Own Your Genius with LaConya Murray
By LaConya Murray, Esq.
Join Attorney LaConya Murray each month as she and her guest share their entrepreneurial journey, tricks of the trade, and their secrets to getting out of their own way to succeed.
Inspired by her grandmother, the community bootlegger Attorney Murray‘s passion for helping entrepreneurs started early. Today she helps entrepreneurs throughout the country protect their brand, content, and ideas through trademarks, copyrights, and business development.
Own Your Genius with LaConya MurrayOct 21, 2020
152. What the End of Non-Compete Agreements Could Mean for Small Businesses and Startups
Ever felt like your career prospects were restricted by a piece of paper you signed when joining a new job? Explore the intricacies of non-compete agreements and their effects on both employers and employees alongside our host, Attorney LaConya Murray.
Learn about the recent developments in non-compete agreements, including the nationwide ban issued by the Federal Trade Commission. Uncover the potential impact of this ban on millions of workers and the legal challenges it may face in this episode of the Own Your Genius podcast 152: What the End of Non-Compete Agreements Could Mean for Small Businesses and Startups
In this episode, Attorney LaConya Murray discusses:
- Discover how non-compete agreements protect trade secrets, prevent competition, and retain talent.
- Gain insights into alternative strategies for protecting business interests due to changing regulations.
- Understand the potential effects of the non-compete agreement ban on startups and small businesses.
Let's start a conversation as we navigate the non-compete agreements and empower entrepreneurs to make informed decisions about protecting their business interests in this episode of how to Own Your Genius.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
151. 3 Tips to Avoid Copyright Infringement
We always say that while trademarks protect your brand's identity, copyrights protect your brand's voice.
Learn how to avoid stealing someone else's voice in this episode of the Own Your Genius podcast 151: 3 Tips to Avoid Copyright Infringement
In this episode, Attorney LaConya Murray discusses:
- The importance of understanding what copyrights protect and the rights they grant is essential.
- Why seeking permission is vital to avoiding infringement lawsuits.
- How to protect yourself against lawsuits when working with contractors.
Let's ignite a conversation about protecting your copyrights and how to Own Your Genius. Want to join the conversation? Head over to the MARKEDlegal community to chime in.
150. Does your Work Ethic Match your Dreams?
On this week's episode of Own Your Genius, we're diving into a discussion on dreams, work ethic, and breaking through limitations. Tune in with Attorney Murray for
some real talk about aligning your aspirations with your actions.
Join us as we explore questions like:
Does your work ethic match your dreams?
Are your dreams a reflection of your own limitations?
What happens when we dream without boundaries?
Let's ignite a conversation about reaching for the stars and how to Own Your Genius.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
149. Planning for Retirement with Financial Advisor Kenneth Laneaux
When should you start planning for retirement? Whether you're just starting to save or looking to optimize your retirement strategy, this insightful podcast with Attorney LaConya Murray will guide you towards financial success. Discover the importance of early retirement planning and strategies for everyone, even for late bloomers.
Learn about the benefits of diversifying your investments and maximizing retirement savings with our featured guest Financial Advisor Kenneth Laneaux in this episode of the Own Your Genius podcast.
Today’s episode discusses:
· The role of a financial advisor and how they tailor strategies to meet your financial goals
· Understanding investment options like IRAs, mutual funds, and the benefits of diversification
· Tips for business owners on setting up retirement plans for themselves and their employees
Tune in for great insight into how to Own Your Genius. Want to join the conversation? Head over to the MARKEDlegal community to chime in.
148. Which Should I Trademark, My Business Logo or Name?
How do you decide between trademarking a logo or a business name? Attorney LaConya Murray tackles this proverbial question in this episode of the Own Your Genius podcast.
Today’s episode discusses:
· The limitation on federal trademark registration protection
· The importance of protecting all aspects of your brand
· Practical tips for prioritizing your trademark registration needs
Whether you’re three trademarks in or just starting out, this is an episode you don’t want to miss! Tune in for great insight into how to Own Your Genius.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
147. Did Pepsi really lose their trademark to an influencer?
In this episode of the Own Your Genius podcast, Attorney LaConya Murray delves into a juicy legal tea surrounding an influencer, Cierra Mistt, and the rebranding of Sierra Mist to Starry by Pepsi. Remember, registering your trademark is just the beginning. Stay tuned for more legal nuggets and savvy business tips in future episodes. Don't forget to share the podcast with your entrepreneur squad and hit subscribe for more wisdom-packed content!
