(800) 594-4480
Menu   

Keep it Legal Blog

How to Determine the Fair Market Value of a Small Business


Clients often ask how to determine the fair market value (FMV) of a small business. On one level, the goal is to establish a price that a willing buyer and a willing seller would agree to in an open and unrestricted market. There are a variety of ways to establish FMV, and the choice of valuation method depends on the business and the reason for the valuation. For example, let’s say you’re in a two person company and your partner wants to leave. They’ve offered to let you buy them out of their share, with the price being based on…

Read More

How to Avoid A Descriptive or Generic Trademark


The best way to establish a strong trademark is to create a brand name that is neither generic nor “merely descriptive”. In this blog post, I’ll explain what those terms mean and provide some tips on how to avoid running into these issues. The Perks of a Powerful Trademark Before diving into the details of avoiding descriptive or generic trademarks, let’s first explore the benefits of having a strong trademark. A robust trademark can serve as a powerful tool for businesses to stand out in the competitive marketplace and protect their brand identity. Some advantages of a strong trademark are:…

Read More

What to Consider When You’re Selling a Business


Last year, I wrote a blog post called “What To Consider When You’re Buying a Business“. But, of course, there are two sides to every transaction. Let’s take a look at the process of selling a business. This post won’t cover the financial or tax aspects of selling a business. There are a lot of good resources out there to assist with those issues (my #1 piece of advice here is to hire a good CPA). Instead, we’re going to look at some of the legal points on the checklist. As with buying a business, the first question to ask…

Read More

How to Use and Protect a Trademark for Apparel


When you’re trying to register a trademark for apparel in the U.S., there are some specific requirements. In my experience, many clients who are starting an apparel brand don’t know these requirements, and it can lead to trouble. The key issue is that in order to protect and register a trademark in the U.S., you need to be able to show that the mark has been used in interstate commerce in connection with the goods in the application. For some kinds of products, simply having the trademark (brand name or logo) appear on the product is good enough. But for…

Read More

Want to receive all the latest updates? Contact me today

Click Here

Receive updates from the Keep it Legal blog

I’m glad you enjoy the blog, and I’d love to keep you updated with all the latest legal tips and business law strategy news.

Enter your name and email below, and we’ll be in touch!