Business Law

5 Steps You Can Take To Prepare Your Business For Sale

Posted on January 18, 2022

Small business owners put a lot of themselves into their companies, and they will often be looking to make sure their businesses will be able to succeed even when they are no longer involved. A person may choose to sell their business for many reasons, including because they plan to retire, because they want to pursue other opportunities, or because they believe that others may be able to take the business in new directions and take advantage of changes in the marketplace. If you are looking to sell your business, […]

Posted in Business Law

The Secret to a Good Business Partnership

Posted on January 11, 2022

naperville business lawyer

A business partnership can be very beneficial for everyone involved. Partners may share the costs of founding, operating, or expanding a business, and they can work together to navigate the ups and downs that affect their company. Partners can also provide each other with insight into their different strengths and weaknesses, which will help them determine the best steps to take to ensure that their business can continue operating successfully. However, a good partnership needs ground rules, as well as shared goals and expectations. The best way to ensure that […]

Posted in Business Law

Tax Considerations for the New Year

Posted on January 4, 2022

naperville business lawyer

For business owners, the new year can bring new opportunities to grow your company. As you make plans for moving your business forward in 2022, it is important to keep tax considerations in mind. Careful business tax planning can lead to substantial savings. There may be ways that you can reduce your company’s tax obligation. Some businesses may be at risk of overpaying on their taxes due to a simple mistake. Taking the time to review a few things, like your company’s charitable giving and investments, may reveal opportunities to […]

Posted in Business Law

Are Your Business’s Safety Practices Up to the New Standards?

Posted on December 16, 2021

naperville business lawyer

There are many different laws and regulations that affect businesses, and staying abreast of changes to these standards is not always easy. This has become an especially complex issue during the COVID-19 pandemic, since federal and state regulations are constantly being updated to ensure that employees and customers can stay safe. Each state has different rules and regulations, and federal agencies such as the Occupational Safety and Health Administration (OSHA) and the Centers for Disease Control and Prevention (CDC) have issued new rules and guidance to address ongoing safety issues. […]

Posted in Business Law

Is Your Business Compliant With Data Protection and Environmental Regulations?

Posted on December 14, 2021

naperville business lawyer

There are a variety of legal issues that can affect business owners, and some of the most key concerns involve maintaining compliance with laws and regulations. New laws are created or updated on a regular basis, and staying on top of these changes will help business owners avoid penalties and ensure that a business can continue operating successfully.  Addressing Cybersecurity and Data Protection Laws As more and more companies conduct business online, maintain digital records, and transmit data electronically, maintaining data security has become crucial. When data breaches occur, multiple […]

Posted in Business Law

How Can a Risk Assessment Benefit My Business?

Posted on December 7, 2021

naperville business lawyer

Business owners have no shortage of legal concerns that they need to address on an ongoing basis. While the primary focus for many owners will be maintaining business operations and pursuing their goals, it is also important to address any areas of concern and ensure that they are taking the proper steps to protect against potential losses. A Risk Assessment looks at key areas of your business where legal issues tend to arise and provides information on where you may have weaknesses and what you can do to strengthen those […]

Posted in Business Law

Why Is It Important to Have a Business Succession Plan?

Posted on December 2, 2021

naperville business lawyer

Many business owners are focused on managing their day-to-day operations, and while they may make plans for the future, these plans will likely address the planned growth of the business and how to meet the challenges they may face. However, it is also a good idea to consider what should happen when an owner decides to leave the business or retire at some point in the future. A business succession plan can ensure that an owner will be prepared to sell their business should the need arise, or they can […]

Posted in Business Law

Prevent Contract Disputes By Getting Your Contracts Right to Begin With  

Posted on November 23, 2021

naperville business lawyer

Business contracts are the backbone of a thriving business. However, poorly-written contracts can do more harm than good. As COVID-19 continues to delay legal processes and backlog courts, the need to avoid contract disputes is greater than ever. As a business leader, your focus should be on your business’s growth and continued success, not obsessing over business contracts. Unfortunately, even a small mistake or oversight can have a dramatic impact on your business’s bottom line. Contract disputes are costly and time-consuming – and many contract disputes are entirely preventable. Accurate, […]

Posted in Business Law

Does Your Small to Mid-Size Business Sell in Multiple States?

Posted on November 9, 2021

naperville business lawyer

The world is becoming more connected than ever. Consumers can instantly buy goods from several states away with the click of a mouse. Employers are increasingly relying on remote workers who may live hundreds or thousands of miles from the company’s headquarters. This trend provides businesses and customers with opportunities they would not otherwise have access to. However, businesses that sell in multiple states must also contend with additional legal complications. Each state has its own rules, regulations, procedures, laws, and tax requirements. As a business leader, keeping up with […]

Posted in Business Law

Have You Selected the Right Business Entity or Structure?

Posted on November 2, 2021

naperville business lawyer

Businesses fall into one of several legal structures. Each business structure has certain advantages and disadvantages. The type of business structure you choose influences everything from how your business is taxed to day-to-day business operations. When deciding which business structure is suitable for you, consider your business objectives as well as your financial resources and limitations. If you decide that your current business structure is not the best choice, you may need to reevaluate your situation and modify your business structure. Exploring the Advantages of Each Legal Structure Selecting a […]

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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