Why Do You Need a Trademark or Copyright For Your Business?

Are you unsure about the difference between trademarks and copyrights for businesses? On this episode of the Small Business Tax Savings Podcast, we are joined by Andrea Sager to discuss the crucial information that small business owners need to know.Andrea Sager helps listeners to understand the importance of protecting your brand by filing applications and navigating copyright law.She shares why statutory damages are essential when registering copyright, how photographers are now using cease and desist letters as a business model, and when it makes sense to register for copyright.Tune in now as we explore how to protect yourself legally and monetize your creative works through trademarks and copyrights! [00:01] Understanding Trademarks and CopyrightsMike welcomes Andrea Sager to the show!Why you need trademarks and copyrights for your businessTrademarks protect brandings, such as brand names, logos, slogans, and podcast namesCopyright protects creative work, such as blog posts, videos, photos, and recordings[02:37] How To Protect Your Work From InfringementFederal registration is needed for trademarks to have federal rightsCopyright protection is automatic but filing may be necessary to sue for infringementStatutory damages for copyrights are important because it is hard to prove damages in a copyright caseCopyright registration varies depending on the medium, namely: blog posts, podcasts, photography, etc.Designers should send their designs to be monitored before publishing them[05:40] The Cost And Process Of Obtaining A Federal TrademarkCopyright infringement can lead to statutory damages and possibly a lawsuitThe cost of filing a copyright lawsuitThe process for filing a copyright lawsuitTrademark applications should be filed as soon as possible when a business has momentum[18:18] Closing SegmentAndrea advises listeners to protect themselves legally and monetize their creative works through trademarks and copyrights! Final WordsKey Quotes“Trademarks are your branding, your brand identity, your brand name, your logo, a slogan, a product name, a podcast name, anything that has a unique name within your business. It can probably be protected with a trademark… So, trademarks are branding, copyrights are content.” – Andrea Sager--------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com