Woods Fuller Shultz & Smith, P.C. :: Woods Fuller announces Scholarship Program Recipients
Woods Fuller announces Scholarship Program Recipients
Woods, Fuller, Shultz & Smith has named the 2018 recipients of its scholarship program. The $1,000 scholarships are awarded to graduating high school seniors in Lincoln or Minnehaha County in South Dakota and Sioux or O’Brien County in Iowa.
“As the cost of higher education continues to rise, Woods Fuller is proud to be able to support local seniors in pursuit of their educational goals,” says Woods Fuller Managing Partner David Kroon.
Congratulations to each of the 2018 recipients:
Meredith Costello, O’Gorman High School
Ellie Holmes, Brandon Valley High School
Tyler Johnson, Washington High School
Trajan Walhof, Sioux Center High School
Emily Zylstra, Sioux Falls Christian High School
Woods Fuller Shultz & Smith, P.C. :: Antitrust criminal liability for HR Professionals and Companies
Antitrust criminal liability for HR Professionals and Companies
Finding good talent is not an easy task for any employer. This problem is made worse in communities such as Sioux Falls, with low unemployment causing fewer people to look for new work. Once an employer successfully finds a quality employee, it’s understandable for the company to take measures to keep that employee. However, sometimes these measures create worse problems than they solve. If competitors agree to pay their respective employees the same wage or agree to not solicit workers from each other, they could run into serious federal antitrust concerns
Federal antitrust law is intended to maintain competition in the marketplace. Since the passing of the Sherman…
Woods Fuller Shultz & Smith, P.C. :: Have an app you'd like to copyright or patent? Here's what...
Have an app you'd like to copyright or patent? Here's what you need to know
Computer software programs and apps may be protected by a number of different forms of IP protection, but the two most significant types are patent and copyright. However, the scope of protection provided by the patent and copyright laws is significantly different
In simplified terms, copyright provides legal protection against someone making a substantially identical copy of the software, but will not provide protection against someone who merely copies the ideas or functionality of the software to create another software product.
In contrast, a patent can protect the ideas and functionality implemented in the software from being used in another software…
Woods Fuller Shultz & Smith, P.C. :: How to best write your patent 'recipe' for invention success
How to best write your patent 'recipe' for invention success
A patent claim can be thought of as a “recipe” for making a product that infringes the patent. Just as a recipe sets forth a list of ingredients and the manner in which the ingredients are to be combined to make a cake, a patent claim sets forth a list of elements and the relationships between the elements in a product that will infringe the patent. Leaving out one of the ingredients from a recipe will usually result in a failed cake, and omitting one of the elements of a patent claim from a product will usually avoid infringement of the patent by the product
This demonstrates the importance of obtaining a patent with claims that set forth only the minimum number of…
Woods Fuller Shultz & Smith, P.C. :: Sole Proprietorships, Partnerships, Corporations, LLC(s)
Sole Proprietorships, Partnerships, Corporations, LLC(s) - What's the Difference
Business owners and entrepreneurs often inquire about what is the most appropriate legal entity structure for their business and differences between the various options. Choosing a legal entity structure requires careful consideration of many factors. For example: Does the business need financing? Are other businesses allowed to be an owner? What about taxes? Can owners be sued personally for the actions or omissions made by or on behalf of the business? Can one owner be held responsible and liable for the actions of another owner? If the business defaults on an obligation, is an owner personally liable? To choose correctly, it is important to know the basic…
Woods Fuller Shultz & Smith, P.C. :: Tax Reform and Your Business: What You Need to Know
The recently passed tax reform bill will have significant implications for individuals, small businesses, non-profit organizations and corporations. The impact of these changes to our long-existing tax laws requires thoughtful consideration be given to existing business structures, operating and partnership agreements
Every business is unique, and there are a variety of ways you may be impacted by these changes. We’ve outlined a few key provisions of the tax reform bill to highlight areas where reviewing and updating your existing structure and legal documents may benefit your organization
Reduces the corporate tax rate to 21%.
Repeals the corporate Alternative Minimum Tax.
Individuals, trusts and estates are eligible for a 20% deduction of qualified business income from pass-through…