Definitions
Learn more about different products and legal terms before purchasing your templates.Business Setup
What is an LLC?
An LLC, or a limited liability company, offers the flexibility of a sole proprietorship without the same risks.
Do I need a business license?
Find out whether or not you need a business license in a few simple steps
What is a corporation?
There are two types of corporations: C corps and S corprs.
What is a sole proprietorship?
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.
Do I need business insurance?
No one needs insurance...until they really, really do.
Intellectual Property
What is a copyright?
A copyright is created automatically when you create a unique work
What is a patent?
Patents are intended to prevent others from making, using, or selling your invention.
What is a trademark?
A trademark is a word, phrase, or symbol that distinguishes a source of goods.
Additional articles
What is an Independent Contractor?
Spoiler alert: An independent contractor is not the same as an employee!
What is a liability waiver?
By creating a liability waiver for your services or events, you can remove liability for those risks.
What's the difference between an independent contractor and an employee?
There are 3 factors the IRS uses to compare an employee vs. a contractor
What is a Non-Disclosure Agreement (NDA)?
NDAs are for before you sign a service agreement.
What is a contract?
A contract is a legally binding agreement between two or more parties to exchange something of value (ex. providing services in exchange for payment).
Do I need an LLC Operating Agreement?
If you're an LLC partnership, the answer's yes!
What is a service agreement?
A service agreement is a document outlining the agreement between someone who provides services, like a graphic designer or virtual assistant, and their clients.
What is a contract template?
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.