Collateral and Loans

March 12, 2015

Using the Right Collateral with Your Loan Borrowing money to start a business can be a risky move, but it can also be a very smart decision if you have a good enough plan in place. Prior to applying for a business loan, it is important that you talk to lenders and find out all of the best options available to you. This can help you find the best rates and also ensure that you get the best deal. More importantly, it can help you determine what to use as collateral on your business loan. What Are Some Options...

New Medical Practice

March 05, 2015

Setting up A Professional Practice: Medical and Dental Professionals Whether you are an all-purpose physician, pediatrician, dentist, or any other doctor, there are plenty of advantages to starting your own private practice. Not only does this give you the freedom to work with who you choose but it also gives you the flexibility to work on your own schedule. Despite this, it is important to realize that starting a professional practice is just like starting any other business, which means you need to make a profit. Remember You Are in Business One of the biggest challenges professionals run into...

Articles or Certificates

February 26, 2015

Articles of Organization or Certificate of Organization? Starting a new business is like embarking on an exciting adventure, however, you don't want to get so caught up in the fun, creative stuff that you neglect the more mundane but very important details. This includes the filing of certain documents, and which ones you need often depends on the state and the type of business you are opening. If your business happens to be in Massachusetts, two types of documents you need to be aware of are the articles of organization and the certificate of organization. Determining Your Business Type...

Best Business Practices

February 19, 2015

Using a Term Sheet – Following Best Business Practices Starting a new business deal can take a lot out of you. Unless the unheard of happens and both parties are on the same page to begin with, there are many different factors that come into play. Both parties need to make concessions and negotiations can drag on for weeks, months, or even years. Before you consult with a business attorney to draw up a legal contract, it is important that both parties can agree on the terms. This ensures that you don’t spend more than you need to on...

Promissory Notes

February 13, 2015

Promissory Note: Is It Right For Your Business? Setting up a business takes a lot of careful planning, but more importantly it takes just the right amount of funding. When going through the initial steps of establishing a new business, sorting through the different loan options and funding opportunities can be extremely confusing. Among those options, you may have heard of companies offering promissory notes as a way to put off large bills. So, what exactly is a promissory note? What is a Promissory Note? Put most simply, a promissory note is a financial instrument where the issuer promises...

Getting a Loan

February 05, 2015

Secured vs Unsecured: Getting the Right Loan Funding a business is oftentimes the most difficult part of getting started on your own. Though everyone dreams of the angel investor, the reality is that many people simply do not have access to this type of contribution. Instead, the best approach for most new businesses is to look at securing the best business loans to ensure they can get started. What is a Secured Loan? A secured loan is a type of loan you can receive by putting up some of your assets as collateral. This could include a car that you...

Non Compete Agreement

January 28, 2015

Is a Non-Compete Agreement Enough? With such a competitive business atmosphere today, many employers are finding it more difficult to protect all of their systems. A non-compete agreement was designed to ensure that all of your information and systems remained confidential while ensuring that your employees could not simply leave and take a chunk of your business with them. The question is, when more sensitive matters are concerned, is a non-compete enough? What Are Your Options? Most often, a non-compete agreement is used by a business to ensure that you can protect a trade secret from being revealed. Keeping something...

Way to Protect Your Business

January 22, 2015

Copyright, Trademark, or Patent: Which is it? There are a variety of legal ways to protect your business from competition, but sometimes sorting through those options can seem like a difficult task. One item might require a copyright, another a trademark, and still another a patent. Whether it’s a new design, creative process, system, or any other variety of creation, it is important that you properly protected yourself. Before looking at getting a business trademark, copyright, or patent, it is important to understand which one actually applies to each type of creation. Copyright the Creation Copyrights are necessary more often...

Understanding Copyrights

January 16, 2015

Understanding When You Need to Copyright Protecting your creative works can sometimes seem like a difficult task. With all of the different legal methods and strategies in place, the average business owner can’t make heads or tails of what type of protection to get on which product. There are trademarks, patents, trade secrets, copyrights, and all manner of other terms that are thrown around, but knowing which applies to what type of process can make your head spin. When it comes to getting a copyright, the first step is knowing what it protects. Having the Unique Features The eight separate...

Trade or Patent

January 09, 2015

How Should You Protect Yourself: Trade Secrets or Patents? There are a variety of ways to protect your secrets and inventions, but it helps to understand the difference in how they work. Two of the most popular ways to keep a method or invention safe are trade secrets and patents. Though a trade secret can be kept for an indefinite period of time, it offers limited protection on inventions that might be duplicated legally. On the other hand, a patent offers much more comprehensive protection, but it can only be used for specific inventions. Before consulting a Boston business...

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