Yet another successful meeting in Hyderabad, where the attendees got to learn a great deal about patents and licensing in India.
We had Mr. Farook Musthafa Shaik, a CMA who has expertise in registering companies, share his wisdom with us. He talked about the importance of brand names, patents, and trademarks and how vital they are in adding to the future worth of a company as intangible assets. He also talked about how these intangible assets play a major role in the valuation of a company.
He further elaborated on the legal requirements for registering a company and how they depend on the company type i.e. whether it’s a sole proprietorship, partnership, LLC (Limited Liability Company), Private Limited Company, etc.
We also discussed about software patents in particular as we had some entrepreneurs with tech start-ups who wanted to know the nitty-gritties of patenting software and protecting them.
Another discussion point was creating strong brand names and how one should name a company in a way that makes it easy to launch multiple products under the same brand name. The attendees exchanged their views on the same. The discussion was so engaging that one hour was not enough and the meeting continued for another hour!
It was a very knowledgeable session indeed. A big thanks to Mr. Farook Musthafa Shaik for sharing his knowledge and all the other attendees for making the discussion so insightful.
Ideas discussed, knowledge shared, and horizons broadened!
Let’s keep the ball rolling, entrepreneurs!!
City Mayor, Hyderabad