Reducing Barriers to Entrepreneurship

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  Professional services consulting support for start ups

  I have a thought: there is a certain set of things that every small business owner has to (or ought to) address in the very first stages of business development, such as registering the business, consulting with an accountant and an attorney about everything from liability to employee status and business structure, and some other often pricey professional services. And very frequently, the costs are too high and new business ...more »

  I have a thought: there is a certain set of things that every small business owner has to (or ought to) address in the very first stages of business development, such as registering the business, consulting with an accountant and an attorney about everything from liability to employee status and business structure, and some other often pricey professional services. And very frequently, the costs are too high and new business owners skip this critical step only to have it come up later and potentially shut down their businesses. So what if the aspiring business owner had the homework assignment to put together the full business plan including 3-5 year pro forma, etc. and if they could articulate a compelling and complete business model and plan, the SBA would underwrite those professional services up to a certain amount?

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  Submitted by t21solutions 2 years ago

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  Window of Legal Amnesty and Forgiveness

  Create a time period after founding a company during which there is legal forgiveness and amnesty for a category of the more mundane red tape which exists on federal state and local levels. Many well intentioned entrepreneurs are completely overwhelmed by the many legal implications of starting and running a business. And, many of these rules were explicitly designed to increase barriers to entry. This would open a ...more »

  Create a time period after founding a company during which there is legal forgiveness and amnesty for a category of the more mundane red tape which exists on federal state and local levels.

  Many well intentioned entrepreneurs are completely overwhelmed by the many legal implications of starting and running a business. And,

  many of these rules were explicitly designed to increase barriers to entry. This would open a window through them.

  Lawyers are great and all but people are intimidated by the legal system and its many challenges. When first starting there is a LOT of learning to do. This would help by reducing the initial intimidation and day one legal load.

  Some what analogous to making startups corporations a legal minor.

  This would definitely help more potential entrepreneurs take the leap.

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  3 comments for Idea: Window of Legal Amnesty and Forgiveness

  Submitted by Derek Lyman 2 years ago

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  Require a fee for filing a "Paragraph 4" challenge

  Problem: In the world of pharmaceutical patents, it costs the patent originator money for R&D and patent application. After a patent is awarded, a generic manufacturer may challenge the patent using a "Paragraph 4" challenge, and doesn't have to pay any fee at all. There is, therefore, no cost for a generic manufacturer to challenge a legitimately awarded patent, and a big hidden cost to the originator (who has to plan ...more »

  Problem: In the world of pharmaceutical patents, it costs the patent originator money for R&D and patent application. After a patent is awarded, a generic manufacturer may challenge the patent using a "Paragraph 4" challenge, and doesn't have to pay any fee at all. There is, therefore, no cost for a generic manufacturer to challenge a legitimately awarded patent, and a big hidden cost to the originator (who has to plan on defending "Paragraph 4" challenges).

  Solution: Require a fee for filing a "Paragraph 4" challenge. The fee for filing should match the fee-for-patent-application paid by the originator.

  This reduces frivolous challenges to legitimate patents. Lowers "real" cost-per-patent to biotech entrepreneurs. Increases fairness in treatment of innovators and generic manufacturers.

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  Submitted by SUA Moderator 2 years ago

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