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 […]

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 […]

When Should Owners Develop An Exit Strategy?

Many times an owner of a business, particularly a family owned business, will question when they should develop an exit strategy from that business. It may sound counterintuitive, but the time to develop the exit strategy is when you acquire or go into the business, not at a later point in time when you have […]

Why Have Share Transfer Restrictions for Closely Held Corporations (or even LLC’s)

By Denice A. Gierach – May 13, 2010 Most people have investments that include stocks that are publically traded, with the New York Stock Exchange or the NASDAQ. It is expected that shareholders will from time to time trade their shares. There are such large numbers of stock issued by a particular corporation that usually […]