Reasons to Form an Illinois S Corporation

When starting up a company in Illinois, you will research various formation options available under state law and do your research to find the right fit for your business. Many in your position lean towards a corporation because of the benefits it offers, both for owners and the entity. However, you may not realize that […]

Options when Buying or Selling a Business in Illinois

Because every business is unique, every deal involving a purchase or sale will bear numerous, distinct details that need to be addressed from a structuring point of view. Still, there are just three basic options for buying or selling a business: Stock purchase, asset acquisition, or a merger of the companies. The Illinois Business Corporation […]

Four Reasons Your Illinois Business Needs General Counsel Services

Illinois business owners know the importance of retaining a lawyer for formation and start-up, as well as drafting and reviewing contracts. Not as many realize how critical it is to have access to general counsel on a regular basis. Some stakeholders may only reach out to an attorney after an issue has emerged, at which […]

Naperville Business Lawyer Discusses the Difference Between a Limited Liability Company and a Limited Liability Partnership

If you are planning on starting a business, you will need to decide what type of business entity is right for you. The type of business structure you choose will influence nearly every aspect of your business, so it is important to do your research and select the type of business structure that best meets […]

Naperville Business Attorney Talks About Empowering Your Employees

Those who own and operate businesses are rarely passive personalities. They are, instead, typically go-getters with an entrepreneurial spirit and the ambition to make a difference in the industries in which they operate. Some business owners take a somewhat directorial approach, telling employees what should be done and how to do it. Other owners are […]

Naperville Business Lawyer Discusses Electric Car Company’s Explosive Rise

It is not uncommon at all for a new company comes along that promises to change the state of the industry in which in it operates. Every few decades, however, a new company comes along that promises to change the state of the world as we know it. The best examples can be seen in […]

Naperville Business Attorney Discusses the Future of Industrial Automation

It is the nature of business to look for easier and more efficient ways to complete a given task. The idea can be traced back many centuries to the invention of the wheel and, eventually, windmills—machines that harnessed the power of moving air to grind grain into usable flour. While today’s manufacturing robots and high-tech […]

Naperville Business Attorney Discusses Wells Fargo and the Importance of Consumer Trust

Over the last few months, much has been published by news outlets and other sources—including here on this blog—about the unauthorized opening of customer accounts by employees at Wells Fargo, the nation’s third-largest bank. Since September of last year, two separate settlements have been announced to put the matter to rest, each of which included […]

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 […]