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...
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Godfrey Illinois Law Blog
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...
Homestead laws may help protect property owners during bankruptcy
When you experience financial hardship in your life, you may find yourself in a position where you can no longer afford your mortgage payments. This is a scary situation for many people who are facing bankruptcy and you may wonder if you will end up homeless. We...
Is my estate plan valuable before my death?
Many people wrongly believe that estate planning is just planning for death. A well-thought-out plan can be so much more than just dictating what you want to happen after your death. It can be a valuable tool that proves useful during your life. This makes estate...