business law

Those planning to start a new business in Illinois have to make many important decisions, including what type of business entity to establish. Formal business structures offer legal protection and sometimes even tax benefits to entrepreneurs. Many people with plans...

Choosing the right business structure can feel like a big decision. Your choice affects taxes, personal liability, how you run your business and future growth.  If you are starting a business in Illinois, it helps to understand the differences between a limited...

Starting an online business is a great way to get into entrepreneurship while minimizing operational costs. After all, there’s no need to worry about renting or buying a commercial space. State and local governments don’t require a physical office or storefront if you...

Business-minded individuals are always looking for profitable opportunities to start their own companies. Unfortunately, starting a new business can be easier said than done. If you are thinking of creating your own business, you must be ready for different...

Hiring independent contractors can offer flexibility and cost savings for your Illinois business. However, misclassifying an employee as an independent contractor can have significant legal and financial repercussions. So, how do you know which classification applies?...

There are many challenges associated with opening a small business in Illinois. Finding the funds to operate a business can be difficult, especially if one is looking for a lot of capital upfront to get started. Fortunately, there are opportunities for entrepreneurs...

When starting a business in Illinois, one can benefit from understanding the initial process to have the business registered within the state. Many people choose to start an LLC because the steps required are simple and easy to understand. Most small business owners...

You may be one of many people who want to work for themselves by starting a small business. Business ownership is a dream of many, but there is much more involved with entrepreneurship than just having a good idea for a company and launching a social media page. One...

Small business owners in Illinois often see the effects of legislation long before larger businesses notice an impact. In some cases, new legislation benefits small business owners and helps them grow. But some laws, like the ones that will begin on Jan. 1, 2024, may...

Most business owners in Illinois try to stay aware of any new regulations that could impact their operations. This can be difficult as legislators are often making new laws that are designed in theory to benefit workers. However, some laws can hinder a business’...