Being a minority shareholder in an Illinois corporation can feel like being stuck in the in the back seat with no say in what direction the car is headed, while someone else controls the steering wheel. It may seem like you have little power against the majority...
A business partnership turns sour can be a stressful time for all the partners, However, it is important to focus on logistics and keep emotions under control. Before threatening to take a business partner to court, strategic steps can help to better ensure a...
Imagine one disagreement with a partner, vendor or employee that suddenly drains your time and money. Could your business handle it? Running a small business in Illinois comes with many rewards, but it also exposes you to legal risks that can threaten your finances...
For decades, attorneys, CPAs, and multiple websites have encouraged business owners to organize their business as a limited liability company (LLC), primarily to protect themselves from personal liability. That is still a good plan. However, both existing and new...
Business owners invest a considerable amount of time, money and pride into their company, whether it is a small business or a large corporation. However, there will inevitably come a time when a business owner steps down, retires or passes away. If Illinois business...
Recently I was asked by a client what remedies there might be for a website designer who already had access to their financial and confidential information. The client suspected the web designer might be trying to misuse their access to that information and their...
There are many ways in which business owners can approach business disputes, and various topics to explore. It is imperative to be aware of the different options that may be open to you if you have found yourself in this position, and you should also try to think from...
When it comes to business litigation, many business owners focus on the potential impact that a lawsuit may have on their company. For example, they may worry about the financial fallout of a lawsuit and any potential penalties they will encounter, and they may have...
Most companies start out private. But, if your business is steadily growing, it's normally time to start considering going public around $100 million dollars in revenue. A reverse merger is one easy way to do that. Here are just a few reasons why. How it works The...
Have you had a business partner that has abruptly chosen to end your professional relationship in Geneva? In such a scenario, you typically expect to be given the reason behind their change of heart. Hearing that the now-former partner simply believes it to be in...