Tag: Naperville business law attorney

Who is Handling Legal Issues At Your Business? 

Posted on April 28, 2022

naperville business lawyer

Many times, small and mid-size business owners try to tackle legal issues on their own. They may pass on legal matters to their Chief Financial Officer or hire ad-hoc attorneys as issues crop up. The problem with these approaches is that if you are doing it yourself, then you are taking away your time to be the visionary for your company. Furthermore, legal matters are complicated, and making mistakes can lead to serious financial consequences. If you pass legal issues on to your CFO, you have them wear too many […]

Posted in Business Law

Keeping Employment Matters Under Control 

Posted on April 12, 2022

naperville business lawyer

Businesses across the country are dealing with staffing issues during these unprecedented times. As a business owner, having proper documentation can prevent many different issues with staff. Providing your staff with clear job descriptions, goals, employment conditions, reviews, handbooks, and other employment materials helps them understand their responsibilities. Ultimately, proper documentation helps grow your business.  Furthermore, having things in order and properly documented can make transitions easier and help you avoid lawsuits down the road. Business owners and partners often find that having an outsourced general counsel can help address […]

Posted in Business Law

Do You Have a Succession Plan in Place for Essential Leaders?

Posted on April 5, 2022

naperville business lawyer

Every business should have a succession plan and exit strategy to prepare for the owner/leader’s retirement, sale of the company, or changes in key management positions. The importance of a business succession plan is especially important during the Great Resignation. Business leaders and business owners should consider: Who would replace critical people on your staff? Who would take over the business if the owner or a key member of the business retires, becomes ill, or dies? These questions need to be asked now to avoid a crisis later. There are […]

Posted in Business Law

What Are the Top Legal Issues That Small and Mid-Size Businesses Face?

Posted on March 15, 2022

naperville business lawyer

Every business will encounter legal concerns that will need to be addressed. Determining the best ways to handle these issues can often be difficult for small businesses or mid-size companies. These companies will most likely not be able to keep an attorney on staff, and they may only encounter legal concerns infrequently. However, addressing business law matters the right way can be crucial, and business owners will want to be aware of the issues that may affect them and their company. Some of the most common legal concerns small businesses […]

Posted in Business Law

How Attractive Company Policies Will Help You Draw Talented Staff

Posted on August 12, 2021

naperville business lawyer

Finding, hiring, and retaining high-quality workers is one of the most challenging aspects of business ownership or business leadership. As any business leader can tell you, your employees and contract workers can make or break your company. Unfortunately, finding good workers is harder than ever. In a recent survey conducted by the National Federation of Independent Businesses, nearly half of business owners reported having a job opening that they could not fill. Whether you are struggling to find the right staff or want to ensure that you retain the staff […]

Posted in Business Law

How Can I Protect Myself & My Business from Cybersecurity Issues? 

Posted on July 22, 2021

naperville business lawyer

If you own or manage a business, one crucial issue you need to stay up-to-date on is cybersecurity. Internet-connected systems are an integral part of most modern businesses. Web-based programs allow businesses to attract new customers, manage inventory, store client information, and much more. However, these systems can also be vulnerable to unauthorized use or malicious attacks. The FBI estimates that cybercrime cost small businesses nearly $3 billion in the year 2020 alone. Protecting Your Business from Phishing Schemes Something as simple as opening a seemingly innocent email attachment can […]

Posted in Business Law

Is Starting a Business Worth it? Ask Yourself These Questions to Find Out

Posted on July 15, 2021

naperville business lawyer

Owning a business is unlike any other “job.” Little compares to watching your hard work and creativity flourish into a thriving business. The financial and personal rewards resulting from business ownership can be great, but starting a business is certainly not for everyone. Most people are familiar with the bleak statistics on startups: More than 20 percent fail in the first year. Half of new businesses fail by the fifth year. Upon learning this information, you may wonder, “Is starting your own business worth it?” To find out if starting […]

Posted in Business Law

Why Working With the Right Attorney is Essential to Your Business

Posted on July 8, 2021

naperville business lawyer

Whether it is a startup, franchise, or an existing business, taking on a leadership role in any type of business is likely to be one of the most consequential decisions of your life. Business ownership can be extremely rewarding. At times, owning a business or managing a company can also be frustrating, stressful, and overwhelmingly complex. When you are taking on something as important as running a business, having the right support system is vital to your success. A key member of your support team is your business attorney. If […]

Posted in Business Law

Lessons Many Business Leaders Wish They Learned Sooner

Posted on June 8, 2021

Naperville business lawyer

Managing a business is not for the faint of heart. A surprisingly large percentage of businesses do not make it past their one-year anniversary and even fewer see their five- or ten-year anniversary. To succeed as a small or medium-sized business leader, you must be continually vigilant for ways to improve and grow. One of the best ways to do this is to ensure that each hardship you experience teaches you something. Read on to learn about some of the lessons that business owners and business leaders learned the hard […]

Posted in Business Law

Why Do Some Businesses Fail While Others Succeed?

Posted on May 20, 2021

Naperville business law attorneys

It is no secret that the majority of startups and new small businesses do not succeed in the long term. Only about a quarter of new businesses are still open after 15 years. Being a small business owner is not for the faint of heart. Owning your own business requires a great deal of time, effort, and creativity. If you want your business to be one of the businesses that is successful for years to come, it is important to take proactive steps toward this goal from the beginning. Preparation […]

Posted in Business Law

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