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The "micro entity" status is a further status, which was introduced with the Leahy–Smith America Invents Act (AIA), enacted in 2011. The small entity status allows small businesses, independent inventors, nonprofit organizations to file a patent application and maintain an issued patent for a reduced fee—a 60% reduction. [1]
Title 37 is the principal set of rules and regulations issued by federal agencies of the United States regarding patents, trademarks, and copyrights. It is available in digital and printed form, and can be referenced online using the Electronic Code of Federal Regulations (e-CFR).
Changes to US patent law in December 2012 created a sub-category of Small Entity Status called "Micro Entity Status" [66] for inventors who qualify for Small Entity Status, but also have a gross income less than a certain amount, and have assigned their patent(s) to their employer which is an institution of higher education. [67]
Micro entity may refer to: A form of legal person in patent law, see Large and small entities in patent law; Small and medium-sized enterprises#United Kingdom
Sponsored by senators, Birch Bayh of Indiana and Bob Dole of Kansas, the Act was adopted in 1980, is codified at 94 Stat. 3015, and in 35 U.S.C. §§ 200–212, [1] and is implemented by 37 C.F.R. 401 for federal funding agreements with contractors [2] and 37 C.F.R 404 for licensing of inventions owned by the federal government.
It is available in digital and printed form, and can be referenced online using the Electronic Code of Federal Regulations (e-CFR). 30 CFR Part 11 regulations for respirators have been moved to Title 42, Part 84. [1]
The 2020 edition of the Armenian Tax Code the concept of micro-enterprise defines in which case the company or sole owner doing business in this form, is exempt from paying sales tax. [6] In Armenia the micro-enterprise business set up can take individual entrepreneurs, people who do some activities but cannot have employees.
The term public benefit corporation (PBC) or another abbreviation may be added to the entity's name if the founders choose. Finally the share certificates that are issued by the entity should state that the firm is a public benefit corporation. A shareholder vote is required to amend the articles which must include "non-voting" shares.