CEO or President: Choosing Corporate Titles

“What’s in a name? That which we call a rose; by any other name would smell as sweet.” These words of William Shakespeare from Romeo and Juliet, despite being more than 400 years old, may still ring very true for small business owners. Corporate titles can be confusing but can be an important part of a company’s professional […]

Important Considerations for Opening a Second Location

As a successful business owner, you understand the hard work and dedication that your company’s profitability has required. You have put in the long hours, worked tirelessly to understand your customer’s needs, and then dedicated yourself to meeting them. So, what now? I hear similar questions quite often from many of my clients, as they […]

Naperville Small Business Lawyer Offers Advice on Planning for Selling Your Business

When you create a new company, whether it is closely-held family business, business franchise, or any other type of business entity, you take responsibility for every stage of its life cycle. Purchasing an existing business also leaves you responsible for the company for the duration of your ownership. I often get asked by clients, however, […]

Net Neutrality is a Win for Many Internet Companies

While many of the internet-based companies we think of today, like Google or Facebook, are now massive international businesses, they all started small. And every day new entrepreneurs are striking out on the world wide web to start new internet businesses, ranging from online merchants to those who will ultimately provide us with services most […]

Is a Small Business Loan the Right Decision?

It’s common knowledge that small businesses need capital and other resources to both commence operations and to keep things going. Regardless of the amazing business model or innovative ideas that someone possesses, they will need money to make these concepts a reality. Small business owners and entrepreneurs can pursue capital from a variety of sources […]

Illinois Speaker of the House Attempts to Extend EDGE Tax Credits to Small Businesses

The Economic Development for a Growing Economy (EDGE) tax credit program provides tax credits and incentives to companies operating in Illinois. EDGE has served as a key bargaining tool that has allowed the legislature to persuade companies to relocate to Illinois, while also making sure that corporations already operating within the state stay put. Critiques […]

Considerations Before Cancelling Your Small Business’s Health Insurance Plan

Since the announcement of the Affordable Care Act (ACA), small business owners have been concerned about increased costs that could occur with employer-provided insurance plans. Currently, employer-based insurance plans end up costing an average of around $9,300 a year per employee. Employers typically cover around $6,700 per employee of this expense. Some small business owners […]

The Rise of Minority Entrepreneurs in the United States

For decades, minority-owned businesses and other forms of minority-led entrepreneurship have been on the rise in the U.S. In fact, from the period of 2002 through 2007, there was a 46 percent increase in the amount of minority-owned businesses. This increase has been aided by a variety of impetuses including the U.S.’s ever increasing immigrant […]

Partial Plastic Bag Ban Exempts Mom and Pop Small Businesses

Every year in Chicago over 3 billion plastic bags are used in the city. However, a new law passed by the Chicago City Council at 36-10 votes has resulted in a partial ban on the use of plastic bags by retailers and other local businesses. Luckily, this plastic bag ban does not apply to many […]

The Small BREW Act May Provide Tax Relief to Local Breweries

Illinois’ local brewery business is booming. In the last few decades local beer brewers have emerged as some of the region’s most successful small businesses. Many of these local brewers ship their beers across the country, while also maintaining a local presence through flagship restaurant locations throughout the state. State legislatures are acknowledging the positive […]