Explain three reasons why an llc is a good choice for them

Assignment Help Other Subject

Reference no: EM133471996

Discussion Post

Max and Marilyn have pooled their savings to create a start-up company to develop and market an invention they have created together. At this point their invention is a secret widget they have not shared with anyone. So here are the facts of where they are at this point:

1. They know they want to have a business together to develop and market their widget. They are considering forming a Limited Liability Company (LLC).
2. They have a business name selected which is unique according to their research.
3. They also have chosen a unique name for the widget.
4. They have designed a logo for the business.

Task

Question A. Explain three reasons why an LLC is a GOOD choice for them for organizing their business.

Question B. Identify and recommend two types of intellectual property (IP) they can secure in the United States for their widget and for each IP include the following:

a. Definition of the IP;
b. The benefit of the particular IP and the kind of protection it provides;
c. Length of time the IP protection will last; and
d. The U.S. government agency that issues and/or otherwise oversees the IP.

Reference no: EM133471996

Questions Cloud

Explain the steps of respiration-glycolysis-fermentation : Explain details of each of the following steps of respiration: glycolysis, fermentation, the Krebs (Citric Acid) cycle, and oxidative phosphorylation.

Discuss how children develop within an ecological system : Describe and discuss how children develop within an ecological system and are influenced by the numerous factors of socialization including family

What strategies would you suggest to improve on : what strategies would you suggest to improve on? Give concrete details of your inventory management plan

What geographic areas the fossil evidence : What geographic areas the fossil evidence for homo sapiens has been found, and describe what scientists have inferred regarding the preferred habitats(s),

Explain three reasons why an llc is a good choice for them : Explain three reasons why an LLC is a GOOD choice for them for organizing their business. The benefit of the particular IP and the kind of protection it provide

Describe the organization culture of global sport : PSY 368 GCU History and Organization of Sports - Describe a historical implication (how history has shaped culture and governance) of sport.

What were the key challenges that 3m faced : How and why did 3M decide to introduce initiatives that would add value to its business strategy and What were the key challenges that 3M faced during

Describe the treatment plan for your patient : Describe the treatment plan for your patient. Explain how this treatment works to attack and destroy cancer cells and why this particular treatment.

What organizational culture needs to be developed to become : Which of the organizational forms described in this chapter do you think leads to the highest levels of motivation among workers? Why?

User Account

All Pages