Store Owners File Lawsuit Against Credit Card Companies Over Chip Readers

For a number of years now, self-service credit card machines have allowed customers at retail establishments around the country to pay for their merchandise without ever handing the cashier their credit card. If you have used one recently, you may have been told to insert your card into a different slot than before—one that is […]

Intellectual Property Theft Affects U.S. Economy, Causes Billions in Lost Revenue

When you own a business that produces any type of consumer goods, it can be relatively easy to study the market and determine that your product is unlike any others. By establishing your brand and emphasizing what sets your product apart from competitors, you can begin to take steps toward financial success. I am commonly […]

Preserving Your Family Business for Future Generations

Estate planning poses unique challenges for family business owners. For one thing, business tax laws can be complex. For another thing, a family business involves family – passing on ownership to a succeeding generation can be emotional and contentious. Parents might have a favorite child, they might not be forthright about their business plans or […]

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 […]

Tips For Avoiding An Employee Lawsuit

As small business owners look to the New Year, most will be considering new goals or practices that will help grow the business and exceed the successes of this year. Some business owners will work on developing new and interesting ways to turn a profit, others will begin brick and mortar renovations that will increase […]

Supreme Court Upholds Contract Law

In the course of running a business, contracts will need to be signed.  Contracts provide the framework for all businesses because it commits two parties to an exchange of money for goods or services.  Without contracts, nothing would be certain for any business. Sometimes, these contracts include clauses that can waive your rights to a […]

Guidelines to Follow with your Business Blog

The internet has become a business’s best friend and worst enemy.  The major benefit is that it is an easy way to reach millions of people.  Thus making the internet an easy way to advertise a business’s goods and services. Each year, more businesses turn to blogs in order to cheaply and effectively promote what […]

Bill Pushing for Business Tax Transparency Passes State Sentate

A bill passed by the Illinois State Senate would make public the tax data of all publicly traded companies. Senate Bill 282 narrowly passed the Senate by a vote of 30-27 and now heads to the House. Business interests say the bill, which would disclose (two years after filing) a qualifying company’s tax liability before […]

Common Shareholder Disputes

In the business world, it is not uncommon to hear about companies going to court over a number of issues. It is not, however, only an issue between two companies; shareholder disputes are also a factor in business. Since the legal side of business can get quite complicated at times, it is wise to contact […]

Marc Venture Buys Failed Condo Project

A Chicago investor, specializing in failed condominium developments, is paying $12.7 million for a project of 94 units that was left unfinished when the builder fled the country. Marc Realty Residential LLC led the venture purchasing the project, and the apartments were priced at $135,000 per unit, according to a story on www.chicagorealestatedaily.com. The venture […]