“Intellectual Property” is a term for a certain area of the law, comprising of patents, copyrights, and trademarks. There are three types of intellectual property in the US, which are often confused with one another.
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A limited liability company (LLC) is a business entity that provides enhanced liability protection for the business owner, and the tax benefit of a partnership. Your LLC is created and governed by your specific state’s law, and it can have one owner or multiple owners.
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As creatives, we are trained to look for beauty, glitzy, attention-catching, but when business and creativity overlap, you can never fall for the illusion that shiny marketing can sometimes create: shiny doesn’t always mean real. If you want to build a solid foundation for your business and operate it successfully, every business owner needs three “advisors” on their “team”: the best accountant, the best lawyer, and the best advisor you can find.
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If you have a creative passion or hobby, odds are, you’ve likely considered seeing if you could turn a profit from it at least a time or two. And it’s worth the consideration- neither this business, nor Paige Hulse Law would have come into existence.