In today’s economy, working gig jobs as an independent contractor or even being the sole proprietor of your own small business is becoming increasingly popular. It can be rewarding to work on your own terms. As a business owner or independent contractor, you have...
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Godfrey Illinois Law Blog
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...
Essential points about revoking a will in Illinois
Estate planning is a wise step in Illinois. This is true for everyone whether they believe they have enough property to warrant it or not. It is especially true for those who have achieved significant success in life by building a business, accruing vast assets and...
New rules for inherited IRAs
Estate planning strategies that can reduce the tax burden are always welcome news for Illinois residents who want to take care of loved ones after they are gone. With ever-changing tax laws, however, it can be challenging to keep up with the new rules and how these...
What is key man life insurance?
Key man life insurance helps to protect a business’ most important asset: human capital. A business purchases this specific policy to insure the life of a company employee. Specifically, the insurance is designed to insulate the company from the losses of an employee...
Good intellectual property licensing can help avoid litigation
Once a business becomes successful, it likely has an entire intellectual property portfolio that includes patents, trademarks and various copyrights. And, one of the ways successful brands and businesses increase their income streams is by licensing parts of that...
Do I need a business plan for a nonprofit?
Godfrey area residents seeking to establish a nonprofit organization may wonder if a business plan is necessary. A business plan is a written document detailing the goals of a business and how those goals will be achieved. It is a commonly used tool in a for-profit...
A pet trust can protect your pet after you are gone
As many people consider pets as part of the family, pet trusts are a tool many families count on time protect their pets if they pass away. Historically, pets were considered property in the eyes of the court, but nowadays, courts recognize that pets are living beings...