Discuss on Intellectual property and Business Associations and Clarence have pooled their savings to create together.At this point their invention. Is a secret widget they have not shared with anyone. So here are the facts of where they are at this point:
They know they want to have a business together to develop and market their widget, They are trying to decide if they should form a limited liability company or a C Corporation.
They have a business name selected that is unique according to their research.
They have a unique name for the widget
They have designed a logo for the business.
INSTRUCTIONS:
Write an essay that advises Corey and Clarence of the following
Explain the pros and cons of LL versus a C Corporation, and advise which of these 2 structures is the best choice for Cory and Clarence
Identify and recommend two types of intellectual property (IP) they can secure in the US for their widget and for each IP include:
A. Definition of the IP
B. The benefit of the particular IP and the kind of protection it provides
C. Length of time the IP protection will last; and
D. The US government agency that issues and/or otherwise oversees the IP
Your essay must include credible sources fully cites in APA format.
