Selling patented products

The Patent Box  November 1, 2012 – 02:24 pm

In its attempt to bring a new, more competitive, shape to the UK tax landscape and encourage innovation, the Government plans to introduce the Patent Box. The Patent Box will enable companies to apply a lower Corporation Tax rate to profits arising from their patented inventions. The relief will be introduced on 1 April 2013 and the Corporation Tax rate to be applied will be 10 per cent.

Who can benefit from the Patent Box?

If your company is liable to Corporation Tax and makes a profit from exploiting patented inventions, you could benefit from the Patent Box. It should be noted, however, that your company must either own or exclusively license-in the patents, and must have undertaken qualifying development on them. If you are a part of a group, you could also qualify if another company within the group has undertaken qualifying developments.

To shed some light on what is eligible and what is not, HMRC have a published a guidance regarding the Patent Box. You could benefit from the scheme if your company owns or exclusively licenses-in patents granted by the:

-       UK Intellectual Property Office

Source: taxmaks

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Here's a checklist

Startup basics
1. Determine what you will be selling and graph your vision in numbers;
2. If you are developing a new product review “To Patent or Not”
3. Determine actual costs – including your time –
4. What the customers will be willing to pay (Key factor!) eBay closed auctions.
5. Create simplified five-year spreadsheet (forecast): Sales less cost of material...The Law of 250”. This will be the real reason for your success. (Google it now, before doing anything else!)
11. If you are selling or prospecting online, sign on with Google’s pay per click and load it with as many keywords as you can imagine. If your market is local, Google Local – it’s free. Make the most of Craiglist, mostly free.
To be continued if you think this is of interest.

Hey, cool response. Let me counter your counter.

In general, pharmaceutical companies make the bulk of their profits by selling new drugs before their patents expire.
Intellectual property only exists because the government enforces the patent system through laws and regulations.
I submit the argument that cer...ficially monopolistic environments, and thus if given the choice, would favor the presence, rather than the elimination, of government in their affairs.

The following chart illustrates the effect of generic competition on the price of a cocktail of antiretroviral drugs, used to treat HIV, between 2000 and 2001.

Your request is being answered - part 1

Startup basics
1. Determine what you will be selling and graph your vision in numbers;
2. If you are developing a new product review “To Patent or Not”
3. Determine actual costs – including your time –
4. What the customers will be willing to pay (Key factor!) eBay closed auctions.
5. Create simplified five-year spreadsheet (forecast): Sales less cost of material..., logos and slogan. Register your Domain name, select any of dozens of companies selling this service.
10. Write press releases announcing your new business. Print up some business cards. Create a flier/brochure, hand them out with your elevator pitch. Learn and master Joe Girard’s “The Law of 250”. This will be the real reason for your success. (Google it now, before doing anything else!)

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InterDigital's CEO Hosts Investor Conference (Transcript)  — Seeking Alpha
The way I think about it is we are selling patent assets and those would be subject to any existing encumbrances and those encumbrances are associated with license agreements revenue from which we would retain. Charlie Anderson - Dougherty …

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