Business Law
8 Steps to Follow When Selling a Business
Posted on February 5, 2024
Selling a business is a complex, multi-step process that requires careful planning and execution. Whether you are retiring, looking for new opportunities, or experiencing financial difficulties, selling your business can be a significant decision that will have an impact on your future. To ensure a smooth and successful transaction, it is crucial to follow the proper steps when selling your business. An attorney with experience representing clients in business transactions can help ensure that you follow all of the correct procedures while working to protect your financial interests. Step 1: […]
When Can Contract Disputes Be Resolved Through Mediation?
Posted on January 29, 2024
Disputes involving contracts can arise in many situations, and they may affect a business in many ways. When parties to a contract find themselves at odds over the terms of a contract, an alleged breach of contract, or other issues related to the agreement, they may have multiple options for addressing these concerns and resolving their disputes. In some cases, contract disputes may be resolved through litigation in court. However, there are alternative methods of dispute resolution that can save time and money and preserve relationships. One such method is […]
How Do Zoning and Land Use Laws Affect Real Estate Developers?
Posted on January 22, 2024
When it comes to real estate development, navigating the complex web of zoning and land use laws can be difficult. However, it is crucial to understand how these laws may affect a developer’s plans to use a property, make improvements, and sell or lease property to commercial tenants or other parties. Zoning laws dictate how properties can be used and developed in a specific area, ensuring that land is used appropriately for its intended purpose while being compatible with neighboring properties. Zoning laws regulate the use of land within a […]
5 Ways a Business Can Benefit From a Partnership Agreement
Posted on January 12, 2024
A partnership agreement is a legal document that outlines the rights, responsibilities, and obligations of each partner in a business venture. It serves as a crucial foundation for any successful partnership, providing clarity and protection to all parties involved. If you are considering entering into a business partnership or already have one in place, it is essential to understand the benefits that come with having a well-drafted partnership agreement. An attorney with experience in business law can help you create a partnership agreement that meets your needs. By establishing an […]
The Importance of Having Written Contracts
Posted on January 4, 2024
In the world of business, contracts play an essential role in establishing clear expectations and protecting the rights and interests of those involved. In Illinois business law, having written contracts is a best practice and a legal requirement in certain situations. If you are a businesswoman or businessman and are looking for legal guidance in the area of written contracts, a dedicated and qualified attorney will be happy to help you. The Two C’s Written contracts provide clarity and certainty by outlining the terms and conditions of a business agreement. […]
5 Reasons Why Business Partner Disputes Can Lead to Litigation
Posted on December 28, 2023
When starting a business, one of the first major decisions made involves choosing a partner. A business partnership can provide many benefits, such as shared responsibilities and resources, complementary skills, and increased credibility. The nature of a partnership may determine how a business will be structured, and the choice of the right type of business entity can help partners manage and operate the business successfully. However, even the most promising partnerships can sometimes go sour. Business partner disputes can arise for various reasons, and they have the potential to significantly […]
Why Business Transactions Should Include Non-Disclosure Agreements
Posted on December 20, 2023
In fast-paced and competitive business environments, protecting confidential information is crucial. One effective way to safeguard sensitive data during business transactions such as mergers and acquisitions is through the use of non-disclosure agreements (NDAs). These legal agreements establish a framework of trust and confidentiality between parties involved in a transaction, preventing unauthorized disclosure or use of valuable information. An experienced attorney can ensure that the parties to a transaction fully understand how non-disclosure agreements will affect them while also ensuring that the terms of an NDA will provide the necessary […]
How to Prove Breach of Contract During Business Litigation
Posted on December 12, 2023
For many businesses, contracts serve as crucial legal agreements that protect the rights of the parties involved and provide assurance that all legal obligations will be met correctly. Unfortunately, there are some situations where one party may fail to uphold their end of the bargain, resulting in a breach of contract. When this happens, it may be necessary to pursue legal action through business litigation. For business owners who believe another party has breached a contract with their companies, it is crucial to understand how to prove this breach during […]
Benefits and Drawbacks of Structuring a Business as a Corporation
Posted on December 4, 2023
When starting a business, one of the key decisions to make is how to structure your company. There are a variety of different types of structures available, including sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. A corporation can offer a number of advantages, but this structure may only be appropriate for certain types of businesses. An attorney who has experience in business law can provide guidance on whether a corporation is the ideal business structure, and they can also ensure that the proper procedures are followed when incorporating […]
How Can Business Owners Protect Against Employee Discrimination?
Posted on November 29, 2023
Discrimination in the workplace is a serious issue that can have significant legal and financial consequences for businesses. As an employer, it is your responsibility to create a safe and inclusive work environment where all employees are treated fairly and equally. To ensure that you are putting the correct policies in place that will protect you and your employees, you can work with an attorney who has experience in business law and employment law. Educate Yourself and Your Employees The first step in preventing employee discrimination is to educate yourself […]
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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.
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