Avoid the Legal Horrors with Julie King: Patent, Trademark, and Business Strategy

Operating Agreements: The LLC Document That Saves Businesses and Friendships

33 min · 19 de may de 2026
Portada del episodio Operating Agreements: The LLC Document That Saves Businesses and Friendships

Descripción

Your LLC has default rules. They were not written for your business. In this episode, I break down everything you need to know about operating agreements: the internal document that governs how your LLC runs, protects your partnerships, and determines what happens when things go sideways. Whether you're a solo LLC owner (yes, you need this too) or you have business partners, this episode covers what an operating agreement is, what it must include, 8 of the most costly mistakes I see, and the questions I'm asked most often on this topic. 📋 Download the free operating agreement checklist at kingpatentlaw.com: A 5-Question Check on Your LLC Operating Agreement: Potent Potion or Poisonous Brew? [https://kingpatentlaw.com/product/llc-operating-agreement-checklist/]Timestamps: (00:00) Introduction: The Case for Operating Agreements (02:24) What Is an LLC Operating Agreement? (05:05) Why Single-Member LLCs Need One Too (07:34) What Your Operating Agreement Must Cover (16:20) Common Mistakes and How to Avoid Them (25:00) Practical Takeaways (26:22) Frequently Asked Questions (31:41) Wrap-Up Avoid the legal horrors, and keep rocking your IP.💀🎸 🎙️ PODCAST: Avoid the Legal Horrors with Julie King: Patent, Trademark, and Business Strategy. Helping entrepreneurs, creators, and small business owners understand and use IP law as a business tool, without the jargon. 📅 Ready to protect your brand and business? Book a consultation at kingpatentlaw.com [https://kingpatentlaw.com/appointments/consultation/]. I serve intellectual property clients nationwide and business and estate planning clients in Illinois. 📚 Full transcript and more resources at kingpatentlaw.com/blog [https://kingpatentlaw.com/blog] 📱@kingpatentlaw on social media platforms (NOT X) Disclaimer: This information is for educational purposes only, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney. Contains attorney advertisement material. Julie King | King Patent Law, PLLC | 301 N Neil St Ste 400, Champaign IL 61820. Phone and email available at kingpatentlaw.com

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212 episodios

Portada del episodio 3 Trade Secrets Hiding In Your Business Right Now

3 Trade Secrets Hiding In Your Business Right Now

Your customer buying habits. Your pricing structure. Your process. You're probably sitting on IP that could destroy your business if it went public. So what do you do about that? Avoid the legal horrors and keep rocking your IP. 💀🎸 📅 Ready to protect your brand and business? Book a consultation: https://kingpatentlaw.com/appointments/consultation/ [https://kingpatentlaw.com/appointments/consultation/]I help creators and small business owners with IP matters nationwide and with contracts in Illinois and Georgia. 📰 Sign up for the Avoid the Legal Horrors newsletter at kingpatentlaw.com [kingpatentlaw.com] @kingpatentlaw on social media (NOT X) DISCLAIMER: This information is for educational purposes only, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney. This video contains attorney advertising material. Julie King | King Patent Law, PLLC | 301 N Neil St Ste 400, Champaign IL 61820. Phone number and email address available at kingpatentlaw.com.

16 de jul de 20261 min
Portada del episodio Trade Secret or Patent? A Very Quick Guide

Trade Secret or Patent? A Very Quick Guide

Patents expire in 20 years. Trade secrets can last forever, as long as you keep them secret. Coca-Cola, KFC, and WD-40 all bet on secrecy over patents. Here's why. Avoid the legal horrors and keep rocking your IP. 💀🎸📅 Ready to protect your brand and business? Book a consultation: https://kingpatentlaw.com/appointments/consultation/ [https://kingpatentlaw.com/appointments/consultation/]I help creators and small business owners with IP matters nationwide and with contracts in Illinois and Georgia. 📰 Sign up for the Avoid the Legal Horrors newsletter at kingpatentlaw.com [https://kingpatentlaw.com] @kingpatentlaw on social media (NOT X) DISCLAIMER: This information is for educational purposes only, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney. This video contains attorney advertising material. Julie King | King Patent Law, PLLC | 301 N Neil St Ste 400, Champaign IL 61820. Phone number and email address available at kingpatentlaw.com.

