I would like to do some consulting in the area of software development for Engineering firms. I would also like to develop my own software products and sell them. How do I go about this from a legal standpoint? I plan to alert all my potential customers that I am also working on my own products and that any software I build for them can either remain proprietary for their company (assuming of course it is not the exact same thing as what I plan to create and sell on my own) , or that we can enter an agreement where if I sell the software developed on their dime we would split the profits - assuming they don't want to keep it proprietary which will be the most likely scenario. YANAL, but is there a way to draft this in legal terms? S uch that if obvious small classes or libraries appear both in my product and the product I develop for them - and any programmer knows there are only that many ways to skin a code and overlap is inevitable - I won't get sued.
Can anyone recommend an attorney for a small IT consulting company in the Chicago/North Shore area? My husband hopes to embark on a new contract with a Big Firm, and it's time to revisit some legal aspects involved in this type of adventure. Many thanks in advance.
What sort of state of organization are the financial records of most sole proprietorships in? [more inside]
I've recently started a company, structured as a 'C' Corp, to sell my consulting/contracting services. One of the reasons I'm working as a 'C' corporation is so I can have the company pay all medical expenses. I've read from the web and various IRS publications that as long as the Medical Reimbursement Plan is offered to all employees equally (no problem there) then it can be paid for by the company and written off on the corp taxes. But in order to make the MRP legit what, other then limiting medical expenses to those listed as acceptable by the IRS, do I need to do? Special records? Outside plan administrator?