As a business owner or inventor, you may have a lot of questions about trade secrets. Trade secrets refer to the data you prefer to keep hidden from competitors and even some employees. These secrets provide your business with a competitive edge that may be destroyed if it got into the wrong hands.
IP strategies are sometimes tax-motivated
In 2013, Uber grew from a $330 million company to a worth of $3.5 billion due to venture capital investments. However, before pursuing the additional funding, Uber’s co-founder decided to do some tax-planning. According to Fortune, the ridesharing company created a new business in the Netherlands known as Uber International C.V., which essentially moved the company’s intellectual property overseas.
