Naperville Business Attorney on the Accidental Millionaire in Startup Sale

When another business owner or entrepreneur is fortunate enough to enjoy a major success, it is tempting to ascribe the event to good luck or being in the right place at the right time. Of course, there is little question that timing has a great deal to with commercial profitability, but, in many cases, the […]

Knowing When to Sell: Tips from a Naperville Business Attorney

There are many reasons that may lead a person to start a business. Some individuals feel that they are best suited to work for themselves rather than for someone else. Others have a passion for their particular field or industry and are happy to dedicate their professional—and often personal—lives to their craft. Still others are […]

The Importance of Developing an Exit Strategy from a Naperville Business Lawyer

Rationally, you know that you will not be able to continue running your business forever. Depending on your age, health, and passion for your work, you may be ready to step away from day-to-day operations sooner than later. As a business law attorney, I have helped hundreds of clients start new companies with the hopes […]

Tips for Buying a Business from a Naperville Business Attorney

For a first-time business owner, the prospect of buying a business can be quite overwhelming. You may not be certain where to start, what to do next, or even if you are making the right choice. That is why it is so important to work closely with an experienced business lawyer. A knowledgeable attorney can […]

Naperville Business Attorney Discuss the Closing of East Dundee Pottery Company

As every successful entrepreneur knows, timing is a critical component of any business decision. Knowing when to open a new location, hire staff, reduce staff, introduce new products, or streamline a company’s catalog is crucial to profitability and the long-term health of the business. In my business law practice, clients regularly come to me with […]

The Pros and Cons of Buying a Franchise, Part 2: Franchise Cons

Purchasing and running a location of an existing franchised company is a common choice for those looking to go into business for themselves, but who are hesitant to start completely from scratch. Of course, any decision to buy or start a business should be well thought-out and thoroughly planned, to avoid unpleasant surprises and unexpected […]

Non-Disclosure Agreements: NDAs in Business Negotiations

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 […]

Talk to Other Franchisees before Buying a Franchise

Starting your own business can certainly be a rewarding experience. Many prospective business owners, however, are hesitant to develop a company from the ground up, creating a niche or serving an unfulfilled need in the local community. Instead, they look toward purchasing a franchise, allowing them to own and operate a business with an established […]

Things to Consider before Buying a Business

In the modern commercial world, businesses are regularly being purchased, sold, and merged. Even more frequent are the discussions about purchasing interests of a particular company. For example, just this week rumors emerged once again regarding Google’s interest in buying social media icon Twitter. While financial experts will endlessly debate the advantages and disadvantages of […]

Options for Selling Your Small Business Online

Has your profitable business become too much for you to manage on your own? Are you interested in early retirement, or in making a sharp career change? Are you ready to become a small business owner, but would prefer to purchase a business that’s already up and running? If you answered yes to any of […]