Intellectual property plays a substantial role in American business. In 2019, the U.S. Patent and Trademark Office reported that 44% of employment depended on IP-intensive industries. Intellectual property encompasses your creative ideas, inventions and brand identity...
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FAQs about starting a business
Indiana, with its business-friendly environment and vibrant economy, has become a hotbed for budding entrepreneurs. In fact, the U.S. Census Bureau reports that there are over 430,000 businesses in Indiana. Whether you're drawn by its strategic location in the...
Reasons businesses should remember charitable giving
In the world of business, success is not just measured by profits or growth rates. A truly successful business also considers its impact on the community and the broader society. According to America's Charities, businesses donate about $5 billion each year. Why...
How can you protect your business from cyber threats?
In the rapidly evolving world of technology, the importance of cybersecurity for businesses has never been more necessary. Every day, cyber threats continue to grow in sophistication, posing an increasing risk to the security of business data and systems....
What are the benefits of LLCs?
When starting a business, the first thing you need to do is decide what you want the structure to look like. For many business owners, an LLC will prove beneficial. It has numerous plus points that make it popular with smaller businesses or first-time owners....
Choosing the right formation for your new business
Selecting the appropriate formation for your new business in Indiana is an important decision that can have long-term implications. The formation you choose will determine the legal and financial structure of your business. Between a sole proprietorship, partnership,...
When can you be personally responsible for your LLC’s debts?
Starting a business venture is always a bit of a gamble. If your business eventually fails, though, you do not want your personal wealth to be in jeopardy. According to reporting from Yahoo!, protecting personal assets from the business's creditors is one of the more...
3 mistakes to avoid in business contracts
Contracts may not be anyone's favorite thing to deal with, but ironclad agreements serve as protection when doing business. However, many companies rush the process and leave terms unclear or missing. Being careless with contracts can be costly, as in the example of a...
3 reasons why many small business owners form LLCs
The United States is a land rich in businesses, small, medium and large. According to the U.S. Census Bureau, it was home to almost eight million small ones in 2022. When starting a small business, one of the major decisions entrepreneurs must make is what kind of...
How can you create solid business contracts?
As a business owner, a large part of running your operation involves forming ongoing agreements with employees, suppliers and customers. For this reason, creating business contracts is something your organization likely does on a regular and ongoing basis. According...