From trademark nuances to strategic business moves, here are three key takeaways:
1. How maintain your trademark registration
2. The rationale behind the Sierra Mist rebrand
3. The significance of an intent to use application for your brand's launch
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
146. The Legal Side of Email Marketing
In this episode of the Own Your Genius podcast, Attorney LaConya Murray delves into the crucial aspects of email marketing compliance, emphasizing the significance of obtaining consent, providing clear opt-in mechanisms, and respecting privacy laws. She highlights the potential consequences of non-compliance, including legal penalties and damage to brand reputation. Through insightful commentary and practical tips, Attorney Murray equips entrepreneurs with the knowledge needed to navigate email marketing regulations effectively, ensuring ethical and successful marketing practices. Tune in to learn how to safeguard your business while leveraging the power of email marketing to nurture genuine connections with your audience.
Today’s episode discusses:
- Compliance: Follow relevant email marketing laws like CAN-SPAM Act (US), GDPR (EU), and CASL (Canada). Understand associated requirements and penalties.
- Privacy Laws: Respect recipients' personal data and preferences. Don't share, sell, or rent their information without explicit consent. Maintain a transparent privacy policy.
- Consent: Obtain clear and valid permission from recipients before sending marketing emails. Inform them about who you are, what emails they'll receive, and keep records of consent.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
145. DEI must Die (at least in Alabama)
In this episode of the Own Your Genius podcast, Attorney LaConya Murray discusses the passing of bill SB129 in Alabama, which prohibits certain public entities from maintaining diversity, equity, and inclusion offices and from sponsoring diversity, equity, and inclusion programs. She reminds listeners of the importance of local elections and challenges business owners to be informed and engaged in politics.
Tune in to hear about the potential economic consequences of the bill and the power of small businesses to influence policies that affect their interests.
Three key takeaways from this episode are:
1. The passing of bill SB129 in Alabama may have economic consequences.
2. Elections have a significant impact on policies that affect small businesses.
3. Small businesses matter and have power. It is important to stay informed and engaged.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
144. Legal Essentials for Growing Businesses
In this episode of Own Your Genius podcast, Attorney Murray dives into the different phases of business while discussing the legal essentials for growing businesses. From the discovery phase to scaling, we cover the legal considerations every entrepreneur should be aware of.
Join us as we empower entrepreneurs to use their education and experience to create dope stuff and own their genius. Subscribe to the podcast and don't miss any insights into how to protect and grow your business.
Today’s episode discusses:
The different phases of business
What legal considerations should be made at each stage
The startling state of women business owners
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
143. The Trouble With Waiting
Attorney LaConya Murray drops some knowledge about why you need to trademark your brand ASAP. She warns about the risks of dragging your feet on filing a trademark, like getting into trouble with other businesses that use similar names or logos. She breaks down the difference between LLCs and branding and why they both matter for entrepreneurs. Murray also walks us through how to deal with trademark disputes and the drawbacks of relying on common law trademarks.
Today’s episode discusses:
· The role common law plays in trademark protection
· The risk associated with waiting to file
· Why you should drop the LLC in your brand name
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
142. Starting a Business After 40
Attorney LaConya Murray invites you to the Own Your Genius Podcast, where you can unlock your brilliance as an entrepreneur. Listen to episode 142 and discover how starting a business after 40 can be a great move, and how to conquer obstacles to own your genius. Don't miss an episode. Subscribe today.
Today’s episode discusses:
· The Advantages of Starting Businesses Later in Life
· How Passion can Take You Further Than You Think
· How to Overcome the Challenges Associated with Starting Later
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
141. Strong Brand Case Study: Slutty Vegan
Welcome to Own Your Genius, where we uncover the trademark journey of Slutty Vegan, a brand that started small and soared to success. Join Attorney Murray as she explores, the visionary behind this wildly popular vegan restaurant, Pinky Cole’s strategic trademarking journey.
If you're an entrepreneur ready to own your genius, this episode is a game-changer. Subscribe now for actionable insights and become part of the Own Your Genius community!
Stay inspired, stay consistent, and own your genius! Subscribe, rate, and leave a review for a dose of entrepreneurial wisdom. Your journey to success starts here with Own Your Genius.
Today’s episode discusses:
The importance of being strategic when registering your trademarks
How your intellectual property should grow as your brand grows
What consistency in branding looks like
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
This episode is proudly sponsored by Genius Insider, offering a legal subscription program with free consultations and document reviews. Visit GeniusInsider.co for more details.
