Who owns the store?

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Consolidation is bringing together companies by merger, partnering and strategic alliances. But relationships end. Avoid litigation by addressing break-up issues in formation documents.


Document which company will own software enhancements to software and customer lists after the breakup.

Ensure all work is performed by consultants under “work for hire” agreements.

Document who owns domain names, copyrights, patents, logos, servicemarks and trademarks.

Limit the scope of licenses. Term, geographic area and scope of media are critical to define. Broad license grants will hamper future business goals and relationships. A license of “digital rights” means on-line, CD ROM and any other digital methods invented in the future.

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Such type os thefts like the proof of ownership o be established is something that should have been kept in mind before hand at the starting of the business .Aside from selecting the itemize deduction option, you must establish proof of ownership and value of the items loss. To determine the validity of your casualty or theft loss and claim the deduction, you must complete the form for Casualties and Thefts. The completed form must be filed with your tax return.