3 Tips for Writing a High-Quality Business Plan

If you are an entrepreneur interested in starting a business, your mind is probably racing with ideas and possibilities. One of the most important things you can do to start your business off on the right foot is to create a detailed business plan. As the old saying goes, “Failing to plan is planning to […]

Naperville Business Lawyer Discusses Costly Mistakes When Buying a Business

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 […]

Naperville Business Law Attorney Discusses Business Plan Mistakes That Can Hinder Your Growth

You may already know the sobering statistics about the number of new businesses that fail. Studies show that within ten years of their inception, a shocking 96 percent of businesses have closed their doors. There are a great number of business owners and entrepreneurs who have brilliant ideas for products and services, but simply cannot […]

Naperville Business Lawyer on Discount Store’s Planned Changes

When you tell someone that you are going to the “dollar store” to pick up a few things, you might be referring to one of a few different retail outlets. It not uncommon for people to refer to discount stores like Family Dollar or Dollar General as dollar stores—ostensibly due to the inclusion of the […]

Price of Advertising During the Super Bowl at All-Time High

This coming Sunday, the eyes of the sports world will be focused on Levi’s Stadium in Santa Clara, California, as the Denver Broncos take on the Carolina Panthers in Super Bowl 50. The NFL championship game has become a media spectacle all its own, with days of advance radio and television coverage. The city has […]

End of the Year Tips from a Naperville Business Attorney

As 2015 draws to a close, you have probably begun the process of looking ahead toward next year. If you are like many business owners, the end of the year can be a stressful time, but with a little planning and organization, it does not need to be. As a business law attorney, I enjoy […]

Preserving Your Family Business for Future Generations

Estate planning poses unique challenges for family business owners. For one thing, business tax laws can be complex. For another thing, a family business involves family – passing on ownership to a succeeding generation can be emotional and contentious. Parents might have a favorite child, they might not be forthright about their business plans or […]

4 Tips For Taking the Plunge and Starting a New Business

It’s not a cliché to say that small businesses are the backbone of this great country. Currently there are more than 28 million small businesses in operation in the U.S. and more than 50 percent of the U.S.’s working population is employed by small businesses. An operation for profit is considered a small business if […]

Keeping Your Business Afloat After Losing Your Partner

If you have been with the same business partner since the formation of your venture, it can be especially difficult to know what to do in the event that your partner leaves or passes away. Conducting “business as usual” be will challenging from both a personal and a professional perspective, and you will benefit from […]

Small Businesses On The Rise In Illinois

In Macon County alone, over 500 small businesses have set up shop in the past two years. All signs point to good news for Illinois small business owners. In 2010, the number of small businesses opening in the state outpaced the number that closed. Small businesses make numerous contributions throughout the state, representing a primary […]