Why do so few inventions make money? Not for a lack of good ideas -- brilliant inventors like Charles Goodyear and George Ferris all went broke. What they lacked was solid business knowledge. Any inventor who wants to succeed in today's competitive innovation environment has to understand legal, tax and business issues. What Every Inventor Needs to Know About Business and Taxes helps you determine who owns an invention, protect and enforce invention rights, choose the proper structure for your business, deduct invention expenses and transfer invention rights. The book provides the straightforward, reader-friendly information you need to properly organize and run your inventing activities like a business, get the government to help your efforts by taking advantage of the tax laws, understand the laws that protect inventions and enable creators to make money. What Every Inventor Needs to Know About Business and Taxes provides all the answers every inventor needs, including the latest tax laws, sample forms and references to helpful resources and websites.