Business Law

Protecting Your Small Business From Common Lawsuits

Posted on November 24, 2020

lawsuits, Naperville business lawyers

When you own and operate a small business, it can be the realization of a lifelong dream. Many business owners are drawn to the freedom and financial opportunities offered by owning and running a successful company. As a business law attorney and a small business owner, I also realize the risks that come with business ownership. For example, small business owners are always operating under the fear of facing a lawsuit. A small business can be sued for a plethora of reasons. Even if the cause of action has little […]

Posted in Business Law

With New COVID-19 Restrictions Possible, Positivity Is More Important Than Ever

Posted on November 17, 2020

Naperville business lawyers

There is no question that 2020 has been a year like none of us have ever experienced. We are now nearly eight months into the COVID-19 pandemic, and the recent general election was perhaps the most divisive that we have ever seen in our lifetime. Back in March, the state of Illinois and the City of Chicago—along with much of the country—instituted stay-at-home orders and lockdowns of various businesses designed to slow the spread of the contagious disease. In early summer, as the count of infected individuals started to level […]

Posted in Business Law

The Dangers of Overbroad Non-Compete Agreements

Posted on November 10, 2020

non-compete, Naperville contract attorneys

Many employers require their workers to sign non-compete agreements (NCAs), especially when the employees have unique talents or abilities. Employers are within their rights to try and limit any damage that may be caused to their brand by an employee’s departure, but if they overstep legal bounds, the non-compete agreement may be declared invalid. As a business law attorney, I am often asked about non-compete agreements by my clients. I remind them that they must be careful when requiring employees to sign NCAs, but when used properly, such agreements can protect […]

Posted in Business Law

The Importance of a Shared Vision in a Business Merger

Posted on November 3, 2020

mergers, Naperville business law attorneys

Business mergers, when done right, can be mutually beneficial for all involved parties. However, there are some serious challenges that companies must overcome when dealing with mergers and acquisitions. Without the proper planning and preparation, these obstacles can lead to financial loss, a lack of shareholder returns, and possibly even complete financial devastation. As an experienced business law attorney, I understand the potential advantages and the potential pitfalls of a merger or acquisition. Whether you are interested in purchasing an existing business or you believe your business will fare better […]

Posted in 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

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