There are many important considerations when entering into a joint venture. Some of the first things that should be considered are the character and philosophy of the businesses joining together. Before determining the logistics of the business combinations, it is important to make sure philosophies and motivations for running the business align. Failure to be on the same page regarding these topics can either make or break your venture’s success.

In April, we published a blog post titled “Changes in Overtime Laws are Coming.” Since that time, on May 18^th, 2016, the Department of Labor officially announced the publication of the rule updating overtime regulations. The changes will take place December 1, 2016, giving employers plenty of time to prepare.

In this post, we simply hope to update our previous post with specific information that was not available at the time.

No matter the size of your portfolio, there are several opportunities – and responsibilities – attached to each and every patent you hold. Different patents can play different roles in supporting your overall business strategy, possibly underpinning direct sales and licensing revenue simultaneously, depending on the business model of your company.

Previously in this blog we showcased Lafayette, Indiana and Indianapolis, Indiana as fast growing hubs for new startup ideas. Another city that may not always come to mind when thinking of a new startup hub, is Lansing, Michigan. Like Lafayette, Lansing hosts a Big Ten school that has recently put a strong emphasis on entrepreneurship, both for its students and the community as a whole. 

At some point in life, many of us will sign a “Power of Attorney” (POA) and designate one of our children to be our “attorney in fact.”  Or, perhaps we have been named as attorney in fact for our own parents.  Being designated as an attorney in fact means that you have the authority to transact business for the person who appointed you (the principal).