Planning in case of the death of a spouse is an unpleasant subject that many try to avoid. However, it is necessary to ensure that the death of your spouse will not come as a financial burden to you and your family. It is important to make note of important documents...
Wang IP Law Blog
UNDERSTANDING THE DIFFERENT TYPES OF PARTNERSHIPS
On Behalf of Wang IP Law Group, P.C. | Aug 12, 2015 | Wang IP Law Blog
In the business world, a general partnership is a form of business that has more than one owner. A general partnership can come with a great deal of liability. All partners in a general partnership are all personally liable for all business debts. For example, a...
LLC VS. CORPORATION
On Behalf of Wang IP Law Group, P.C. | Aug 12, 2015 | Wang IP Law Blog
When starting a business, choosing the correct form of business entity best suited for your company will be advantageous in the long run. There are two common business entities to consider, a corporation and a limited liability company. Corporations Corporations are...
LAST WILL VS. LIVING WILL
On Behalf of Wang IP Law Group, P.C. | Aug 12, 2015 | Wang IP Law Blog
There is a common misconception that last wills and living wills are essentially the same. Last wills and living wills, though similar in sound, are two entirely different pieces of documents serving different purposes. It is important to know the difference between...
CHECKLIST FOR CREATING A WILL
On Behalf of Wang IP Law Group, P.C. | Aug 12, 2015 | Wang IP Law Blog
Creating a last will and testament is an essential tool in outlining a person's wishes upon death and can protect loved ones from the stress of distributing assets without proper guidance. To get started, has compiled a will checklist of...
STATE TRADEMARK VS. FEDERAL TRADEMARK
On Behalf of Wang IP Law Group, P.C. | Aug 11, 2015 | Wang IP Law Blog
Trademark rights are obtained simply by having a distinctive word, phrase, or symbol that indicates a product. No registration is needed to have basic trademark rights under the common law. However, if the distinctive phrase or logo is gaining recognition, applying...
FAIR USE OR INFRINGEMENT?
On Behalf of Wang IP Law Group, P.C. | Aug 11, 2015 | Wang IP Law Blog
When a copyright is obtained, the owner has the exclusive right to use and distribute all copies of the material. Any other use of the copyrighted material may be considered copyright infringement. However, there are instances where the use of copyrighted materials...
ESTABLISHING A LIVING TRUST
On Behalf of Wang IP Law Group, P.C. | Aug 11, 2015 | Wang IP Law Blog
Setting up a living trust is an important part of planning the distribution of your estate. A living trust is a legal document that acts as a substitute for a will. If you have children, or specific people you want your estate to pass on to, setting up a living trust...
THE IMPORTANCE OF INTELLECTUAL PROPERTY IN BUSINESS
On Behalf of Wang IP Law Group, P.C. | Aug 10, 2015 | Wang IP Law Blog
Intellectual property is becoming an increasingly important business asset. Intellectual property refers to innovations in the form of copyrights, patents, and trademarks. Examples of intellectual property include novel inventions, artistic works, literary works, and...
INCORPORATING A BUSINESS
On Behalf of Wang IP Law Group, P.C. | Aug 9, 2015 | Wang IP Law Blog
When starting a business, it is important to research the different types of business entities to determine which one is best suited for your business. The most popular business entity is a corporation. Incorporating your business will make the business a legally...