140. Strategies for Building a Strong Brand
In this episode of the Own Your Genius podcast, Attorney Murray unveils strategies for building a resilient brand identity.
Discover the importance of conducting a comprehensive trademark clearance search and the pitfalls of waiting until your business is profitable to register. Explore the power of consistent branding and its impact on brand recognition.
Tune in for practical insights that will guide you through the complexities of trademarks, leaving you equipped to protect your brand's identity and own your genius.
Today’s episode discusses:
- The nuances of conducting a comprehensive trademark clearance search
- The pivotal role of early registration
- The power of consistency in branding
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
139. What Must You Believe
In this episode Attorney Murray delves into the challenges of keeping promises to oneself and offers practical insights to overcome them. She discusses the difficulties of showing up when motivation is low, handling the fear of disappointing others, and the importance of visualizing the end goal.
We want you to win! Tune in to learn how flexibility in goal-setting, emphasizes open communication with supportive individuals, and the right mindset will set you on the path for success.
Today’s episode discusses:
· What to do when you just don’t feel like it
· How to deal with disappointing other
· Visualizing your success
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
138. Changes Being Made to How We Classify Employees
Attorney Murray dives into the recent shifts in employee classification, sparked by Off The Mark's move to hire its first full-time employee. This episode unpacks the contrast between the relaxed approach under the previous administration and the nuanced considerations introduced by the Biden administration.
Murray outlines the six key factors now under scrutiny, emphasizing the move from a singular focus on control and profit to a holistic examination of the employment relationship. As the new rule takes effect on March 11th, Murray encourages small and micro-business owners to reassess team classifications for compliance.
Join us to navigate the evolving landscape of employee classification, understand its impact on your business, and share your thoughts on these regulatory changes. Tune in now for a concise exploration of this crucial topic.
Today’s episode discusses:
· The Reason for the New Classification Rule
· Six Key Factors in Classification
· The Need for Reassessment of Team Members Status
External links:
New Classification Rule- https://www.federalregister.gov/documents/2024/01/10/2024-00067/employee-or-independent-contractor-classification-under-the-fair-labor-standards-act
Launch Grow Scale Legal Audit - https://iprotectbrands.as.me/?appointmentType=29914384
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
137. Disney Will Sue You
In this episode, Attorney Murray discusses the history of copyright laws and how they relate to Disney. She highlights the cautionary tale of Katt Williams receiving a cease-and-desist letter for using the stage name 'Katt in the Hat'. Attorney Murray then delves into the history of copyright laws and explains how Disney successfully lobbied to extend copyright protection for their works. She specifically focuses on the case of Mickey Mouse and its entry into public domain. Attorney Murray clarifies the concept of public domain and the limitations of using works in the public domain. She also distinguishes between copyright and trademark protection. The episode concludes with key takeaways for business owners to avoid copyright infringement. Today’s key takeaways: Business owners, regardless of their size, should be cautious about using other people's intellectual property to build their business. Copyright and trademark protection are separate and distinct, and both may be necessary to protect intellectual property. It is important for business owners to be aware of copyright laws and the concept of public domain to avoid infringement. Want to join the conversation? Head over to the MARKEDlegal community to chime in.
136. My Plan for a Successful 2024
Welcome back to the Own Your Genius podcast! In this episode, Attorney Murray dives into a candid discussion about the transition from 2023 to 2024. She reflects on her unconventional approach to the new year, sharing insights into the power of revisiting old plans and adapting them to align with personal and professional growth.
Tune in for a thought-provoking and motivational episode that encourages a holistic approach to personal and professional success. Attorney Murray's unique perspective and practical insights provide a refreshing take on setting goals, planning for the future, and celebrating wins in the ever-evolving journey of entrepreneurship.
Today’s episode discusses:
Before you get a new plan, review the old one
Your personal success is just as important as your professional success
What you consume controls
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
135. Navigating Contracts as a Startup
Join us as Murray delves into the vital role contracts play in the startup ecosystem, offering invaluable insights on how to navigate the complex web of legalities effectively.
Discover the ABCs of contracts – from the essential elements that make them rock-solid to the diverse array of contract types that can shape your business destiny. Murray shares battle-tested negotiation strategies, revealing the secrets to understanding your value proposition, finding the perfect balance between priorities and flexibility, and building lasting relationships that stand the test of time.
