Business Law

Helping Employees Pay Student Loans Is a New Incentive to Attract and Keep Top Talent

Posted on August 9, 2022

The cost of a college education has skyrocketed in the last few decades. About half of all college students graduate with debt, and the average amount owed is just under $30,000. Many employers recognize the massive financial burden their employees with student loans are currently facing. Simultaneously, employers across the country are struggling to attract and keep high-quality workers. In response to these concerns, more and more employers are offering various types of student loan relief to employees. The CARES Act has paved the way for employers to offer student […]

Posted in Business Law

Is Your Anti-Discrimination & Cultural Training Up to Today’s Standards? 

Posted on August 2, 2022

naperville business lawyer

The United States is often referred to as a “melting pot.” Few other countries are as diverse as the U.S., and many small and medium-sized businesses reflect this.  Companies with employees of varied backgrounds, cultures, genders, and ethnicities benefit from workers’ unique life experiences and perspectives. Originality, creativity, and outside-the-box thinking are just some of the advantages associated with a diverse workforce. Businesses staffed with employees of differing life experiences are also less likely to get caught up in groupthink which leads to suboptimal business practices and stagnation. Unfortunately, discrimination […]

Posted in Business Law

How To Write A Business Plan And Seize The Opportunity Of Business Ownership

Posted on July 21, 2022

naperville business lawyer

Running a successful business is harder now than it has ever been. However, for many, now is the perfect time to start a new business. Challenges like inflation, supply chain issues, and worker shortages force entrepreneurs to adapt and overcome. It is often during the darkest times that the most innovative ideas and solutions are formed. Business owners and business leaders dealing with the current struggles have an opportunity to see things through a new and different lens. Many have devised creative products and services to meet the needs of […]

Posted in Business Law

Are You Able to Be a Visionary at Your Company?

Posted on July 14, 2022

naperville business lawyer

Most small and medium-sized businesses begin as an idea. Over time, that idea is developed and refined into a thriving company. Most entrepreneurs are dreamers at heart. However, they are forced to focus on more practical, immediate matters when building their businesses. Unfortunately, many business owners and business leaders find themselves so busy dealing with day-to-day business operations they no longer have time to be the visionary they once were. If this situation describes you, it may be time to reevaluate how you spend your time. Are you taking on […]

Posted in Business Law

How Do Business Owners Plan for Life-Changing Events?

Posted on July 12, 2022

naperville business lawyer

If the last few years have taught us anything, it is that life is full of unexpected changes. When you own a business, planning for life-changing events must be a top priority. For many owners of small- and medium-sized businesses, their business is their most valuable asset – both financially and personally. Consequently, protecting the business’s future is essential.  Having a detailed business succession plan in place is one of the best ways to protect a business in the event of an unexpected illness or death. Business succession plans can […]

Posted in Business Law, Estate Planning

Review Your Business Contracts Frequently to Ward off Problems

Posted on July 7, 2022

naperville business lawyer

Contractual relationships are the backbone of a successful business. Unfortunately, many business owners are stretched so thin that reviewing contracts gets put on the back burner – especially during these chaotic times. It can be easy to overlook contract renewals or proceed with a renewal without updating or negotiating the contract terms. Business contracts should be checked frequently to account for changing needs, increased expenses, and other concerns. Failing to regularly review and modify contracts as needed can cost business owners precious time and money. Contract Review and Negotiation is […]

Posted in Business Law

Coping With Inflation During Already-Challenging Times

Posted on July 5, 2022

naperville business lawyer

In May 2022, consumer prices in the United States rose 8.6 percent – the fastest rate in over 40 years. Inflation has touched nearly every aspect of Americans’ lives, and few have felt the effects more powerfully than business owners. A study conducted by the National Federation of Independent Business found that 33 percent of business owners cite inflation as their number one business concern. When combined with labor shortages, supply chain issues, and other concerns, it is no surprise that many businesses are struggling. Small and medium-sized businesses are […]

Posted in Business Law

How to Be the Boss You Always Wished You Had in a Swiftly Changing Work Landscape  

Posted on June 23, 2022

naperville business lawyer

The workplace dynamic has shifted dramatically in the last few years. More and more employees are leaving their jobs for positions they feel better fit their personal needs and professional goals. The so-called “Great Resignation” has left many employers short-staffed and unsure how to proceed. Simultaneously, many companies are developing long-term work-from-home and remote work policies. Workers and managers have been forced to reevaluate their methodologies and adapt to rapidly changing circumstances. As younger employees grow in their careers and become leaders, they are forced to contend with some of […]

Posted in Business Law

A Helpful Option For Small and Mid-size Businesses

Posted on June 16, 2022

naperville business lawyer

There is no doubt that many small and medium-sized businesses are currently struggling. In addition to typical business concerns like compliance issues and customer service, businesses must also contend with skyrocketing costs and labor shortages. Large companies have in-house legal counsel who are dedicated to addressing the company’s legal needs. However, small and medium-sized businesses typically cannot afford to have a full-time lawyer on their team. These smaller businesses often try to handle legal matters on their own or hire an attorney ad hoc after they have gotten into legal […]

Posted in Business Law

How Do You Protect Yourself in a Business Partnership?

Posted on June 14, 2022

naperville business lawyer

An old saying claims that two heads are better than one. In the context of business partnerships, this is often true. Partnering with another individual can help you divide business responsibilities, increase capital, attract investors, and grow your company. Partners can bring fresh ideas and a wealth of knowledge and experience to the table. There are many advantages to going into business with other people. However, there are also challenges and risks associated with business partnerships. If you are interested in forming a general partnership, limited partnership (LP), or limited […]

Posted in Business Law

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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.

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