Tag: Naperville business lawyers

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

Is Your Anti-Discrimination & Cultural Training Up to Today’s Standards? 

Posted on August 2, 2022

naperville business lawyer

The United States is often referred to as a “melting pot.” Few other countries are as diverse as the U.S., and many small and medium-sized businesses reflect this.  Companies with employees of varied backgrounds, cultures, genders, and ethnicities benefit from workers’ unique life experiences and perspectives. Originality, creativity, and outside-the-box thinking are just some of the advantages associated with a diverse workforce. Businesses staffed with employees of differing life experiences are also less likely to get caught up in groupthink which leads to suboptimal business practices and stagnation. Unfortunately, discrimination […]

Posted in Business Law

Coping With Inflation During Already-Challenging Times

Posted on July 5, 2022

naperville business lawyer

In May 2022, consumer prices in the United States rose 8.6 percent – the fastest rate in over 40 years. Inflation has touched nearly every aspect of Americans’ lives, and few have felt the effects more powerfully than business owners. A study conducted by the National Federation of Independent Business found that 33 percent of business owners cite inflation as their number one business concern. When combined with labor shortages, supply chain issues, and other concerns, it is no surprise that many businesses are struggling. Small and medium-sized businesses are […]

Posted in Business Law

How to Be the Boss You Always Wished You Had in a Swiftly Changing Work Landscape  

Posted on June 23, 2022

naperville business lawyer

The workplace dynamic has shifted dramatically in the last few years. More and more employees are leaving their jobs for positions they feel better fit their personal needs and professional goals. The so-called “Great Resignation” has left many employers short-staffed and unsure how to proceed. Simultaneously, many companies are developing long-term work-from-home and remote work policies. Workers and managers have been forced to reevaluate their methodologies and adapt to rapidly changing circumstances. As younger employees grow in their careers and become leaders, they are forced to contend with some of […]

Posted in Business Law

A Helpful Option For Small and Mid-size Businesses

Posted on June 16, 2022

naperville business lawyer

There is no doubt that many small and medium-sized businesses are currently struggling. In addition to typical business concerns like compliance issues and customer service, businesses must also contend with skyrocketing costs and labor shortages. Large companies have in-house legal counsel who are dedicated to addressing the company’s legal needs. However, small and medium-sized businesses typically cannot afford to have a full-time lawyer on their team. These smaller businesses often try to handle legal matters on their own or hire an attorney ad hoc after they have gotten into legal […]

Posted in Business Law

How Do You Protect Yourself in a Business Partnership?

Posted on June 14, 2022

naperville business lawyer

An old saying claims that two heads are better than one. In the context of business partnerships, this is often true. Partnering with another individual can help you divide business responsibilities, increase capital, attract investors, and grow your company. Partners can bring fresh ideas and a wealth of knowledge and experience to the table. There are many advantages to going into business with other people. However, there are also challenges and risks associated with business partnerships. If you are interested in forming a general partnership, limited partnership (LP), or limited […]

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

How Your Employees Can Help You Avoid Legal Problems

Posted on June 17, 2021

Naperville business law attorneys

A business is only as strong as its employees. As a business leader it is crucial for you to ensure that employees understand what is expected of them. Failure to properly train your staff can lead to significant legal problems including allegations of discrimination and harassment. Preventing Sexual Harassment and Discrimination in Your Company Although more and more companies are making harassment and discrimination prevention a top priority, these issues are still at the forefront of many people’s minds. If you do not currently have an anti-discrimination policy and complaint procedure […]

Posted in Business Law

Top 3 Ways Outsourced General Counsel Helps Grow Your Business

Posted on June 10, 2021

Naperville outsourced general counsel lawyers

If your business revenue is in the $10 million or above range but your company is not large enough to justify an in-house attorney, consider utilizing outsourced general counsel (OCG). With OGC, you gain legal guidance and support from a business lawyer without needing to hire an attorney full time. The advantages associated with this approach are plentiful, which is why more and more small and medium-sized businesses are using outsourced general counsel to meet their needs. To effectively grow your business, you must ensure that sensitive legal concerns are […]

Posted in Business Law

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