What you need to know about businesses with intellectual property.
In this episode of Coffee with Carl, attorney Carl Zoellner looks at how to approach intellectual property.
Got IP?
No.
I’m not talking about some computer hacker lingo, and while this may not apply to a lot of you, intellectual property is something that I get asked a lot about.
How do I structure my Business that has Intellectual Property
If you have some intellectual property within your business or maybe you’re acquiring a business that has some valuable intellectual property, there are a couple of ways we would suggest working with it.
Firstly, we like to split out the valuable assets from the active business. This way we can use the same concept with intellectual property. If I have a valuable piece of IP, then I can actually split that out, and put it in a different business entity than my active business– leasing it, either back …