Beware of the contract pitfalls! Uncover common stumbling blocks like vague payment terms, murky scopes of work, and the ever-dreaded intellectual property maze. Murray's expert guidance ensures you steer clear of these traps on your journey to success.
Worried about the cost of legal counsel? Fear not! Murray spills the beans on affordable legal options, from online platforms to law school clinics and subscription-based services.
Cap off the conversation with Murray's compelling case for legal counsel – from mitigating risks and making strategic decisions to achieving streamlined dispute resolution.
Don't miss this opportunity to revolutionize your startup's legal game! Tune in now and empower your business with the knowledge and strategies to thrive in the competitive startup landscape.
#StartupContracts #LegalStrategies #BusinessSuccess
Today’s episode:
Discusses the essential contract elements for startup success.
Provides understanding of the importance of balancing priorities, flexibility, and relationship-building.
Explores cost-effective legal counsel options for startups.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
134. Avoiding Legal Woes in Grinch-Themed Photos
Welcome to the Own Genius Podcast, where we dive into the intricacies of building businesses, growing brands, and owning your genius. In this episode, Attorney Murray breaks down the legal side of Grinch-themed photo shoots. She explains that using the Grinch name or character in photo shoot promotions is a violation of Dr. Seuss Enterprises' trademark rights. She also highlights the importance of trademark classes and how they determine the scope of protection.
Additionally, Attorney Murray delves into copyright protection for distinctive characters and the need for permission to use copyrighted characters. She emphasizes the revenue-generating potential of collaborations and licensing agreements.
Today’s episode discusses:
Trademark classes determine the scope of protection for a trademark.
Distinctive characters are protected by copyright, and permission is required to use them.
Collaborations and licensing agreements can be lucrative for intellectual property owners.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
133. How Does Your LLC Affect Your Trademark?
Welcome to the Own Genius Podcast, where we dive into the intricacies of building businesses, growing brands, and owning your genius. In this episode, host LaConya Murray takes us on a journey sparked by a Facebook post, exploring the intersection of LLCs and trademarks.
Tune in as Attorney Murray sheds light on how an LLC can impact your trademark and delves into the concept of intellectual property as a valuable company asset.
Whether you're an entrepreneur, business owner, or intellectual property enthusiast, this episode provides valuable insights into the strategic role of intellectual property in elevating your company's financial value. Subscribe, rate, and join the Own Your Genius community as LaConya guides you on a journey to build your business, grow your brand, and own your genius.
Today’s episode:
Clear Distinction Between LLCs and Trademarks
Intellectual Property as a Valuable Asset
Financial Impact of Intellectual Property
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
132. Does the Corporate Transparency Act Apply to Your Business?
In this insightful episode of Own Your Genius, your host, Attorney LaConya Murray, delves into the game-changing Corporate Transparency Act 2024, exploring its implications for businesses across the nation. As of January 1, 2024, corporations, LLCs, and various business entities must comply with new federal regulations requiring the disclosure of ownership information. But how does this affect your business? Let's break it down.
Today’s episode:
* Explores the Corporate Transparency Act.
* Explains the crucial reporting details
* Discusses relevant deadlines and exceptions
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
109. Murray's Law: How Tik Tok and Instagram Marketing Can Get You Sued
It’s business, nothing personal (and that might be the problem).
Tiktok trends and instagram reels are becoming the new ‘norm’ amongst social media, gathering the attention of many business owners and business coaches. They are tools that can help expand business outreach. When using these tools to grow your business, it’s important to make sure you’re not reaching too far. Warner Music recently sued Bang Energy. The crime? Copyright infringement. The weapon? Trending songs. As a personal account on social media it’s cool, fun even, to create videos using the range of sounds and songs they offer. Business accounts do not always have the same leisure.
Listen as Attorney LaConya Murray lays out the factors of multiple lawsuits and explains how they’re connected: media content gone ‘bad’.
131. 5 Tips for Crafting an Unforgettable Brand Name
Ever wondered what makes a brand name truly unforgettable? Join Attorney Murray as she unlocks the secrets to a great brand name. From the power of alliteration to the art of thematic exploration, she guides you through crafting a memorable identity that stands out in the competitive business arena. Say goodbye to descriptive and hello to a brand name that's a true reflection of your unique essence.
