DefinitionsLearn more about different products and legal terms before purchasing your templates.
This is a business structure with no separation between the owner and the business. All profits are reported on the owner’s personal 1040 tax return.
DBA, or doing business as, is your business’ assumed name.
An LLC, or a limited liability company, offers the flexibility of a sole proprietorship without the same risks.
There are two types of corporations: C corps and S corprs.
Tip: It varies state by state
A copyright is created automatically when you create a unique work
Patents are intended to prevent others from making, using, or selling your invention.
A trademark is a word, phrase, or symbol that distinguishes a source of goods.
A contract is a legally binding agreement between two or more parties to exchange something of value (ex. providing services in exchange for payment).
A service agreement is a document outlining the agreement between someone who provides services, like a graphic designer or virtual assistant, and their clients.
A contract template is a boilerplate or standard contract for you to use when hiring contractors, selling services or products, entering into a business relationship, etc.
By creating a liability waiver for your services or events, you can remove liability for those risks.
NDAs are for before you sign a service agreement.
Spoiler alert: An independent contractor is not the same as an employee!
There are 3 factors the IRS uses to compare an employee vs. a contractor
If you're an LLC partnership, the answer's yes!