In this episode of the podcast, Lisa Bonner shares her expertise on entrepreneurship and the legalities of starting a business. She emphasizes the importance of protecting intellectual property, trademarking, and copyrighting, and shares practical tips for allocating funds properly and finding the right lawyer. Her book, "The Legalities of Entrepreneurship," provides comprehensive guidance for entrepreneurs on starting their business and avoiding legal pitfalls. If you're an entrepreneur looking to build a successful business while avoiding legal troubles, this episode is a must-listen.
[00:01 - 07:37] The Legalities of Entrepreneurship
- Lisa Bonner Squire, an entertainment and intellectual property lawyer, shares insights on starting a business and educating yourself
- Lisa's book, "The Legalities of Entrepreneurship," helps entrepreneurs navigate legal issues
- An intellectual property lawyer deals with protecting the intangible assets of clients, such as music, art, and writing
- Lisa's journey to becoming an attorney is inspiring - she consciously created the life she wanted by working in a smaller firm instead of a larger one
[07:38 - 15:02] Protecting Your Social Currency
- Making a conscious decision to shift one's life paradigm and pursuing joy is ke
- Protecting intellectual property is crucial for entrepreneurs and creatives
- Copyright and trademark laws protect the writer of first use, but registering with the copyright office offers greater protection for damages
- Trademarking involves protecting a specific word or phrase in a particular class to avoid confusion in the mind of consumer
[15:03 - 22:05] Copyrighting and Trademarking
- Register an intent to use with the trademark office for squatter's rights
- Copyrighting is straightforward and less expensive than trademarking
- Copyright your content for non-commercial use and get permission for commercial use
- Uploading copyright is easy, go to copyright.gov and pay $35
[22:06 - 29:05] Intellectual Property Protection
- Taking a leap of faith can lead to amazing opportunities and experiences
- Educating oneself on legalities and entrepreneurship is crucial for success
- Allocating money properly and finding the right lawyer can make a difference in protecting one's business
- "The Legalities of Entrepreneurship" book provides guidance for entrepreneurs on starting their business, trademarking, copyrighting, and more
[29:06 - 42:05] Practical Business Advice
- "The Legalities of Entrepreneurship" book includes "Tea Time" sections with examples and best practices
- Conversational and easy-to-read advice on entity types, trademarks, copyrights, business insurance, funding, and hiring practices
- Seek professional help from attorneys and accountants
- A comprehensive resource for entrepreneurs to avoid legal pitfalls and build a successful business
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Tweetable Quote:
“Trademarking is often a right, a race to first use and first registration.” - Lisa Bonner
