Interviewing Tips for Avoiding Sensitive Legal Issues

Small businesses have recently seen an increase in the hiring of new employees. In fact small business hiring is at the highest level it has reached in eight years. Hiring new employees allows small businesses to help the U.S. economy grow, and also lowers the national unemployment rate. However, small business owners must be careful […]

EEOC Offers New Guidance on Religious Accommodations

The United States Equal Employment Opportunity Commission (EEOC) is the federal agency charged with protecting the rights of employees to be free from unlawful workplace discrimination. In order to prevent such unlawful discrimination before it happens in the first place, the EEOC issues guidance to employers and business owners on how they can ensure they […]

Providing for Children Born After Your Will Has Been Executed

Philip Seymour Hoffman will be remembered as a talented actor and, sadly, for the tragic way that he died. But his sudden death shines a light on more than the dangers of illegal drug use. It also reminds us of the importance of planning ahead to provide for our families. In 2004, Hoffman executed a […]

The Impact of CEO Divorce on Shareholders

When a couple divorces, many people in their lives may feel the effects – children, family, friends and other people in the couple’s social circles. But if one spouse is a CEO of a company, those effects can also have a large negative impact on the shareholders of that company. That’s the conclusion of a […]

Crowdfunding Act is Big Money for Small Businesses

A term heard more and more in the business world is “crowdfunding” – defined as a way of funding a project or business by raising small amounts of money from many people.” This is usually done through the Internet, using companies such as Kickstarter, Fundable, Lucky Ant, Indiegogo, just to name a few. Last year, […]

Illinois Concealed Carry Law Creates Liability Concerns for Local Business Owners

On July 9, 2013, Illinois became the 50th state to pass a concealed firearm carry law. The Firearms Concealed Carry Act requires that all people carrying a concealed firearm on their person must first register for a Concealed Carry License. This law provides exceptions, prohibiting the carrying of a concealed arm in public places such […]

Class Action Lawsuit may Impact Internship Programs

Small business owners who use interns should carefully watch the outcome of a high-profile class action lawsuit filed against the magazine giant Condé Nast. The Litigation In June, two interns, Lauren Ballinger, a former intern at W Magazine, and Matthew Lieb, a former intern at the New Yorker filed suit against the magazine media conglomerate […]

Changes may be Coming to Illinois Minimum Wage Laws

Big changes could be in store for Illinois business owners. Earlier this month a new bill was proposed in the Illinois House of Representatives that would raise the state’s minimum wage. House Bill 3718 (HB 3718), sponsored by Representative Art Turner, would raise the Illinois minimum wage in increments. Currently, the minimum wage in Illinois […]

Common Tax Write-Offs for Business Owners

Owning a small business has many advantages, not the least of which is the fact that business ownership can result in a decreased tax burden. Depending on the type of organization you have set up, you may be able to take advantage of one or more of the following common deductions for business owners: Business […]

Considerations in Succession Planning for Family Businesses

Many family business owners assume their business will not be successful enough to consider succession planning.  Do not make this mistake.  A recent article on the ABC News website reports that only 12 percent of family businesses survive into the third generation.  Succession planning can increase the odds of your business surviving and can reduce […]