What is the difference? A terms of use governs the use of the website. The terms of use allow the users to do certain things on the website, but also a list of prohibited behaviors. A terms of sale governs the sale of a product through the website. The terms of sale is an agreement … Read more
What is a terms of sale? A terms of sale is an agreement between the seller and the customer that governs the purchase of the product on the website. In the case of a dispute, the terms of sales will have information on the obligations of both parties. Is it necessary? A terms of sale … Read more
It is important to know what representations is made to buyers. A business should be careful what types of representations they make and make sure they are able to fulfill those representations. SUMMARY As a new business, you may want to make many representations to sell your product but there are certain types of representations … Read more
There are a set of corporate documents that should be archived when the legal entity is set up. These documents will be important as the business scales up and investors are sought. SUMMARY Articles of incorporation should be filed with the Secretary of State to set up an entity. By-laws and other resolution agreements are … Read more
There are many reasons to set up a business entity before starting to sell products. This article will explain the different types of businesses. SUMMARY There are 3 main entities: C-Corp, S-Corp, and LLCs. A business may be considered a sole proprietorship or partnership without the proper filings. See CONSIDERATIONS OF BUSINESS TYPES. CORPORATION Corporations … Read more