Naperville Business Attorney Discusses Choosing Your Successor

Family-owned businesses represent a significant portion of the American economy and are a proud tradition for many families. According to national estimates, family-owned companies comprise 90 percent of businesses nationwide and are responsible for more than 60 percent of the jobs in this country. As a business law attorney, I have helped many business owners, […]

Naperville Business Attorney Discusses the Potential Impact of a Divorce on Your Company

Family-owned businesses are, for many, embodiment of the “American Dream.” Opening a company with the intention of passing it down for generations to come can be both exhilarating and highly profitable. There are, however, certain events that could throw the proverbial wrench into the gears of your long-term plans, and some are not even business- […]

Naperville Business Lawyer Discusses Family-Owned Hot Dog Stands in Chicago

Every year, thousands of new businesses are started by entrepreneurs and investors with the hope that they will endure for years to come. Unfortunately, many startups never reach a sustainable level of success, often closing their doors within a relatively short amount of time. Some, on the other hand, are passed down from one generation […]

Beating the Odds: Naperville Business Lawyer on the Long-Term Health of Family Businesses

Many entrepreneurs are constantly looking for “the next big thing.” They find an idea or startup opportunity, invest time and resources into the project, then sell the new company for a substantial profit relatively quickly. Other would-be business owners are in the market for something completely different. They would rather start with a business concept, […]

Naperville Small Business Attorney Discusses Potential Family Business Hazards

Throughout the business world, there are many stories of family-owned companies that started small and grew to become social and corporate icons. Famous examples include The H.J. Heinz Company, S.C. Johnson, and the Ford Motor Company. However, owning and running a family business can be extremely challenging, and determining appropriate roles within the company for […]