Patents are designed to protect creations and designs, but how long a patent lasts for is dependent on a number of factors. The length of time that a patent offers protection, depends largely on what type of patent is issued and whether required maintenance fees are paid to keep the patent active.
Marking an important change to business law, electronic signatures allow individuals and companies to enter into contracts without physically signing them. Previous laws required all contracts to contain a physical signature, but the creation of electronic signatures changed the nature of contracts.
C corporations and S corporations each have their advantages. If your small business is a C corporation, you may decide that you would see more tax advantages or have greater corporate control with an S corporation instead. Fortunately, it isn’t difficult to convert C corporations to S corporations.