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The Legal Side of Independent Design Practice

GD145 Professional Design Practice
by

Lisa Langenhop

on 26 March 2013

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Transcript of The Legal Side of Independent Design Practice

The Legal Side Decide to Start
a Business Next Step.... Contract work only
1099 tax arrangment
Required to record income
on personal taxes
Unincorproated Independent
Contractor File the right forms : http://business.ohio.gov/starting/ Get Legally Situated Any intellectual property is "copyrighted" at creation to the creator. Writings and artworks all fall under this category. Brand Yourself! Sales and Marketing! Sole
Proprietorship LLC Choose Your Business No registration/fees required
Owner and company are
considered one and the same
Required to record income
on personal taxes
Some states require a
business license
Credit and loans are based
on the owners'
A partnership is similar,
but involves multiple owners Must register with the
State and pay the fee
Liability and assets are separated from the owner
Required to file taxes
under a unique tax ID
Credit and loans are based
on the business history Articles of Organization
Register with the IRS for a Employer Identification Number
Register with the Ohio Department of Taxation for a
Commercial Activities Tax and Vendor's License Choose a Business Name Make sure it is available! http://www.sos.state.oh.us/SOS/Businesses.aspx Open a bank account With your new EI number, open a second personal account or a small business account.
Use this account for all business transactions and only business transactions. Copyright Designs, slogans, names, and symbols fall under this category.
Designates others that the product's name and design are the company's property.
Does not legally protect the mark Trademark Registered with the US Patent and Trademark office.
Legally protects against unauthorized use.
Lasts for 10 years without interference
http://tess2.uspto.gov/bin/gate.exe?f=tess&state=4003:lwr76h.1.1 Registered Trademark
Full transcript