New business owners may feel overwhelmed by the number of decisions they have to make when forming a business. They may wonder what their options are when forming a business. Business formation should not be a decision new business owners worry about if they are armed...
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What makes a contract valid?
When an Illinois business owner enters into a contract, he assumes that it is valid and legal. A contract is a legal agreement between multiple parties. It usually details specific terms between the parties and ensure that everyone is in agreement. Contracts help...
NDA: Legally protect one’s confidential information
When Illinois residents are setting up their businesses or about to enter into a commercial transaction with a businessperson, they are most likely going to be disclosing confidential information to the other party. In such situations, creators and businesspersons...
Illinoisans dominates Midwest Entrepreneur of the Year awards
The recently released Midwest Entrepreneur of the Year awards showed that our state has a wealth of world class entrepreneurs. The Midwest Entrepreneur of the Year awards looks for the most innovative and successful entrepreneurs throughout Illinois, Indiana and...
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...
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...