If you’re an entrepreneur or creative who wants a big life, not just a big job, Thrive Law will help you overcome the legal obstacles so you’re free to do what you love!
Thrive Law isn’t looking for one-night stands. The firm partners with creatives and entrepreneurs for the long haul. We invest time in you upfront so that when the honeymoon is over, you’ll know we get you and have your back. If you’re interested in a relationship with Thrive Law, give us a call and ask to schedule a business assessment.
What the heck is “The Creative Economy”?
YOU ARE THE CREATIVE ECONOMY.
The person with the brilliant idea who is willing to take a risk and bring it to life. The person with the paintbrush, the guitar, the potter’s wheel, or the glass studio. The person who brews beer or coffee or cooks up the world’s greatest barbeque sauce. The person who designs online experiences that excite and inspire. The person who creates photos and videos that capture the story behind the story. The person who uses social media ingenuity to triple business profits. The person who loses 100 pounds through discipline and perspiration and now envisions her own personal training empire. The person who creates extraordinary landscapes in neighborhood yards. The person who transforms food, hair, plumbing, or dog-walking into art. You.
When you were 7, your lemonade stand drove every other kid in your neighborhood out of business. When you were 16, you didn’t just cut lawns on the weekends; you owned a truck, a trailer, and employed 8 of your best buds.
Math only made sense when you applied it to playing your guitar. Your doodles were better than your essays. You make coffee at midnight so you can keep writing until dawn.
Are you a web design wonder? A social media maven? A technology titan? A brilliant beer brewer? A creative cook? A publishing paramour? Or are you a plumber with passion? A roofer with rhythm? A physician with flare?
Latest News from the Blog
One of the primary reasons business owners set up corporations and limited liability companies (LLC) is to shield their personal assets from debts and other liabilities incurred by the business.
Indeed, corporations and LLCs exist as separate legal entities from their owners, meaning the business itself can acquire assets, enter into contracts, and take on debt. In turn, if a corporate entity is unable to pay its debts, creditors are typically only allowed to go after the company’s assets, not the owners’ personal assets.
However, there are several circumstances in which business owners can be held personally liable for corporate or LLC debts. Sometimes business owners simply make innocent mistakes when running a business that leave them personally liable.
Other times, business owners take deliberate actions that expose them to personal liability, such as using the corporation to promote fraud, failing to observe corporate formalities, or even commingling corporate and personal assets. In any of these circumstances, a court can hold the owners personally liable for the debts and liabilities of the corporate entity. Lawyer types refer to this as “piercing the corporate veil.” Read more
Just about every business owner—whether they know it or not—has created some form of intellectual property (IP) during the life of their company.
IP is an extremely important part of your business. Indeed, valuation experts estimate that IP makes up 40% to 90% of the total value of some companies.
When it comes to IP protection, patents protect inventions and trademarks protect brand names, while copyrights protect a wide range of original creative output, including literary, musical, dramatic, and artistic works, among others.
For instance, if you’re the original creator, all elements of your website—written content, photos, graphics, audio, and video—are eligible for copyright protection. But if you’re not the original creator of these elements and don’t have the correct legal agreements in place, you may not own the work displayed on your company’s website. In an upcoming article, we’ll look into this topic more deeply, explaining how you can protect work created for you by someone else using work-for-hire clauses. Read more