by Mark Malek
In a previous post, we discussed the importance of forming an intellectual property holding company to own your IP. That previous post established that starting an IP holding company is necessary. This post will focus on the details.
Talk to any lawyer, and one of their primary goals for their clients is managing their liabilities. This generally includes separating assets so that liabilities do not cross over. For example, suppose you own your IP personally, i.e., it is titled in your name personally. Now imagine that a thief breaks into your house, slips on your floor, sues you for having a slippery floor, and somehow gets a judgment against you (here is a story about a burglar that sued the homeowner that shot him). What happens if your homeowner’s insurance does not cover the judgment?