Ayer1 min
Portada del episodio What Is a Trade Secret? The IP Protection Most Businesses Don't Know They Have

What Is a Trade Secret? The IP Protection Most Businesses Don't Know They Have

Most types of intellectual property come with a paper trail: a patent number, a trademark registration, a certificate you can point to. Trade secrets don't work that way. There's no filing and no government record, just a legal test with two parts: does the information have real economic value because it isn't generally known, and have you made reasonable efforts to keep it that way? In this episode, Julie walks through what actually counts as a trade secret (it's a lot more than secret formulas), why an NDA by itself isn't enough to hold up in court, and what companies like Coca-Cola, KFC, and WD-40 have done differently by choosing permanent secrecy over a patent. She closes with the practical steps to actually protect a trade secret, and what to do if you think one has already been taken. Timestamps: * 00:00 — Intro: the IP threat with no jump scare * 01:09 — What is a trade secret, legally? * 02:24 — What actually qualifies (customer lists, pricing, process — not just formulas) * 02:49 — Patent vs. trade secret: two different legal bets * 03:41 — Real-world examples: Coca-Cola, KFC, WD-40, Google's algorithm * 05:32 — How to actually protect a trade secret (4 practical steps) * 07:26 — Key takeaways * 08:18 — Wrap-up and CTA Key Takeaways: * Trade secrets are the one type of IP where skipping formal registration is the point, not a mistake. * "Reasonable efforts to maintain secrecy" is an ongoing practice, not a one-time form. * An NDA is necessary but not sufficient on its own. * Most businesses are protecting less than they think. A real audit beats an assumption. IP Audit Checklist: https://kingpatentlaw.com/product/intellectual-property-legal-checkup-the-audit-checklist-for-patents-trademarks-copyrights-trade-secrets/ [https://kingpatentlaw.com/product/intellectual-property-legal-checkup-the-audit-checklist-for-patents-trademarks-copyrights-trade-secrets/] 📰 Sign up for the Avoid the Legal Horrors newsletter: https://kingpatentlaw.com/newsletter/ [https://kingpatentlaw.com/newsletter/] Avoid the legal horrors and keep rocking your IP. 💀🎸 📅 Ready to protect your brand and business? Book a consultation: https://kingpatentlaw.com/appointments/consultation/ [https://kingpatentlaw.com/appointments/consultation/] I help creators and small business owners with IP matters nationwide and with contracts in Illinois and Georgia. @kingpatentlaw on social media (NOT X) DISCLAIMER: This information is for educational purposes only, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney. This content contains attorney advertising material. Julie King | King Patent Law, PLLC | 301 N Neil St Ste 400, Champaign IL 61820. Phone number and email address available at kingpatentlaw.com.

14 de jul de 20268 min
Portada del episodio Wait, Can You Patent the Way Something Looks?

Wait, Can You Patent the Way Something Looks?

Yes. A utility patent protects how something works. A design patent protects how something looks. If your product has a distinctive visual identity, you may have more protection available than you think. 📰 Sign up for the Avoid the Legal Horrors newsletter: https://kingpatentlaw.com/newsletter/ [https://kingpatentlaw.com/newsletter/] Avoid the legal horrors and keep rocking your IP. 💀🎸 📅 Ready to protect your brand and business? Book a consultation: https://kingpatentlaw.com/appointments/consultation/ [https://kingpatentlaw.com/appointments/consultation/] I help creators and small business owners with IP matters nationwide and with contracts in Illinois and Georgia. @kingpatentlaw on social media (NOT X) DISCLAIMER: This information is for educational purposes only, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney. This content contains attorney advertising material. Julie King | King Patent Law, PLLC | 301 N Neil St Ste 400, Champaign IL 61820. Phone number and email address available at kingpatentlaw.com.

9 de jul de 20261 min
Portada del episodio Don't Assume Patents Are Out of Your Budget. Have You Looked at Design Patents?

Don't Assume Patents Are Out of Your Budget. Have You Looked at Design Patents?

Utility patent pricing scares a lot of product inventors out of pursuing any patent protection at all. But design patents (which protect how a product looks, not how it works) are a meaningfully different conversation. If you've written off patents on cost alone, this one's for you.   📰 Sign up for the Avoid the Legal Horrors newsletter: https://kingpatentlaw.com/newsletter/ [https://kingpatentlaw.com/newsletter/] Avoid the legal horrors and keep rocking your IP. 💀🎸 📅 Ready to protect your brand and business? Book a consultation: https://kingpatentlaw.com/appointments/consultation/ [https://kingpatentlaw.com/appointments/consultation/] I help creators and small business owners with IP matters nationwide and with contracts in Illinois and Georgia. @kingpatentlaw on social media (NOT X) DISCLAIMER: This information is for educational purposes only, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney. This content contains attorney advertising material. Julie King | King Patent Law, PLLC | 301 N Neil St Ste 400, Champaign IL 61820. Phone number and email address available at kingpatentlaw.com.

8 de jul de 20261 min