Posted on 23 October 2012. Tags: 3 years, agreement, confidentiality, Corp, corporate billing, four months, minority shares, non compete clause, partner problems, shareholder, shareholder agreement, software database, Solution, trade, trade secrets
I exited a business around four months ago due to partner problems and would like to now start my own operation in a similar field. We just finalized a buyout agreement and signed papers releasing me as a Director from the corp. The previous company was in a field that involved a software database be created to analyze corporate billing for their telecom accounts – both wire line and mobile (can’t be too specific).
The corp I’m looking to start would offer a similar service, however would be different in a variety of ways and would also be built without directly copying anything that I have intellectually from my previous role. The new corp would have some similarities as far as the solution, however would be built from the ground up.
We have a unanimous shareholder agreement in place for the corp I had been previously part of (I was an equal shareholder – all minority shares @ 25%). My concern is that the USA has a clause in relation to confidentiality and states that no officer shall divulge any information regarding the business, or its finances, affairs, dealing and any trade secrets of the company including trade secrets, designs, methods, etc. I had them remove the non compete clause, as it would ban me from the industry for 10 years. The only non compete currently in place is in regards to going after existing clients of the corporation for a period of 3 years, which I wouldn’t do.
If I start his new corp, what is the likely hood I’ll be sued once they find out? If I were to be sued, they would obviously sue for damages, but would it be an amount that could potentially shut be down? If I want to be sneaky, could I find a partner and register everything in their name and act as employee for the time being?
Seeing as several big corps sue each other all of the time over IP, patents, etc I don’t see this being any different. I would however go in to the new corp without the intention of directly copying their solution. They also don’t have any patents or really proprietary technology, as several other companies offer a similar product/service and ours was created based on a couple of them in market ironically enough, so I don’t see them being able to prove that their solution was that unique and not based off others in market.
Advice from savvy biz professionals, or lawyers would be ideal. I want some advice before investing personal capital. I will likely sit down with a lawyer here, but want to know whether or not this is a waste of my time. I was bullied out of the other co and know that’s its a profitable market that I want to be a part of, just without idiots.
Posted in Affiliate Marketing 101
Posted on 27 August 2012. Tags: business, business consultation, design search engine, e mail, free initial consultation, information, initial business, mail campaigns, Profit, psi team, qualified institution, search engine optimization, tax id number, trade, Website
Profit Sense Innovations makes it simple by providing free initial business consultation which is what you will truly get. If you have questions, we have the solutions. PSI consultants are real experts in their professions and not fake consultants in disguise. When you reach out to PSI Team, you can conveniently focus on getting pertinent information and never worry about receiving a sales talk on rather being educated.
PSI currently provides expert consulting in these areas:
Website Design (Develops your website that sets you apart from all your competitors and generates leads and properly brands your company)
Internet Marketing (Social media advertising, provision of up-to date custom Facebook design, search engine optimization, e-mail campaigns and landing pages)
Building Business Credit and Funding Options
Call PSI today for your free initial consultation. We assure you that you will be glad you made the call and had your questions answered without any hassle. You do not have to labor over finding vital information needed for the success of your business, when PSI Team can provide you with professional advice and recommendations. You may find that we might not cater a specific need but we do not stop there. We’ll work with you to search a credible and qualified institution either an approved PSI affiliate or an organization outside our network. We are fully committed to the long-term success of your business. Call now and take control of your victory!
Profit Sense Innovations has created a program to give your business the next analytical step in abstracting business and personal finances through establishing a new credit profile based from your Tax ID Number.
It all begins with our Credit Builder Program, which will build a brand new credit score and profile. The aim is to establish a score of corporate credit of 75 or better. In comparison, a score of 80 is like acquiring a personal credit score of 800: That is exemplary credit. We have consolidated and made available, the credit score system for the principal reporting institutions.
A credit score is established by having credit cards, lines of credit, trade and accounts references that directly report to the business credit agencies. For majority of businesses, it is not easy to find a creditor agreeing to grant most schemes or corporate credit without personal guarantees or previous business credit history. We will work with your own trade references to build your score. Nevertheless, some businesses need added trade references who report to credit bureaus that will open lines of credit and start reporting to the major institutions. Though the method takes the time indicated above, it occasionally requires vendors 4-6 months to properly verify to the reporting bureau.
We provide counseling on how to pick companies who will give your business with business credit. Part of the program is to help you with the entire application and reporting ways, as well as choosing companies that will grant credit to your business. The companies we do business with will report payment processes to the credit agency – and allocate loans without the need for personal credit checks or personal guarantee. Companies are amenable to issuing the credit because their clients are not considered high risk. They are not considered high risk is because of the entrepreneurs’ eagerness to establish their business’ credit by entrusting in a corporate credit building program.
Posted in Featured Articles
Posted on 19 August 2012. Tags: amazon products, coupon code, Electronic, Network, trade, Want, webmaster
Like above question, i’m a webmaster of a affiliates Amazon sites. Please answer my question and i will give you some coupon code or discount of amazon products !!!
Posted in Featured Articles
Posted on 09 August 2012. Tags: African, african slave trade, african slaves, China, Hershey, Pioneer, propagandists, slave, slave traders, Song, tang and song dynasties, trade, trade markets, Trades
As early as the Tang and Song dynasties, China was buying African slaves from Arab slave traders.
Many Chinese Super propagandists love to talk about the earlier slave trades involving England and America, but they don’t want you to know about China’s dirty little secret: http://www.zum.de/whkmla/sp/0910/hershey…
Posted in Affiliate Marketing 101
Posted on 08 August 2012. Tags: Attractive, barrage, catch 22, current rate, hour workweek, Muse, Niches, prescription, product, product idea, product url, thanks in advance, tim ferriss, trade, trade magazines
In Tim Ferriss’s prescription for creating a business in the 4 Hour Workweek, he advises finding a market first, then making a product for them.
I have followed the steps in the book and identified a few niches I could market to. For each niche I have found several small trade magazines. So far, so good.
The problem is, after contacting the ad directors at a few of these magazines (to ask for back issues and their current rate card), they all hit me with a barrage of questions like “what’s your product URL?” and “what is your product?”
This is a catch-22, because I want to validate the magazine before I come up with a product idea, let alone launch a website.
What do I tell these folks? Has anyone here created a muse successfully following Ferriss’s steps in the 4 Hour Workweek? What’s the best way to ask for this information when you DON’T EVEN HAVE A PRODUCT ?
Thanks in advance!
Posted in Affiliate Marketing 101
Posted on 24 July 2012. Tags: based education, Conventions, education company, higher education training, niche, post, trade, trade shows, Training, training institution
I work for a very niche based education company. I am looking for trade shows and conventions where a post secondary higher education training institution would go to present to potential students. Does anyone know of such a thing?
Posted in Affiliate Marketing 101