Which Business Entity Is Best for My Illinois Company?

If you are an entrepreneur, you are considering building your own startup, or you would like to change your business’s structure, you should know the options available to you. There are a number of different business structures from which you can choose, but they may not all be the right fit. You should select your […]

Does My Family Business Need a Succession Plan?

Mom-and-pop stores and restaurants have been the foundation of the United States since the country’s origin. Many Americans pride themselves on their work and ability to support their families, with additional fulfillment given to those who do this by running their own business. In the best-case scenarios, family businesses will be passed down from generation […]

Things to Think About When Drafting Your Employee Handbook

When you hire employees to help you meet your business needs, the way in which you handle their hiring and training can have a significant impact on your company. The size of your team will also tend to affect your personnel management practices, as a larger pool of employees may create different challenges than maintaining […]

Naperville Lawyer Highlights Helpful Resource: the Illinois Small Business Development Center

When you start or run a small business, you may have several logistical concerns. Some may be best dealt with by seeking the advice and assistance of a business law attorney. However, there will be times when it is appropriate to reach out to community resources specifically designed to assist small business owners. One such […]

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 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 […]