Today Episode Covers:
1. How to choose a brand name that rolls off the tongue and stays in the minds of your audience.
2. Why your brand name is not responsible for immediately informing the market what your business does.
3. How to engage in wordplay, explore thematic elements, and seek input to find a memorable brand name.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
130. How Your Mindset Shapes Your Business Success
Discover the hidden key to business success in our latest podcast episode: "How Your Mindset Shapes Your Business Success." As a seasoned business owner, Attorney Murray's learned that it takes more than just financial planning and innovative strategies to thrive. In this episode, she dives into the often overlooked power of mindset and how it influences every aspect of your entrepreneurial journey.
Today’s episode covers
- The Mindset Dynamo: Learn how your mindset fuels success by shaping your perception, decisions, and business trajectory.
- The Growth Mindset theory: Embrace failures as stepping stones and bridge the gap between believing and knowing with a powerful trick.
- How to Identify Self Limiting Beliefs: Identify limiting beliefs, dissect lies, and replace them with empowering truths for unwavering confidence
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
129. 5 Actionable Steps to Transition from Employee to Entrepreneur with Confidence
Learn the actionable steps to confidently transition from an employee to a successful entrepreneur. Today’s podcast reveals five crucial strategies to help you navigate the journey. Attorney Murray discusses not only the what but the how in this eye-opening episode. Gain confidence and set yourself up for entrepreneurial success with these essential tips.
Today’s episode covers
- The importance of knowing your numbers. Numbers aren’t just for math geeks. It’s essential for entrepreneurs to know where they are financially before launching their business
- Resources for market research. There’s no such thing as a saturated market. Just check grocery store aisle.
- Business planning. Having a written plan is like having a road map for your entrepreneurial journey. There may be some detours along the way but at least you know where you’re headed.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
128. Contracts and Collaboration: Ensuring Successful Partnerships
Uncover five essential considerations before entering a partnership, including shared vision, complementary skills, trust, defined roles, and risk assessment. Discover how these factors contribute to successful collaborations. Additionally, delve into four crucial contract clauses that can enhance partnership success, covering purpose and scope, contributions and responsibilities, profit-sharing, and termination. Learn how these clauses provide clarity and structure for effective collaborations. Don't miss this episode, where you'll gain valuable insights into building and protecting successful partnerships.
The top three takeaways
- Alignment of Vision and Goals: Ensure shared vision and goals with your prospective partner to establish a clear direction and purpose for the partnership.
- Complementary Skills and Resources: Seek partners who bring complementary skills and resources to maximize the partnership's value and capabilities. This ensures a well-rounded and synergistic collaboration.
- Written Contracts: Define and clarify each partner's roles, responsibilities, and ownership of intellectual property. This mitigates confusion and establishes a foundation for efficient decision-making and asset protection.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
127. Twitter Threatens to Sue Meta over Threads platform
Description Uncover the hidden world of trade secrets and the thrilling journey of leaving a job to start a business in the same industry. Imagine having access to confidential information that gives a business a competitive edge—formulas, processes, customer lists, and marketing strategies. These trade secrets are the lifeblood of success. But what happens when you decide to venture out on your own? Join us on this captivating episode as we dive deep into the realm of trade secrets, contracts, and the responsibilities that come with this bold move.
Main takeaways: 1. What trade secrets are and how to protect them 2. The top three contracts to review when leaving a job to start your own business 3. The importance of legal counsel when making the transition from employee to employer
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
126. Exploring the Opportunities that Come with Operating Your Business Online
In this captivating finale of our three-part series on safeguarding your brand online, Attorney Murray shifts our focus to the exciting opportunities that await entrepreneurs in the digital landscape. With her relatable storytelling and genuine passion, she reveals the untapped potential of running an online business.
Drawing from her own journey as a trademark attorney based in a small city, Attorney Murray shares how the internet became a game-changer. She vividly describes how it empowered her to break free from the confines of her local area and connect with a global audience. The mere click of a button unlocked a whole new world of possibilities, allowing her to expand her reach beyond her wildest dreams.
Listen to the final chapter of this three-part series as Attorney Murray underlines the impact this newfound market reach has on entrepreneurs who can now connect with customers worldwide, leveraging the internet's vast resources to drive growth and meet the soaring demand on an international scale. Throughout her insightful episode, she stresses the importance of implementing effective intellectual property strategies to protect and maximize these opportunities.
Main takeaways:
1. The Internet provides an enormous opportunity for businesses to reach a global audience and expand their market reach.
2. Online platforms allow business owners to establish and promote their brand identity, leading to recognition and a positive reputation.
