Godfrey Illinois Law Blog
The dangers of failing to devise a sound estate plan
After a lifetime of hard work and planning, most Illinois residents look forward to enjoying their retirement years and passing on their wealth to their loved ones. One of the most effective ways to ensure that one’s assets and money go to the parties and entities of...
Litigating a non-compete agreement
Non-compete agreements between employers and employees are often the subject of dispute in many Illinois litigations. Therefore, it is important that your attorney be very familiar with case law regarding these agreements, as well as the tendency of Illinois courts...
4 employer responsibilities in Illinois
In the early days, your business may be small enough to operate on your own. However, as your business grows, you may have to hire some help. As an employer, you have obligations to the state and to your employees in addition to the other responsibilities involved in...
Launching a charity is legally complicated
Many people in Godfrey and throughout the greater Saint Louis area may be interested in forming a charity for some noble cause. As people probably guess, forming a charity or nonprofit is not just a matter of having a good cause and funds available for spending. There...
When choosing a business structure, consider liability
When an entrepreneur in Illinois is deciding on their business structure, one of the first things they should consider is whether they want to be held personally liable for business debts. Generally, in a sole proprietorship, the founder/owner of the business is...
Know your options when it comes to complex litigation
Many businesses and individuals in Illinois will only ever have limited exposure to the courts, whether it is state or federal court. After all, litigation usually only arises when other potential options to resolve an issue have been exhausted. However, when...
A quick look at the prerequisites of class action lawsuits
Litigation can be complex. Facts can be numerous and challenging to decipher, there can be multiple parties with various interests, and the court’s and a jury’s interpretation and application of the law can be somewhat of a mystery. This can be especially true when it...
Dealing with estate taxes
Death and taxes. Many people in Godfrey not only view those as the two basic inevitabilities in life but also two things that are inextricably linked; when you die, you (or more appropriately, your estate) will have to pay taxes on the assets that you earned during...
Why you need a business partnership agreement
When you start a business, you are investing in your future. It likely is the biggest financial decision of your professional life. You will feel the impact, bad or good, for decades. When you go into business with a partner, your life becomes even more complex. Your...
What should your partnership agreement contain?
If you contemplate setting up your new business as a partnership, your partnership agreement will become your foundation document. As such, it should not only be written, but also carefully drafted so as to cover all major potential issues that could arise. FindLaw...
