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  1. Trademarks: Re: Multiple Trademarks for the Same Phrase

    Right...

    Otherwise the fruit industry would have been like, "wait a second, apples already exist!"



    So you think it's alright as a hand tool accessory?
  2. Starting a Business: Re: How to File Percentage Ownership of LLC

    Okay thanks.

    I am ready to sign and notarize an Operating Agreement giving me 35% and him 65%. I am wondering how would I protect myself in case he wants to sell his ownership someday? The company...
  3. Trademarks: Multiple Trademarks for the Same Phrase

    I just did a Trademark search for "Get A Grip" and there are multiple active trademarks with this name. I thought there could only be one?
  4. Starting a Business: Re: How to File Percentage Ownership of LLC

    Yes, I was reading about operating agreements. But when I look on the Florida Div. of Corporations website, there is no such document.

    Unless they want me to include it somehow as part of the...
  5. Starting a Business: Re: How to File Percentage Ownership of LLC

    I suppose it would default to a partnership.

    Now even if I elected to be treated as an S-Corp, wouldn't that only affect how I file my taxes and not the business structure/organizing documents...
  6. Starting a Business: How to File Percentage Ownership of an LLC

    Location: Florida

    I am trying to start an LLC where I am 35% owner and someone else is 65% owner. How do I officially record this?

    I have started many LLC's before, but I was always the only...
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    Patents: Re: How to Handle This Business/Patent Problem

    Okay, thanks. Yes, I understand there is a review process by the USPTO that may take 2 years or so.

    Can a patent be assigned while it's in the "patent pending" status? If not, can I apply for the...
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    Patents: Investment in a Patented Invention

    My friend has an idea for a product but no money to get started. I am considering investing by giving him money to make prototypes, apply for a patent, and hopefully start manufacturing.

    In...
  9. Federal Taxes: What Expenses Can Be Written Off Before Sale of an Investment Property

    I am "flipping" a house under an LLC. I bought it in 2017 and still own it. I know that the purchase price, material, and labor will all be "Cost of Goods Sold" in 2018 taxes even if they were spent...
  10. Business Ownership: Re: What Happens if Business Partners Disagree

    Yes, well I learned that the FLP will become a partnership upon death of both General Partners.

    The 4 limited partners of the FLP become 4 General Partners of a new General Partnership upon death...
  11. Business Ownership: What Happens if Business Partners Disagree

    My question involves business law in the state of: Florida

    Let's use a hypothetical example of a Partnership with 4 equal General Partners, each owning 25%. This business owns 10 rental houses.
    ...
  12. Asset Protection: Re: How Does a Family Limited Partnership Work

    Here's a question:

    What type of business entity does a Family Limited Partnership become upon the death of both General Partners?

    Does the FLP simply cease to exist and the assets are...
  13. Asset Protection: Re: Some Questions About a Family Limited Partnership

    Yea, I'm not really worried about him...

    I'm worried about his wife if he dies first.

    Any idea what happens to his (or his revocable trusts) portion of the LP ownership if he dies first? Are...
  14. Asset Protection: How Does a Family Limited Partnership Work

    My question involves estate proceedings in the state of: Florida

    My dad and his wife (not my mom) have created a Limited Partnership. They say that it's a Family Limited Partnership, but I can't...
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