Tag: Naperville business lawyers
How Can You Manage Family Conflicts in Business Succession Planning?
Posted on September 12, 2025
Family-owned businesses are at the heart of Illinois’s economy. From small professional firms in Naperville to large family enterprises in DuPage County, these businesses often represent decades of hard work, sacrifice, and wealth-building. But one of the hardest challenges a family business faces is planning for leadership and ownership when the current generation steps aside. Business succession planning is not only about transferring shares and titles. It is also about navigating family relationships, addressing competing expectations, and preserving harmony while protecting the business itself. Without careful planning, family conflicts can […]
What is the Role of Mediation in Illinois Commercial Litigation?
Posted on August 14, 2025
Business disputes can escalate quickly, with millions of dollars at stake. In Illinois, particularly in high-stakes commercial litigation involving closely held companies, partnerships, or family-owned enterprises, traditional litigation is not always the best first step. Mediation has become a powerful tool to resolve complex business conflicts more efficiently and with more control. Understanding how mediation fits into Illinois commercial litigation can be the difference between preserving a business and watching it unravel in court. Mediation is not just a procedural requirement; it is often a major strategic advantage, especially when […]
How Do Clear Business Contracts Protect Your Company?
Posted on July 26, 2025
Running a successful business involves more than offering a great product or service. It also requires careful attention to the legal agreements that govern your relationships with employees, vendors, customers, and partners. Clear and well-drafted contracts are essential tools for protecting your company from disputes, misunderstandings, and financial loss. Our Naperville, IL business contracts attorney can help you draft and negotiate clear, fair contracts that benefit you now and into the future. Why Are Business Contracts So Important? Every business relationship is built on expectations. Contracts put those expectations in […]
Are There Legal Solutions for Disputes Between Franchisors and Franchisees?
Posted on July 10, 2025
Franchise relationships offer business owners in Illinois the advantage of building on an established brand and system. However, these relationships are also governed by complex contracts that can become a source of intense and expensive conflict. When disputes like breach of contract allegations arise between franchisors and franchisees, they can threaten the stability of the business and even lead to litigation. If you are involved in a franchise dispute, understanding the legal options for resolving the issues you face is essential for protecting your investment and your rights. At Gierach […]
How Do Capital Gains Taxes Affect the Sale of a Business in Illinois?
Posted on May 12, 2025
The prospect of selling your business can be exciting, providing the opportunity to capitalize on your hard-earned work. It may be that you are selling your business to retire, or to start another venture. Whatever the reason, many factors impact the decision to sell a business, and the details of the transaction. One key factor that affects the sale of a business is taxation. Capital gains taxes can eat up the proceeds of the sale if you do not put in place careful strategies to mitigate taxation. In fact, when […]
When Should You Restructure or Reorganize Your Business?
Posted on April 30, 2025
Business needs can change. Growing businesses will also find that with success and increased revenue come challenges that may require a different way of doing things. Organizational structures may no longer work for the company. The market strategy may not match the current market needs. The company might experience financial difficulties. Conversely, things may be going very well now, but there may be concerns about the long-term business outlook. In short, there are many reasons why a company can benefit from a business restructuring. But one thing is for certain, […]
7 Employment Law Mistakes High-Growth Companies Make
Posted on April 15, 2025
While growth is a great sign business owners and investors are eager to see, it can bring about its own set of challenges. These are the growing pains businesses can experience. Things move quickly when a company is growing. That expansion often requires quick decision-making and implementation of processes aimed at keeping the business functioning at its best. However, when business owners are occupied managing the day-to-day responsibilities, other important aspects sometimes slip through the cracks. Indeed, as things change quickly at high-growth companies, compliance with legal requirements becomes that […]
What Are Recent Developments In Illinois Non-Compete Law?
Posted on October 29, 2024
In recent years, the law on noncompete agreements has shifted considerably nationwide, and Illinois is no exception. This is primarily the effect of a recent rule issued by the Federal Trade Commission (FTC), the federal agency that enforces antitrust law and promotes consumer protection. This rule was struck down by a federal court before it took effect. However, Illinois legislation enacted in the last few years already limits the ability of employers to put in place and enforce non-compete clauses in their employment agreements. An experienced Illinois employment law attorney […]
What Are the Legal Rights of Employees for Social Media?
Posted on August 26, 2024
Most Americans are active on at least one social media platform. We are a connected society, particularly since smartphones have placed these platforms front and center. Since engagement with social media is generally seen as leisure rather than work, the debate about whether social media is appropriate workplace behavior marches on. Equally important are the business law issues pertaining to whether employees should be allowed to use social media in the workplace. Whether or not to allow social media use in the workplace is not a simple issue. The productivity, […]
When Should an Illinois Business Partnership Agreement Be Updated?
Posted on April 10, 2024
The creation of a business partnership requires careful planning and consideration. A well-drafted partnership agreement is crucial for the smooth operation of a business involving two or more partners. This agreement outlines the responsibilities of partners, profit-sharing ratios, and other essential terms. However, as a business evolves, so do its needs and circumstances, making it imperative to revisit and update the partnership agreement periodically. An attorney with experience drafting, negotiating, and executing partnership agreements and other types of contracts can provide guidance on the best ways to keep critical documents […]
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