C-Sweet Distillers and Brewers is owned by three sorority sisters. They got the idea to establish a women-owned distillery while in college. The company also operates micro-pubs near college and university campuses. Two years after the business was established, the owners took inventory of their assets, including their intangible personal property. Included in this inventory is a unique formula that stimulates the change in movement, humidity, temperature, and elevation that creates exotic colors and tastes for bourbon. They call the formula Dissimulation. The company also developed a device called The Distimulator to produce the process. Both the formula and the device would give C-Sweet a distinct competitive advantage in the market.

Describe the steps C-Sweet would need to take to legally protect the formula and its invention.