WHO OWNS WHAT?
WHETHER TO REDUCE COSTS, HIRE FOR A UNIQUE SKILL, OR REMAIN FLEXIBLE, OUTSOURCING TO SUBCONTRACTORS AND FREELANCERS IS ON THE RISE WORLDWIDE. HOW IS THIS AFFECTING YOUR OWNERSHIP? Whether to reduce costs, hire for a unique skill, or remain flexible, outsourcing to subcontractors and freelancers is on the rise worldwide. How is this affecting your ownership? To download the PDF article, click here . A LITTLE-KNOWN FACT is that work outsourced to freelancers, independent contractors or subcontractors, such as software development, the writing of blog content, and the creation of logos and drawings, is owned by the person who authored them — the freelancer or subcontractor. Strictly speaking, the copyright to the work is owned by them. WHAT DOES THIS MEAN FOR YOUR BUSINESS? Let’s use John as an example. John has for years worked hard at his entrepreneurial vision of creating a new online peer-to-peer lending platform, and requires his software development and company...