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 […]

People Helping People in the Midst of the Coronavirus Crisis

The last six weeks or so have been like nothing any of us have ever experienced. In fact, most of us could never have imagined a real-world scenario in which our city, state, and country would need to be shut down almost entirely. Illinois has been under a shelter-in-place order since March 21, and many […]

What Are the Possible Remedies for a Breach of Contract?

Business contracts are some of the most important elements of a successful business. However, when one party does not uphold its end of a business agreement, the other party can suffer considerable harm. A breach of contract occurs when one party does not fulfill the obligation it agreed to in a contract and the non-breaching […]

Naperville Small Business Attorney Discusses Potential Family Business Hazards

Throughout the business world, there are many stories of family-owned companies that started small and grew to become social and corporate icons. Famous examples include The H.J. Heinz Company, S.C. Johnson, and the Ford Motor Company. However, owning and running a family business can be extremely challenging, and determining appropriate roles within the company for […]

Naperville Business Lawyer on Choosing Your Business Successor

Family businesses are a valuable part of the American economy and provide jobs for countless individuals. If you own a family business, you are probably well aware of the challenges and difficulties that go along with this unique and fulfilling lifestyle. One continued challenge that all business owners face is planning for the future of their […]

Naperville Business Law Attorney Warns Against Misclassifying Workers

In my experience as a business law attorney, I have seen many well-intentioned employers make mistakes that cost them dearly. One of the most common mistakes that employers fall victim to is misclassification of workers. There are major differences in the rights and responsibilities associated with employees versus independent contractors. If you classify a worker […]

Naperville Business Lawyer Discusses Costly Mistakes When Buying a Business

As you probably realize, buying a business offers an opportunity to be your own boss and build the entrepreneurial career of your dreams. However, buying a business also comes with significant risks. In my many years as a business law attorney, I have seen nearly every type of mistake a business owner can make. I […]

Naperville Business Attorney on Handling Negative Online Reviews

It was not all that long ago that when you would visit a restaurant, your server would hand you a customer satisfaction survey card and ask you to complete it. At the time, such cards were about the only way for the restaurant—or any other small business—to gauge how well the business was serving its […]

Former Musical Director Sues Chicago Musicians’ Union Following Termination

A prominent musical conductor has brought a lawsuit against the Chicago Federation of Musicians for violating the Illinois wage payment act, as well as for breach of contract. He claims that the trade union abandoned him in his most critical time of need. It is not yet known if Chicago Federation of Musicians failed to […]

What You Should Know About Non-Disclosure Agreements

In my practice as a business law attorney, I am regularly asked by my clients about ways that they can protect their businesses. While there are many different strategies that could be used to afford your company various levels of protection, one of the more common ways is the use of non-disclosure agreements or NDAs. […]