Many small business owners fail to understand or realize the value in their intellectual property. According to valuation experts, intellectual property (IP) makes 40% to 90% of the total value of some companies. Given this information, it is vital that these assets are well guarded. However, IP is a little murky in the legal realm. If you’re not educated about copyrights, trademarks, and patents, you might be at a huge disadvantage. Make sure to always contact your Creative Business Lawyer to secure your IP assets. They can give you some idea of how complicated this legal landscape can truly be. Here are four popular myths about IP protection for business owners to think about.