3. Technology solutions like digital rights management offer opportunities to protect digital content and monetize products while preventing unauthorized access and distribution.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
125. How to Protect Your Intellectual Property When Operating Your Business in the Digital World
In the digital world, we always have the challenges: digital piracy, counterfeit products, domain disputes, and copyright infringement. In the other corner we have the solutions ready to ward off the digital evildoers to ensure your business is safe as operates in the digital world. Last week we discussed 4 challenges today we will explore 4 solutions. Let’s get into episode 125 of the Own Your Genius Podcast!
Today's episode covers:
- How to Protect Your Intellectual Property Online
- What is Copyright Protection
- What is Trademark Protection
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
124. Protecting Your Online Presence: The Challenges of Operating Your Business in the Digital World
Today's episode covers:
Digital Piracy
Counterfeit Products
Domain Name Disputes
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
markedlegal.com/copyright/protecting-your-online-presence-intellectual-property-in-the-digital-world/
123. T.I. and Tiny's OMG Lawsuit Explained
Welcome to episode 123 of the Own Your Genius podcast! In this Legal Tea segment, we delve into the court battle between T.I. and Tiny, centered around a lawsuit involving The OMG Girlz, a girl group managed by Tiny. We explore the claims of misappropriation of name, likeness, trade dress infringement, and unfair competition. Join us as we break down the legal aspects, such as right of publicity, trade dress infringement, and the broader concept of unfair competition. Gain insights into this intriguing case and learn how it relates to protecting your own business.
Today's episode covers:
- A breakdown of the OMG lawsuit
- Understanding the right of publicity
- The difference between trade dress and trademark
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
122. How to Maintain your Limited Liability Status
Welcome to the latest episode of the Own Your Genius podcast! In this insightful installment, we dive into the crucial topic of maintaining limited liability for your business. Join us as we explore the concept of piercing the veil and discuss the essential steps you need to take to safeguard your personal assets and maintain your business's limited liability status.
Attorney Murray provides valuable insights into adequately capitalizing your business, ensuring compliance with corporate formalities, separating personal and business assets, conducting business ethically, and establishing a distinct business identity. These measures are vital for protecting yourself from potential legal and financial risks.
Whether you're a business owner, an aspiring entrepreneur, or simply interested in understanding the intricacies of limited liability, this episode offers practical advice and key considerations to help you navigate the complexities of business ownership.
Don't miss out on this enlightening episode that empowers you to make informed decisions and fortify your business's financial security. Tune in now to learn how to maintain your limited liability and protect what matters most. #OwnYourGenius #LimitedLiability #BusinessProtection
Today's episode covers:
What limited liability is
How to maintain limited liability
What does piercing the veil mean
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
121. The Pros and Cons of Operating as a Limited Liability Company
In this episode of the Own your Genius podcast, we delve into the world of Limited Liability Companies (LLCs) and explore why they are a popular choice for entrepreneurs and small business owners. Join us as we uncover the benefits and consequences of forming an LLC and empower you to make informed decisions about your business's structure.
Attorney Murray brings a wealth of knowledge and experience to the table, discussing the advantages and consequences of forming an LLC. She will share practical insights to help you navigate these aspects and understand how they may impact your business.
Join us as we break down the formation process, step-by-step, from choosing a unique name to appointing a registered agent and filing the necessary documents. Gain a deeper understanding of the different types of LLCs available and how they can align with your business goals.
Whether you're starting a new venture or considering a change in your business structure, this episode is packed with essential information to guide you through the journey of forming an LLC. Tune in to the Own your Genius podcast and take control of your business's success by harnessing the power of limited liability and making informed choices.
Don't forget to leave your comments and questions, as we value your feedback and love to engage with our listeners. Stay tuned for more episodes covering a wide range of topics to help you own your genius in the business world.
Today's episode covers:
What a limited liability company is
Why LLCs were created in the first place
The pros and cons of operating as a limited liability company
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
120. The Pros and Cons of Operating as a Corporation
Welcome back to part three (3) of our four-part series. Over the last couple of weeks, we began exploring the different ways businesses operate. So far, we have discussed sole proprietorship and partnership. Today we will discuss corporations, the first formal business formation.
Listen and learn as Attorney Murray begins part three of our four-part series on the pros and cons of the four main business formations. Today’s episode explores the history of corporations and how it is the foundation for other business formations.
