Many divorcing couples own a family business operated by one or both individuals. When it comes to separating assets it can be difficult to determine how to split the business. Separating interests in a family business is both a difficult and exhausting process. Luckily, state divorce law provides some general guidelines to assist in these matters.
There are many sound strategies to protect the wealth you and your family have accumulated over the years. If you have a closely held family business that you want to protect from creditors and estate taxes, your attorney may well advise the preparation of a family limited partnership agreement.
Let's face it, not every small business makes it in today's economy. Sometimes, a business simply isn't profitable enough to remain open. In other situations, the owner may no longer want to run a business due to certain circumstances. Whatever is the case, many small business owners are left wondering how to close down the business.
In recent years, Utah has emerged as a hotspot for small businesses, driven by a strong economy, business-friendly policies, and a growing population. However, recent legislative changes at both the state and federal levels have altered the landscape for small business owners in Utah. Understanding these changes is crucial for staying compliant, maintaining profitability, and protecting your business's long-term success.
Whether you're a budding artist, a small business owner, or a seasoned entrepreneur, protecting your intellectual property is crucial. Understanding the distinctions between trademarks and copyrights is essential in safeguarding your creative assets. This blog post will delve into the key differences between these two legal concepts and provide insights for Utah creators and businesses.