When I am speaking with a business owner about the opportunity to buy or sell a business operation the conversation always comes around to “What about the business has value?” It is easier to frame this question when looking at an existing business, but for start-ups or emerging businesses the question is still valid. Is it a unique thing that you make? A problem you solve? Knowledge you possess? Relationships you have built? A brand that you have built?
Each of those options are possibilities, or something else entirely. It could vary from business to business, or even within a business as it progresses through stages of development. The important thing for all entrepreneurs to remember is to do SOMETHING to protect whatever it is that creates value in the business. It could be a simple as insuring their own ability to perform a task. Or it could involve a long conversation about intellectual property, multiple agreements and legal documents. In a disturbing number of cases those specific steps just aren’t taken.
In our efforts to bring light to these issues, and to help small business owners avoid as many mistakes as possible, the Small Business Development Center is partnering with John Perkins and Doug Lineberry to present a workshop addressing these and other legal issues that small businesses face on a daily basis. Held in Greenville on Friday, November 30, “Small Business Legal Issues” will cover topics such as entity formation, employment agreements, non-disclosure agreements, protecting trade secrets, and intellectual property. John and Doug bring real-world expertise to the table, help entrepreneurs be aware of the challenges and opportunities in front of them. This is the real-world, every day, in the trenches kind of information that you just don’t find very often.
For more information or to register check out http://calendar.clemson.edu/event/small_business_legal_issues?utm_campaign=widget&utm_medium=widget&utm_source=Clemson+University#.UKa4FmfaDPk.