When individual entrepreneurs join forces to start a new business, their excitement level is usually very high. Sometimes, the excitement can block from view the need to prepare documents that may be crucial to the company’s future. One of these agreements is a...
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
business law
People have the right to hold loan firms accountable
Most Illinois residents at some point have probably taken out a loan from a bank or other financial company. Usually, these firms are above board in that the terms of the loan are clear, and a borrower has an opportunity to review and understand them. These loans help...
When can a seller break a real estate contract?
In Illinois, buying and selling a home involves a lot of paperwork. One of the most important documents is your real estate contract. Everyone hopes the sale process will go smoothly; however, as we all know, life is unexpected. If you are selling your home, there are...
What should I know about corporate registration in Illinois?
Starting a business in Illinois can be an exciting and somewhat worrisome time for prospective business owners and investors. Even those who already have a successful business might think about certain legal issues that need to be addressed. One is understanding how...
What is a force majeure clause?
The heart of contract litigation is based on predictability and certainty between the parties. Sometimes when events occur that are outside of the parties’ control, they are allowed to invoke their force majeure provision of their contract to relinquish any...
Consider personal liability when starting a business
If you are starting your own business in Illinois, you are probably aware that business owners face many unique challenges that they would not face if they were employees. One challenge may be being held personally liable for debts owed by the business. What is...
Advantages and disadvantages to an LLC
If you are a new business owner in Illinois, one of your first steps will be determining which type of business formation you want for your business. The formation you choose will serve as the blueprint for your business and will have a significant impact on all...
Have a succession plan in place before you need it
As you established your small business in Illinois and watched it grow into a lucrative enterprise, you may have been focused on the here-and-now. However, the day will eventually come when you want to leave the business, for example, to retire. If so, you will need a...
How a buy-sell agreement can save a business
Organizing a new business can be an exciting, and no one in the midst of this adventure wants to contemplate any change to a business plan whose completion that probably required several months of dedicated effort. Unfortunately, the future is infamously uncertain,...
Has your business been harmed by fraudulent misrepresentation?
A lot of small businesses in Illinois and Missouri pride themselves on their hard work and the strength of their word. This means that most of these businesses enter into agreements with the full intent of keeping their promises. But, as you’re probably well aware,...