
Supported by the Washington State Department of Commerce, the SBFF helps small businesses and nonproﬁts access funds at a competitive interest rate.
Supported by the Connecticut Department of Economic & Community Development, this fund links Connecticut small businesses and nonproﬁts to ﬁnancial support.
Ascendus is now offering loans up to $50,000 for licensed childcare businesses at a 9.99% interest rate. Qualiﬁed Businesses can be found nationwide, excluding Vermont. If you have been in business for more than three years, you can access up to $20,000 in fast-track ﬁnancing at the same interest rate within 48 hours. No paperwork is needed to apply.
Loans up to $15,000 in ﬁnancing for rideshare businesses are offered at 9.99%. Qualiﬁed businesses will be in CT, MA, ME, NH, NJ, NY, or RI. Or access a line of credit up to $10,000 in fast-track ﬁnancing at the same interest rate.
0% loans up to $50,000 with only $25 monthly payments for the ﬁrst 12 months for restaurants creating safe and equitable work environments for their employees.
One-on-one Personal Finance Coaching where and when you need it, available through our partnership with Trust Plus, a national nonproﬁt with three decades of experience.
The S.P.A.C.E. (Supporting Pandemic Affected Community Enterprises) Grant Program will prioritize helping small businesses grow, with a priority for industries that were most affected by the COVID-19 pandemic.
Looking for more business resources? Check out our curation of resources designed to help minority-owned businesses flourish.