Reasons to Form an Illinois S Corporation

When starting up a company in Illinois, you will research various formation options available under state law and do your research to find the right fit for your business. Many in your position lean towards a corporation because of the benefits it offers, both for owners and the entity. However, you may not realize that […]

Options when Buying or Selling a Business in Illinois

Because every business is unique, every deal involving a purchase or sale will bear numerous, distinct details that need to be addressed from a structuring point of view. Still, there are just three basic options for buying or selling a business: Stock purchase, asset acquisition, or a merger of the companies. The Illinois Business Corporation […]

Four Reasons Your Illinois Business Needs General Counsel Services

Illinois business owners know the importance of retaining a lawyer for formation and start-up, as well as drafting and reviewing contracts. Not as many realize how critical it is to have access to general counsel on a regular basis. Some stakeholders may only reach out to an attorney after an issue has emerged, at which […]

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 […]

Naperville Business Lawyer Discusses Getting Your Successor Ready for the Job

If you are a business owner, you probably have an idea of what your company will look like in five years. But, what about in 10 years or 20 years? Will you still be in charge of the day-to-day operations or will you have handed the reins over to a successor—possibly even your own child […]

Naperville Business Lawyer Discusses the Importance of Wording in Business Contracts

If you are like most people, you were probably told at a fairly young age that you should carefully read everything you sign, especially contracts. If you are a business owner, it is likely that you now understand why: the wording of a contract matters. More than that, the way in which a contract is […]

Naperville Business Lawyer Discusses LLCs and Corporations

If you are thinking about starting your own business, one of the first steps you must take is figuring out which type of company your business will be. Both LLCs and corporations are viable options, and both have benefits and drawbacks. In my practice as a business law attorney, I have helped many business owners […]

Naperville Business Lawyer Discusses a New Trend in Impulse Buying

When you hear the phrase “impulse buying,” what do you think of? Do you picture the checkout line at the grocery store packed with candy bars, tabloid magazines, and a random assortment of other items? Or, maybe you think about an eye-catching display of high-end home accessories that you did not realize you needed until […]

Naperville Business Attorney Discusses the Closure of For-Profit College

Government regulations regarding recruiting and educational standards are being blamed for the second major closing in the for-profit education sector in recent years. ITT Technical Institute—one of the largest for-profit chain of colleges in the country—suddenly closed nearly all of its 130-plus campuses in 38 states, leaving some 40,000 students without a way to continue […]

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, […]