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Patent protection vs. trade secret protection: a brief look at benefits, disadvantages, P.2

Previously, we looked at some of the basics of patent protection. As we noted last time, patent protection is certainly useful and valuable for what it does, but many businesses also make use of trade secret protection to ensure competitors are unable to benefit from valuable business information.

Patent protection vs. trade secret protection: a brief look at benefits, disadvantages, P.1

For businesses, protecting valuable business information from competitors is an important task that deserves careful, ongoing attention. This is particularly true for businesses in highly competitive industries where innovation is critical and the risk of losing employees to competitors is high.

A brief look at business entities in New York, their formation and dissolution, P.2

In our last post, we looked briefly at some of the basic characteristics of several types of business entities available in the state of New York. The business entities we mentioned last time—sole proprietorships, partnerships and LLCs—are increasingly complicated to form and dissolve, respectively.

A brief look at business entities in New York, their formation and dissolution, P.1

Forming a business is something that should always be done with careful planning and the best possible legal advice. Every business has different needs, of course, and selecting the proper entity type for a business helps ensure the business’ success. 

How can I protect my invention?

Inventors in New York and all over the nation are responsible for some of the most amazing innovations the world has ever seen. If you're developing an exciting and useful new idea, you are no doubt concerned about preventing your invention from being capitalized on by others. In this case, having protections in place early on is essential for keeping your ideas out of the wrong hands.

How to make the most of business setbacks

Even the best New York business owners face an array of challenges on a daily basis. Although it's impossible to completely avoid all potential setbacks, there are methods that can help entrepreneurs better navigate rough waters and come out successful. Our legal team at Cox Padmore Skolnik & Shakarchy LLP has helped business owners contend with a variety of issues. That's why we recommend the following tips, which can help turn a negative situation into a positive one.

Tips on finding the best employees for your business

Bright and talented workers are integral to any business's success. Here at Cox Padmore Skolnik & Shakarchy LLP, we know how many challenges New York business owners face on a daily basis. That's why we offer the following tips on finding the best employees, which can help entrepreneurs build a solid team just as passionate and accomplished as they are.

Which type of legal organization is best for my business?

If you are a Manhattan entrepreneur looking to get a business off the ground, you may be considering which type of legal organization is best suited to your enterprise. This decision can have many consequences, including just how much your business will pay in taxes. Accordingly, it's vital that you fully understand your options so that you can make the right decision.

What business owners must know when being audited

For Manhattan business owners, the prospect of an audit can extremely intimidating. Minor omissions or oversights may become much larger issues when reviewed by the IRS, which can jeopardize a business's chance of ongoing success. To this end, having the right information is crucial to mitigating the damaging effects of an audit.

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