How to use limited liability companies and limited partnerships by Sutton Garrett

Author:Sutton, Garrett
Language: eng
Format: epub
Tags: Private companies, Limited partnership, Limited partnership, Private companies
Publisher: Verdi, Nev. : Success DNA
Published: 2001-09-05T16:00:00+00:00

Garrett Sutton • How to Use Limited Liability Companies and Limited Partnerships

How does the management work in a joint venture LLC?

The flexibility of management structure is an advantage for joint venture LLCs. Rather than be subject to the more rigid requirements of corporate structure, the partners can structure management to be in sync with the business dynamics of the joint venture itself

CHAPTER ELEVEN

INTELLECTUAL PROPERTY AND LLCs/LPs

Over the last twenty years, the importance of intellectual property has increased dramatically. The rights to patents and trademarks, copyrights and trade secrets may now be viewed as a company's most valuable asset.

At the very least, any halfway sophisticated purchaser of a business is going to want to know the status of the company's intellectual property. You can be certain that if your company has been using its very catchy, memorable and desirable name and slogans for some time, but has failed to obtain trademark protection on them, the value of your company will be reduced.

So, if intellectual property is so valuable, how do you hold it and protect it?

Case Number 9 - Theodore and Ryan

Theodore and Ryan have an idea for a terrific franchise opportunity. Theodore has developed patented exercise equipment that allows weary travelers to overcome the lethargy of jet lag. Ryan

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