Financial Benefits of Intangible Assets

UNDERSTANDING THE VALUE OF YOUR INTANGIBLE ASSETS (Part 2) [Read Part 1: What Constitutes An Intangible Business Asset?] COMMON FINANCIAL BENEFITS OF OWNING INTANGIBLE ASSETS Intellectual property can add value to a company in many ways. Some of the most common benefits of properly protected intellectual property include goodwill, license and franchise fees, royalties and…

What Constitutes An Intangible Business Asset?

UNDERSTANDING THE VALUE OF YOUR INTANGIBLE ASSETS (PART 1) All too often, business owners become so involved in the day-to-day operations of their business that they forget to manage their intangible assets. Failing to properly manage and protect these assets may mean you leave money on the table when selling your business or limit your…

Understanding Copyright Basics

Business owners often consult me because they want to “copyright a name” or “copyright an idea.” Similarly, individuals call me hoping to pursue legal action against someone who has supposedly “infringed” or “stolen” the individuals’ ideas. Unfortunately, neither can be done. COPYRIGHT PROTECTION A common misconception exists that names for businesses and ideas can be…