Tag: Naperville business law attorney

Why You Should Seek Legal Advice for Your Business

Posted on November 17, 2022

naperville business lawyer

Small and mid-size businesses enjoy many advantages when compared to larger companies. Unfortunately, however, being a smaller company does not exempt the company from the same legal risks and challenges as your larger counterparts. In fact, in some ways, being a smaller company can actually put you at greater risk. Many well-meaning business owners assume that their business is too small to incur the normal turmoil of larger businesses. It is only when a legal issue does arise that they recognize the severity of the situation. As more regulatory and […]

Posted in Business Law

Key Steps to Negotiate Successfully 

Posted on November 10, 2022

naperville business law attorney

Negotiations are a huge component of any small or medium-sized business. If you are a business owner or business leader, you probably negotiate the terms of business relationships, sales agreements, employee contracts, and other matters on a near-daily basis. Knowing how to negotiate effectively can help your business in many different ways. Negotiation Strategies for Small and Mid-Sized Businesses  When it comes to business transactions, negotiations are often complex and multi-faceted. As a business leader, you need to be able to navigate these waters effectively in order to get the […]

Posted in Business Law

Steps To Follow When Your Business is Dealing With Legal Issues

Posted on November 3, 2022

Ideally, legal issues would be prevented through measured, proactive action. However, even the most diligent business owners or leaders can find themselves facing a serious legal issue. Some of the most common legal issues involving small and medium-sized businesses include contract disputes, intellectual property issues, employment law compliance, and regulatory problems. If your business is involved in any type of legal issue, it is important to take quick and decisive action to protect your interests. The following are some key steps to follow. How to Handle Legal Problems in Your […]

Posted in Business Law

How To Recession-Proof Your Business

Posted on October 13, 2022

naperville business lawyer

Business owners have been faced with seemingly endless challenges in the past few years. Shipping delays, labor shortages, and supply chain issues have forced many business owners to get creative in order to keep their businesses afloat. Lingering economic problems caused by the coronavirus pandemic and other international issues have added yet another layer of complexity to the mix, and business owners are scrambling to adapt. Many are wondering how they can recession-proof their businesses and protect themselves from the economic downturn. There is no one-size-fits-all solution to recession-proofing your […]

Posted in Business Law

How Your Business Can Avoid Lawsuits

Posted on October 6, 2022

naperville business lawyer

No business owner wants to deal with the headache and expense of a lawsuit. But unfortunately, even the most well-meaning businesses can find themselves on the wrong side of the law. The good news is that you can take steps to help avoid legal problems before they occur. One of the best ways to protect your business from lawsuits is to be proactive about risk management. This means taking steps to identify and mitigate risks before they result in legal action. You might perform regular safety audits of your workplace, […]

Posted in Business Law

Retirement Plans Are Becoming Mandatory. Does Your Business Have a Good One in Place?

Posted on September 27, 2022

naperville business lawyer

Illinois now requires employers with at least five employees to offer a retirement program of some kind. For businesses with 16 to 24 employees, the deadline for establishing a retirement plan is November 1, 2022. For businesses with 5 to 15 employees, the deadline is November 1, 2023. Regardless of your business’s size, retirement benefits are crucial. Individuals of all ages are increasingly concerned about retirement and many fear the end of social security. Workers want competitive retirement plans with a high match rate. If you want your company to […]

Posted in Business Law

Combating Labor Shortages in Manufacturing

Posted on September 6, 2022

naperville business lawyer

Labor shortages have affected many industries, but few as harshly as the manufacturing industry. In our modern world, manufacturing jobs require not only operational know-how but also substantial digital expertise. Workers with the necessary skillsets are rare, and many who do have the necessary skills have moved on from manufacturing jobs to positions with higher pay, better benefits, or more flexibility. Increased costs and supply chain disruptions caused by lockdowns and the Russia-Ukraine war are only exacerbating problems in the manufacturing industry. Employers in the manufacturing industry are now faced […]

Posted in Business Law

Would Your Business Get Top Dollar in a Sale? 

Posted on August 30, 2022

naperville business lawyer

Would you like to get top dollar for your business when you eventually sell it? If so, you will need to start preparing now. It usually takes about five years to get a business ready for sale, so the sooner you start, the better. Many business owners fail to think about how to increase the business’s value before putting it on the market. This mistake can cost you dearly. Whether you plan to sell soon or you are simply readying your business for a possible sale in the future, it […]

Posted in Business Law

Safe, Updated Data Management is Essential To Business Success

Posted on August 23, 2022

naperville business lawyer

As a small or mid-size business, it’s imperative that you have a consistent, thorough, and secure process for gathering, storing, and interpreting data. This is crucial to staying ahead of competitors, making informed decisions, and protecting employee and client information. Hacking is more common than ever. Data breaches exposed an astounding 22 billion records last year alone. Cyberattacks can cause legal issues and frustrations for not only you, but also your customers and clients. If you have been putting off securing your system, you should put it to the top […]

Posted in Business Law

Helping Employees Pay Student Loans Is a New Incentive to Attract and Keep Top Talent

Posted on August 9, 2022

The cost of a college education has skyrocketed in the last few decades. About half of all college students graduate with debt, and the average amount owed is just under $30,000. Many employers recognize the massive financial burden their employees with student loans are currently facing. Simultaneously, employers across the country are struggling to attract and keep high-quality workers. In response to these concerns, more and more employers are offering various types of student loan relief to employees. The CARES Act has paved the way for employers to offer student […]

Posted in Business Law

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