LAW 18B Chapter Notes - Chapter Ch. 36 Small Businesses & Franchises: United States Patent And Trademark Office, Limited Liability Partnership, Non-Compete Clause

• School: Long Beach City College
• Department: Business, Law
• Course: LAW 18B
• Professor: Professor Bernal

Document Summary

Most small businesses begin as sole proprietorships. Once the business is under way, the sole proprietorship may want to establish a limited partnership (lp), a limited liability partnership (llp), a limited liability company (llc), or corporation. Legal limited liability is generally necessary for those who wish to raise outside capital. If the business has employees, the owner must comply with a host of laws governing the workplace. Without copyright or patent protection, a competitor or customer could copy creations. A trademark cannot be the same as another"s mark or so similar that confusion might result. For the most protection, trademarks should be registered with the us patent & If the mark is federally registered, the owner may use the symbol with the mark. An owner who hasn"t registered can use the symbol . Trade secrets are information about product development, production processes & techniques, and customer lists.