New Bill Requires Employers to Set Up Mandatory IRAs for Employees

A new bill has been passed by the Illinois State Senate that requires employers to set up retirement accounts for all of their employees. This bill passed earlier this week imposes significant requirements on business owners throughout the state. It is unclear yet what effects this employer managed retirement account law will have on employer […]

Resume Red Flags and Green Flags for Choosing the Right Employee

A well-crafted resume offers an employer a glimpse into the professional life of a potential new hire. A small business is only as good as the individuals it employs, and all small business owners must be careful to choose the right new employee. Our small business law attorneys at the The Gierach Law Firm have […]

Options for Selling Your Small Business Online

Has your profitable business become too much for you to manage on your own? Are you interested in early retirement, or in making a sharp career change? Are you ready to become a small business owner, but would prefer to purchase a business that’s already up and running? If you answered yes to any of […]

New Small Business Administrator Appointed to United States Senate

Earlier this week the year-long search for a new Small Business Administration (“SBA”) leader ended with the appointment of Maria Contreras-Sweet. Contreras-Sweet was nominated by President Obama, and was confirmed this week by the U.S. Senate. Many believe that Contreras-Sweet’s appointment will breathe a breath of fresh air into the SBA, while also encouraging the […]

Religious Objections and the Provision of Contraception Under Employer-Based Insurance Programs

The Supreme Court of the United States has a very important case before it that could have a big impact on the obligations on an employer’s duty to deliver health insurance for its employees. The Supreme Court must determine whether for-profit corporations can refuse to provide contraception coverage, as required under the Affordable Care Act, […]

Same-Sex Marriage Raises Questions for Illinois Businesses

Illinois businesses involved in the wedding industry may find themselves facing a dilemma as same-sex couples begin to legally marry in 2014. The legislation, which was signed into law in 2013, may require some business owners to violate their personal beliefs in order to stay within the law. According to the Quad-City Times court battles […]

Starbuck Loses Trademark Lawsuit

In a legal case of David and Goliath, a small NH coffee shop has prevailed over a trademark infringement lawsuit filed against them by corporate giant Starbucks. Jim and Annie Clark own and operate the Black Bear Micro Roastery, located in Tuftonboro, NH. One of the coffee blends offered to their customers is called “Charbucks.” […]

The Debate Over LLC Filing Fees in Illinois

Within Illinois, limited liability corporations (“LLCs”) are a business structure used by many small business owners and entrepreneurs. The Illinois Secretary of State reported that in 2012 over 29,000 businesses in the state filed under LLC status, which was 2,000 more than the previous year. LLCs allow businesses to avoid corporate taxes, while also shielding personal […]

504 Loans Offer Alternative Sources of Financing for Illinois Businesses

New relief is coming to small business owners in Illinois who are looking for inexpensive, high-quality financing from lenders they can trust. This year the Regional Development Company (“RDC”), a highly respected regional community development organization, will be extending its reach into Illinois. What is the RDC? The RDC is a federally certified business development […]

Changes in the Tax Code For Businesses in 2014

The end of the year is always a time that business owners find themselves scrambling to make sure everything is in order. There are year-end bonuses to consider, new laws to plan for, and, of course, taxes to think about. 2013 was a big year for business owners when it came to tax considerations. One […]