Len Garza and Alexandra Devendra, business attorneys from their own respective practices were on the Bold Patents show and let us in on the essential reasons why inventors should think carefully about whether and what type of entity to form.  Len discussed raising money and pointed out that when investors give a company money, they are really investing in the founder/inventor - and to get that investor committed, you've got to show business acumen, not just technical. The business can't just be about the product itself.  Alix walked our audience through an example of a client of hers who is an optometrist that needed to form a separate LLC to hold the patent assets separate from the professional services company that runs the operations of the clinic. She gave some examples of different types of companies that can be formed, and briefly talked about how her law firm, Aligned.law is a Certified B corporation in the state of Oregon. 

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Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.