Today's episode covers:
What a corporation is
Why corporations were created in the first place
The pros and cons of operating as a corporation
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
119. The Pros and Cons of Operating as a Partnership
Unlock the secrets of successful business formations in our engaging four-part series.
In part two, discover the different types of partnerships, their pros and cons, and why partnerships might be the right choice for your venture. From sharing expenses and responsibilities to navigating decision-making with a partner, we explore it all. Don't miss out on expert advice and practical insights to help you make informed choices for your business. Let's demystify business partnerships together!
Today's episode covers:
What a partnership is
The different types of partnerships
The pros and cons of operating as a partnership
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
118. The Pros and Cons of Operating as a Sole Proprietor
It’s a series! What better way to kick off the month of May than by tackling one of the top five questions we get on a regular basis? Which business entity should you choose for your business? The best entity is relative to your needs so it will vary not only from person to person but sometimes from stage to stage of your business.
Listen and learn as Attorney Murray begins part one of our four-part series on the pros and cons of the four main business formations. Today’s episode takes the mystery out of sole proprietorship so stay tuned.
Today's episode covers:
What a business is
The difference between a business and a hobby
The pros and cons of operating as a sole proprietor
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
117. Your Contract Can't Save You From Independent Contractor Misclassification
Welcome to episode 117 of the Own Your Genius podcast. Hiring help in your business is a huge milestone for many entrepreneurs. Many business owners step their toe into the hiring pool by starting with virtual assistants under the assumption that they are independent contractors rather than employees. But what happens when the assumption is wrong?
Listen and learn as Attorney Murray discusses the differences between an independent contractor and an employee. Today’s episode could save you thousands of dollars in legal fees and tax fines.
Today's episode covers:
1. How to determine if your new hire is a contractor or employee
2. The consequences of misclassification
3. Why contracts can’t define the independent contractor relationship
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
116 Ghosted. The Truth about Phantom Trademarks
Welcome to episode 116 of the Own Your Genius podcast. There are many reasons a trademark application may be rejected. While some are easier to avoid, others not so much. Receiving a phantom trademark rejection for an application can be frustrating. Listen and learn as Attorney Murray discusses the phenomenon known as phantom trademarks. Today’s episode contains never-discussed information that can help you create a strong trademark.
Today's episode covers:
- What phantom trademarks are
- Why case law matters
- How to avoid a phantom trademark rejection
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
115. The Necessity of Defining Success for Yourself
Recently there has been a lot of talk about being overwhelmed, burned out, and uninspired. In this week's podcast, Attorney Murray explores how defining success by your own terms can help decrease these feelings. You'll learn how a candid conversation with her daughter inspired her to ditch the scheduled topic to encourage entrepreneurs to stop using others as measuring sticks for their success.
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
114. Influencers, Your Contract Needs These 5 Clauses
Today's Episode Covers
How to Protect Your Interest as an Influencer
Molly Sims Trademark Infringement Lawsuit
Derrick Downy Jr. Copyright Infringement Claim against Nuggs
Want to join the conversation? Head over to the MARKEDlegal community to chime in.
113. Murray's Law: How to Protect Your Trademark Before you Launch
Although trademark has become a buzzword in the small business community, many entrepreneurs still don't know what, when, and why, which creates uncertainty, fear, and anxiety for some.
- Do I need a trademark?
- Is it safe to introduce the brand if I don't have a trademark?
- What if someone steals my stuff?
Listen to this week's Murray's Law as Attorney LaConya Murray addresses these real concerns and clarifies the trademark process.
112. Who Really Owns Your Logo?
Just because you paid for it doesn't make it yours.
In episode 111, we introduced the idea of copyright ownership. In today's episode, we will discuss how business owners can retain the rights to the work they commissioned. Listen as Attorney Murray explains the difference between commercial rights, transfer of rights, and licensing, as well as the caveats that come along with each of them. We have a good one for you today, so let's get started.
111. When Work for Hire is Not Work for Hire
Oh, oh, back again .
Welcome to season 5 of the Own Your Genius podcast. If you are working with third parties to create what could be copyrighted materials, you need to understand who owns the rights to the created work. Most business owners wrongly believe they can slap a work-for-hire clause in the contract to gain ownership, but they are wrong. Attorney Murray discusses the two instances that create a work-for-hire in today's podcast. She will also break down the definition of a special commission and how the court determines whether you work with an employee or an independent contractor.
We have a good one for you today, so let's get started.
