Business Law

The last few weeks have been some of the most challenging that most of us have ever dealt with. The state of Illinois has been under a stay-at-home/shelter-in-place order since March 21, which means that residents are only allowed to leave their homes for essential reasons, such as to buy food or to care for a family member. Non-essential businesses have also been closed for several weeks, and while many people have started working from home, many others are unable to do so and are now out of work. With […]

Your path to success in a business venture begins long before your ever open your doors to the public. For most entrepreneurs and would-be business owners, the journey begins with an idea for a new product or service, or a variation of an existing one. A raw concept, however, is rarely a sufficient foundation upon which to build your investment; it must be developed, reviewed, amended, and tested. Then, the cycle should be repeated several times as the idea gradually transforms into a legitimate business plan or strategy. During the […]

Over the last few weeks—and especially the last few days—we have all experienced things that we never imagined would be a part of our lives. Local, state, and national leaders have taken unprecedented action in efforts to keep our country as safe as possible from the threat presented by the novel coronavirus strain (COVID-19) that has spread around the world. Just a couple weeks ago, we were all going to work and school like normal. We were seeing increased encouragement to wash our hands and avoid touching our faces, but […]

Family businesses are a valuable part of the American economy and provide jobs for countless individuals. If you own a family business, you are probably well aware of the challenges and difficulties that go along with this unique and fulfilling lifestyle. One continued challenge that all business owners face is planning for the future of their business. They know that they will eventually need to choose a successor to take over the business when they retire who understands the business and can manage it in a way that brings continued […]

In my experience as a business law attorney, I have seen many well-intentioned employers make mistakes that cost them dearly. One of the most common mistakes that employers fall victim to is misclassification of workers. There are major differences in the rights and responsibilities associated with employees versus independent contractors. If you classify a worker as an independent contractor and he or she is actually an employee, you could be subject to a number of financial penalties and costs. The best way to ensure that you are not breaking any […]

Clearly outlining your company’s policies, standards, and expectations is one of the most effective things you can do as a business owner to create mutually beneficial relationships between you, the owner, and your employees. Establishing thorough employee policies will not only help you clarify operational standards with your staff, it will also help reduce your chances of running into problems with various business law compliance issues. In my practice as a business law attorney, I have helped many small business owners create clear, concise policies that cover a wide range […]

When you start any type of business, there are many details that you must address. These include obvious considerations such as where to open your business, what products or services you will offer, and how many employees you will need to serve your customers. If you are going into business with one or more other individuals, however, you will have even more concerns to cover. Unfortunately, however, these additional concerns are too often overlooked and not given the attention they deserve. As a business law attorney, I have seen far […]

No matter how hard you work to hire quality employees, there will come a time that you will need to terminate one. It could be a matter of performance. It could be a matter of attendance, or it could be related to theft or breach of contract. Whatever the situation, it is critical that you, as an employer, know how to protect yourself from wrongful termination lawsuits and discrimination lawsuits. A skilled employment law attorney can offer you some key tips on legally terminating an employee in the state of […]

Throughout my career as a business lawyer, I have seen the extent to which a major legal dispute can have on a business’s sustainability. Breach of contract lawsuits can be especially harmful to a business’s bottom line. Contract litigation can be expensive, but in some cases, it may be less costly than paying damages to remedy the breach. If you have been accused of violating a business contract, speak to an experienced business lawyer to get personalized guidance regarding the best way to defend against breach of contract allegations. Contracts […]

As you probably realize, buying a business offers an opportunity to be your own boss and build the entrepreneurial career of your dreams. However, buying a business also comes with significant risks. In my many years as a business law attorney, I have seen nearly every type of mistake a business owner can make. I have also witnessed first-hand the personal and financial fallout of these mistakes. If you are thinking about buying a business, make sure you thoroughly research your options and avoid making business-buying mistakes that will limit […]