Back to our little soap opera. What dilemma is our start-up hero facing today? Last time, we discussed what it is that we want to sell: Handmade soap. The next question is: Does anyone need or want what you are planning to sell? Wow. Harsh reality hits fast and hard. Just because I want to … Read more
We get a ton of questions about “non-competes” at OGS. In legal terms, a “non-compete” is a specific kind of “restraint of trade” that is governed by Wis. Stat. Sec. 103.465. However, the type of “restraint of trade” that is right for you and your business may not be a “non compete” and could be … Read more
Last time in my soap opera, I discussed professionals that I would need to talk to before I started any soap business. I received a nice email from Gary Barber, a committed volunteer at the Madison Chapter of SCORE. He proposed that his first steps are not the professionals, but rather something else: My first … Read more
Disclaimer: This post is not legal advice (or about the law, at all) Happy (almost) Halloween everyone! Halloween is my favorite holiday, and for the last 25 years or so, I’ve marked it with an annual showcase of the timeless classic, “Garfield’s Halloween Adventure” or “Garfield in Disguise” (depending on your region). GHA is a … Read more
If you have heard me present lately, you will know that I have started to make soap. I have gone full nerd on it using graduated cylanders and all. It has been fun to build a new knowledge set, bust out my old chemistry and lab skills, and try out a whole bunch of fragrances. … Read more
Pizza Hut has my wife’s favorite pizza. Now, I’ve always loved “the Hut” – but I wasn’t a fan of the pizza until I met Kim. So, how can you love a pizza place but not really love its pizza? Its awesome trademark, obviously. Most companies utilize two flavors of trademark – a design mark … Read more
We’ve all seen the legal dramas on TV where the lawyers storm into court with vicious questioning and killer closing arguments. But in the real world, most disputes don’t end up in court. Many go to what is called “alternative dispute resolution” or ADR. The two most common of those are arbitration and mediation. Arbitration … Read more
Two weeks ago, we began a discussion about S-Corps and covered the basics. This week, we delve into a little more detail about why S-Corps can be a hassle for startup companies trying to raise money. The biggest single issue with S-Corps for startups is the “single class of stock rule.” In essence, this means … Read more
Last night, I had the great honor of talking with a Girl Scout troop about intellectual property so they could earn their intellectual property patch. After all, the founder of Girl Scouts, Juliette Gordon Low was a patent holder (make her trash can liner). We had to cover what patents, copyrights, trade marks and trade … Read more
S-Corporations are a popular form of business “entity”, but what does it really mean and are there special rules you should know about? In this post, we discuss the basics of S-Corps, and, in two weeks, we explore what an “S election” means for your business in the long run. S-Corp basics: First things first, … Read more