How is the gross income limit for micro entity status determined?
The gross income limit for micro entity status is determined as follows: It is set at three times the median household income for the preceding calendar year, as reported by the Bureau of the Census. The USPTO publishes the current maximum qualifying gross income on their website. This limit applies to each applicant, inventor, and…
Read MoreHow does assigning ownership rights affect micro entity status?
Assigning ownership rights can significantly affect micro entity status. The MPEP provides the following guidance: An applicant is disqualified from micro entity status if they transfer, or are obligated to transfer, any ownership interest to an entity that exceeds the gross income limit. If an inventor assigns all rights to an employer that exceeds the…
Read More