If you’re starting your own video game studio, you might be inclined to just hit the ground running without extra thoughts to the legal structure and framework of your business. Naturally, I’m biased against this approach. Here’s a short overview of why you should consider forming a corporation or a limited liability company (LLC) before you …
Why should I create a corporation or LLC for my video game studio? Read More »
In order to make sure you have your bases covered for your business in the new year, here is a checklist for this month to ensure you’re starting the new year on a good foot: Ensure corporate formalities are being observed. This is really simple, but it’s good to check in on from time to …
Thinking of opening a virtual reality (VR) arcade? Be prepared to learn about the exciting world of commercial licensing! In order to legally offer a physical location where others will access content like video games (whether they pay for them or not), you must purchase commercial licenses of games. What is a commercial license? When …
Do I need a commercial license to use games for a VR arcade? Read More »
Choice of law provisions are common in business agreements. Where one or both parties are in North Carolina, a North Carolina choice of law is common, too. A new law in North Carolina allows for parties to choose North Carolina law and litigation in North Carolina, even when they have no other ties to the …
Step 1: Choose an Entity Type You’ve decided to start a business. You’ve got a general idea and a general plan, but you aren’t sure what structure your business needs to have in place. This decision will impact your taxes, what filings are required, your ability to raise outside money and the potential personal liability …