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...
For business owners, being taken to court can be one of the most stressful experiences they will have to work through. Not only can legal action in and of itself be difficult, but they may be worried about the ramifications of a lawsuit. Will additional people decide...
If you are in a partnership for a business in Illinois, more than likely you are not always going to see eye to eye. There are certain disputes that many partners face over the course of sharing a business, and if you handle them in the right way you can move past...