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Articles Archive for October 2008

Business Formations »

[28 Oct 2008 | No Comment | ]

WHAT IS A DBA?
DBA is short for “Doing Business As”, some states use Trading As shortened to T/A similar to the UK. It is also commonly known as an assumed name or fictitious name, these have to be registered with the county clerk or secretary of state.
A DBA is a name that is usually given to a business that you don’t want to incorporate just yet or you are sole proprietor who wants to give your business a name but don’t want it to be your legal personal name. For …

Probate »

[27 Oct 2008 | No Comment | ]

The thought of a loved one dying is hard to endure and the last thing you want to think about is applying for probate. Probate is the process that is initiated when a person dies to distribute the deceased estate to their families, friends and charities, these are called the “beneficiaries”, and to settle any debts for that person. It can, sometimes, become quite a complex issue, as each state has it own process of dealing with Probate.
Now if there is a Will the probate process becomes a little easier …

Wills »

[26 Oct 2008 | No Comment | ]

The last thing people want to think about while they are enjoying life, is there death and even less what will happen to everyone and your possessions. Your last Will and Testament is used to specify your last wishes, distribute property to your chosen beneficiaries and to name guardians for minors children. Having a will is the only way you can ensure what you want to happen after death is actually executed by someone.
If you have decided to do some estate planning, this is one of the most important elements …

Power of Attorney »

[26 Oct 2008 | No Comment | ]

A “power of attorney” is a legal instrument, which grants another person the authority to act as your legal representative, and to make binding legal and financial decisions on your behalf.
Types of Powers of Attorney
There are two types of powers of attorney. A “general” power of attorney is unlimited in scope and duration, and permits the named individual to act as your legal representative in relation to financial matters until such time as it is revoked.
A “specific” power of attorney imposes limits upon the named representative, and may restrict the …

Trademarks, Patents & Copyrights »

[26 Oct 2008 | No Comment | ]

When a person invents something, there is a risk that others will copy their invention.  To support and promote inventors work and prevent the inventors ideas from being stolen the government established patent laws that protected inventors’ rights. To register for a patent you must go through vigorous steps to prove that the product is worthy of being patented.
What Is A Patent?
A patent is a legal document that protects an invention from being used, copied, or manufactured by anyone other than the inventor.  The invention cannot be used without the …