110. How to Create a Solid Financial Plan for Your Business with Juneil Bettis
Make Money Money, Make Money Money
Today's guest speaker is Juneil Bettis. She is the financial accountant of Bettis Financial, a financial services company headquartered in Huntsville, AL. She provides clients with the tools and resources they need to maintain their personal and business finances.
Listen as she and Attorney LaConya Murray discuss money matters as they relate to entrepreneurs wondering when and how to take the next steps in their business with money logic in their corner.
Mentioned in this episode:
This episode of the Own Your Genius podcast is sponsored by Off the Mark IP Solutions’ Genius Insider program, ongoing support for your small business.
108. 3 Things to Consider When Transitioning From Employee to Employer
When transitioning from working a 9-5 to becoming an entrepreneur, it’s important to take into consideration the “proper protocol” to follow.
You don’t have to scream the news from the top of a building (though you can if you want), but there are conversations that may need to be had depending on the language of the contracts signed with the current employer. New hire paperwork may include certain clauses or agreements that can restrict certain factors in your launch of entrepreneurship.
Listen as Attorney LaConya Murray answers the three top questions she receives about transitioning from being an employee to an employer. Spoiler alert: it’s all in the language.
107. Why Does My Single Member LLC Need an Operating Agreement
Don’t sell yourself short.
Many business owners question whether or not they should advance their business structure because of their size. “Why do I need an LLC if my business isn’t big yet? How do I protect my business, a trademark, or something else? Do I really need an operating agreement if it’s just me?”
Just because you are operating solo doesn’t mean you operate without a strategy.
Your business deserves to be protected, even if you are the only member on the board at the moment.
Listen to today’s podcast as Attorney LaConya Murray discusses how to properly operate as an LLC, including using an operating agreement and the difference. She also answers the age-old question of whether your business needs an LLC or operating agreement.
106. What Mariah Carey's Failed Trademark Application Teaches Us About the Opposition Process
We may disagree about when is too soon to start blasting Christmas music there is no denying that when the time comes, Mariah Carey is on top of the playlist. After almost 30 years on the charts, the pop diva earns 2.5 million dollars from her hit, All I Want For Christmas. It's no wonder she's been dubbed the Queen of Christmas.
During today's episode of the Own Your Genius podcast, we take notes from Mariah Carey's failed attempt to benefit from the Queen of Christmas moniker. Key discussion points from this episode include:
- Every trademark clearance search should include common law use
- What it takes to oppose a trademark application
- What to do if someone opposes your application
This episode was brought to you by Genius Insider. The go-to legal subscription for entrepreneurs seeking reliable ongoing legal support for their businesses. The Genius Insider provides its members free consultations, document reviews, and discounted legal services. Learn more at Geniusinsider.co
LINKS:
Join our community at markedlegal.com
Have Attorney Murray educate your audience laconyamurray.com
Check out Attorney Murray's legal services at getoffthemark.com
105. Protect Your Personal Assets by Properly Executing Your Business Contracts
A contract is more than a piece of paper. Business contracts can protect your business and personal assets but must be executed properly to be effective. Contracts voice the terms and clauses of an agreement between two or more parties and can be the defining line of who owns what and what business rights are in motion. Short summary: contracts are IMPORTANT. Every person involved in a business transaction should know what they're signing, why they're signing, and what is in effect after they sign. Listen as Attorney LaConya Murray integrates some legal tea into her explanation of what it means to execute a contract and things to consider before signing.
Mentioned in this episode: MARKEDlegal
104. 5 Considerations When Choosing Your Next Attorney
Take your time. Just like in dating, it’s important to take your time when properly vetting an attorney to hire to help with your business matters. It’s your business so BE PICKY!!! What’s your communication preference? How much experience do you expect the attorney to have? When do you expect to be contacted? These questions barely scrape the surface of what’s entailed in the process of properly vetting an attorney. Listen as Attorney LaConya Murray discusses 5 things to be mindful of when choosing an attorney to hire for your legal business matters. Mentioned in the episode: Getoffthemark.com
103. Copyright Exceptions for Business Owners
Don't sleep on copyrights.
It is vital for entrepreneurs to protect their intellectual property. It matters, so treat it as such!
As a business owner, it is important to know the different types of protection available for your intellectual property and the jurisdiction and exceptions to each form of protection. While trademarks and patents are more mainstream forms of intellectual protection, copyrights are an additional form of protection for your creative works.
Listen as Attorney LaConya Murray explains what copyright protects, how long they last, and the exceptions to the protective matter.