Business Law

What You Should Know About Incurring Startup Debt for Your Business

Posted on October 28, 2020

debt, Naperville business law attorneys

As a small business owner and a business law attorney, I understand that starting a new business venture requires money—or capital, as it is often called in the in the corporate world. Some new owners fund their fledgling business through investors or with money they have set aside for just that purpose while others take out loans. According to a new study, the type of loans that a business owner takes out may be linked to the future success of his or her company. Business vs. Personal Loans Unless a […]

Posted in Business Law

Southwest Airlines Announces Plans to Serve Chicago’s Largest Airport

Posted on October 22, 2020

airline, Naperville business law attorneys

There is no question that 2020 has been a year filled with unique challenges for everyone. Individuals and families have been forced to abide by stay-at-home orders, and many businesses were shut down for extended periods. As things begin to open back up, however, some companies are finding new ways to increase their revenues by seizing opportunities where they become available. One local example can be found in the plans recently announced by Southwest Airlines to expand operations to Chicago’s O’Hare Airport for the first time in the airline’s history. […]

Posted in Business Law

What You Should Know About Starting a Family Business

Posted on October 20, 2020

family business, Naperville business law attorney

As a business law attorney and a business owner, I understand that opportunistic entrepreneurs always have their eyes open for the next “big thing.” They come across a business idea, invest a great deal of money and time into building the idea into a business, then sell the new venture to a larger company for a significant profit—often rather quickly. Other business-oriented individuals are looking for something quite different. They prefer to begin with an idea, build a foundation, grow the idea, and create a sustainable company that can be […]

Posted in Business Law

Important Considerations for Choosing Your Successor

Posted on October 13, 2020

successor, Naperville business lawyer

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, and I am familiar with the challenges that family businesses face. Among the toughest is planning for the future of the business, especially across generational lines. Selecting the right family member to step in as […]

Posted in Business Law

How Non-Disclosure Agreements Can Protect Business Negotiations

Posted on October 8, 2020

non-disclosure, Naperville contract attorneys

The success of many business owners is dependent on the manner in which they approach relationships with other businesses and entrepreneurs. While a business professional should be as good as his or her word, and a handshake should still carry significant meaning, it is more important than ever that most agreed-upon details should be formalized as a written contract, especially in significant business transactions. For a large number of transactions, the first step is often a non-disclosure agreement, or NDA, designed to protect a company’s professional interests. What is a […]

Posted in Business Law

Bed Bath & Beyond Announces Closures and New Strategies

Posted on October 6, 2020

Bed Bath & Beyond, Naperville business lawyers

When you own a business, you can never allow yourself to become stagnant, even if everything seems to be working perfectly. Over time, market conditions change, as do your customers’ desires and your competitors’ efforts to keep up. It is certainly important to keep doing the things that are working for your business, but it is equally important to recognize the parts of your business that might be slowing your growth. In practice, this could mean you need to make cuts in certain areas. The good news, however, is by […]

Posted in Business Law

How a Divorce Can Affect Your Family Business

Posted on September 28, 2020

divorce, Naperville business law attorney

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- or industry-related. As a business law attorney, I understand that a divorce between spouses who own or run a business together can be spell major trouble for the company. Due to the complex nature of […]

Posted in Business Law

Protecting Yourself as an Entrepreneurial Inventor

Posted on September 22, 2020

inventors, Naperville business law attorney

Entrepreneurial inventors are part of a unique class of small business owners. Not only are they responsible for the creation of the product that they sell, but often they must take care of the front-end business management responsibilities and costs. Though an individual may have a brilliant idea, getting the idea turned into a tangible and marketable product can cost a lot of money and take years to come to fruition. As a small business law attorney and business owner, I understand the struggles that many entrepreneurs face. To that […]

Posted in Business Law

4 Tips for Creating a Winning Business Idea

Posted on September 20, 2020

business idea, planning, Naperville business attorney

Have you ever thought of a unique product or service that might provide the basis for a profitable business? Or maybe, you observed the manner in which an existing company offers a particular product or service and thought you could dramatically improve on it. No matter where the creative spark is born, an idea for a product, service, or new company must be carefully analyzed and researched before jumping with both feet into full-scale sales. Along the way, a qualified business attorney can help you identify and address potential concerns, […]

Posted in Business Law

Keep Negative Online Reviews in Perspective

Posted on September 14, 2020

negative, Naperville business attorney

No matter what your chosen industry may be, your customers or clients represent the very reason for your company’s existence. If there was no one to buy your products or services, offering them would be completely pointless. For many business owners, including a large number of my clients, offering world-class customer service is a top priority, which helps to build client relationships and improve customer satisfaction. When a customer relationship sours, however, it can be very easy to take the situation personally, especially if the customer takes his or her […]

Posted in Business Law

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