Without these 4 Vital Legal Agreements, Your Business Could be at Risk

When launching a new venture, business owners are sometimes so focused on drumming up dollars that they forget to do what is necessary to build a firm legal foundation on which to build a business that is ready for and will not be rocked by unforeseen legal problems or circumstances. The most effective bedrock for building a legally strong business is to ensure you have in place 4 key legal agreements that no business should be without!

Based on our own experience and the advice of many seasoned, successful entrepreneurs, below are the four core agreements founders need from the moment that brilliant business idea becomes a reality. Read more

Myth Busters: The Intellectual Property for Small Business Edition

Many small business owners fail to realize just how valuable their intellectual property is. Yet according to some valuation experts, intellectual property (IP) makes up between 40% to 90% of the total value of many companies. So, it’s extremely important that you identify your company’s intellectual assets and take steps to protect them!

However, IP is a murky area of law, and if you’re not educated about how things like copyrights, trademarks, and patents work, you might be at a huge disadvantage. To identify and secure your IP, schedule an appointment with Thrive Law today. In the interim, here are four popular myths about IP protection that we would like to debunk for you! Read more

How to Deduct $5,250 of Your Adult Child’s College Tuition as a Business Expense (Yes, You Read That Correctly!)

By Jamie Moore Marcario, Managing Attorney

With today’s tuition costs at astronomically high levels, paying for a child’s college education can feel like extortion. If your child is an adult, you may have decided that it’s up to him or her to pay for tuition. But if you DO  want to help your adult child (or grandchild) with college tuition, there are some ways to do it—at least part of it—TAX FREE! Read more