Warning! Do You Have An Ownership Interest In A Business?If so, then you need to know about the new reporting requirement of Beneficial Ownership Information under Federal Law. The Corporate Transparency Act (CTA) was enacted by Congress in 2021, and it mandates the disclosure of beneficial ownership information. The law aims to prevent misuse of legal entities for illicit activities …
You have probably heard of a Nonprofit Corporation, but have you ever heard of a Nonprofit Limited Liability Company? Over the last several years I have seen numerous times where people intending to form a nonprofit and seek recognition from the IRS as a 501(c)(3) have mistakenly started by forming a Nonprofit Limited Liability Company (“NPLLC”). A NPLLC and a …
After decades of debate and controversy, the legal and regulatory realm of college athletics has now experienced a major shift regarding compensation for student-athletes. This shift has left many wondering exactly what this means for the future of college athletics. In June of 2021, the Supreme Court ruled on this longstanding issue in the case of National Collegiate Athletic Association …
When you are building your business and beginning to hire employees, one of your biggest concerns will be developing a team of like-minded individuals who are committed to protecting your intellectual property and representing your brand in the best way possible. One of the most critical ways to do this is to implement protocols and policies designed to encourage compliance. …
When forming your business and setting up all its aspects, you may have certain secrets or things you wish not to be shared outside the company. These things usually play an important role in the operation of your business and may give you a competitive edge. However, once you begin hiring employees, these secrets are at risk of being exposed …
As a small business owner in Tennessee, there may come a time when you decide to sell your business. The process may seem as if it will be easy. You find a buyer, they pay you money and the business is sold. However, it is not that simple. There are actually numerous things you have to do to prepare for …
Female entrepreneurs face unique challenges compared to their male counterparts. If you’re a female business owner you’ve likely been hard at work to stay competitive in the male-dominated industry. One way that female entrepreneurs are able to stay competitive is by becoming certified as a WOSB. After receiving certification you can compete for social and economic opportunities to help your …
If you are in the beginning stages of starting your own company in Tennessee, chances are you have already begun researching what you can do to protect your intellectual property rights. Failure to take precautionary steps against copycats and thieves can significantly increase the risks of your product or service being replicated and registered by someone else. Fortunately, following the …
If you are a writer, composer, artist, software developer, photographer or other creative person living in Tennessee, you should obtain copyright protection for your creations so that other people cannot use them without your permission or make false claims that they created them rather than you. Obtaining protection from the U.S. Copyright Office protects your intellectual property. You can only …
For many entrepreneurs in Tennessee, the thought of starting a business from an original idea is met with great excitement and anticipation for the future. Developing a concept from an idea to an actual product or service requires an immense amount of time and dedication. One of the biggest risks that entrepreneurs face is being able to protect their business …
