With a new year and a new decade in full swing, you may have decided it is the right time to start your own business. Although it can be stressful, starting a business can be very fulfilling. There is a significant commitment required for a successful business, and it...
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Common mistakes when starting a small business
Starting a small Illinois business is a balancing act. Your work and personal lives are about to change in big ways. Dedication is part of your successful formula. You also have to plan, plan and plan some more. Otherwise, you are setting yourself up for common...
What mistakes should I avoid with my startup?
Starting a business in Illinois is a huge undertaking. Finding success in the business world is difficult, and you have probably heard the statistics about business failure. However, that should not chase you away from following your dreams. You can help ensure your...
Steps to protect your business from a lawsuit
Having your own business can be a rewarding and profitable experience, but it can also bring about litigation, which occurs more and more often. To protect yourself and your business, it is important to set yourself up for success and cover all your bases as far as...
What should I look for in a business partner?
Some Illinois business owners want to expand their operation by bringing in a partner. Alternatively, you might be starting off your first company and want to do it with a partner. No matter the reason, forming a business partnership is a crucial step that can make or...
The necessity of having a partnership agreement in writing
No matter the type or size of a company that is set up in Illinois, it is a good idea that business owners set up important contracts and agreements in writing. This is considered to be a smart company practice due to the fostering of mutual understanding and...
How do you choose the right structure for your business?
As an entrepreneur in Illinois, you know that taking care of all the legal and administrative aspects of your business is often time-consuming. Along with bringing in clients and creating invoices, you also need to make sure you pay taxes and register your business...
Proposed Illinois law unfairly applies to small businesses
It is reasonable for consumers in Illinois to desire greater privacy protections and transparency when it comes to how businesses collect and use their personal information. Yet privacy should not come at the unfair expense of small businesses. Illinois House Bill...
Using strategy to secure rewarding business contracts
Some of the most rewarding parts of operating your company in Illinois will be the invaluable opportunities you have to network with and form agreements with other successful entities that may enable you to access an entirely new level of success. Developing contracts...
What steps must you take to dissolve your business?
There are many different reasons you may have to dissolve a business in Illinois. Regardless of your rationale, however, there are certain steps you have to take when shutting down a corporation, limited liability company or partnership. The following is not an...