Tag: outsourced general counsel

Opening a Retail Store? Watch for These Important Legal Concerns

Posted on May 25, 2023

naperville business law attorney

Consignment stores, clothing boutiques, health food stores and other small, locally-owned retail stores seem to be popping up everywhere recently – and for good reason. Now that COVID-19 restrictions have lifted, many customers are eager to explore brick-and-mortar stores in their neighborhoods. Tired of the generic items they find at big box stores and ready for a more personal touch, customers are increasingly interested in shopping locally. If you plan to open a retail store, there are plenty of opportunities. However, starting or purchasing a retail business can also be […]

Posted in Business Law

Burnout is a Serious Problem for Business Owners: Here is How to Combat it

Posted on April 20, 2023

naperville business owner

To say that the last few years have been difficult for business owners is to put it very lightly. Business owners have had to contest with record inflation, supply chain issues, worker shortages, and ever-changing customer needs. It comes as no surprise then that a significant number of small business owners are suffering from burnout. One national survey found that just under half of business owners have experienced burnout in the last month. Burnout refers to a general feeling of exhaustion caused by chronic work-related stress. It often leads to […]

Posted in Business Law

Why You Need a Business Attorney for Your Small or Medium Business 

Posted on March 28, 2023

naperville business law attorney

Being a small or medium-sized business owner can sometimes feel like a David and Goliath situation. Inflation, supply chain interruptions, staffing problems, cyberattacks… the list goes on and on. The challenges, difficulties, and frustrations faced by business owners on a daily basis are too great to count.  With so many concerns to juggle at once, many business owners neglect legal concerns such as compliance with regulations and laws, protecting intellectual property rights, licensing issues, and employment law concerns. This is where a business attorney can be invaluable. A business attorney […]

Posted in Business Law

Common Reasons that Businesses Fail

Posted on March 23, 2023

naperville business lawyer

Most entrepreneurs and small business owners are well aware of the grim statistics surrounding business failure. A fifth of new businesses close their doors within a year and only half of small businesses survive past their fifth year. However, the news is not all bad. There are many ways to combat these odds and increase the chances of long-term success for your business. By taking a proactive approach to the challenges of business ownership, you can give your business a fighting chance.  Inadequate and Ineffective Business Planning The saying “failing […]

Posted in Business Law

The Importance of Talking to Your Accountant – Even if It Is Not Tax Season

Posted on February 23, 2023

naperville business law attorney

Many people who run small and medium-sized businesses only talk to their accountants during tax season. However, it is essential to remember that your accountant is an integral part of your business year-round. Tax deadlines are important, but the most successful business owners are those who have an ongoing relationship with their accountants and other financial professionals. Communicate with Your Accountant Frequently and Transparently Open communication with your accountant will help you plan for the future, strategize for growth, adjust your business procedures as needed, and make sure that you […]

Posted in Business Law

How to Stay on Top of Changing Laws as a Business Owner

Posted on February 10, 2023

naperville business law attorney

As a business owner, staying on top of changing laws can be a challenge. With new regulations and legal issues popping up all the time, it is important to ensure your business is compliant and protected from potential lawsuits, regulatory issues, or other legal problems. Failure to keep up with changing laws can result in hefty fines, reputational damage, and other serious consequences that can be costly for your business. The good news is that there are steps you can take to help protect your business from these pitfalls. Keeping […]

Posted in Business Law

Outsourced General Counsel for Small Business Owners

Posted on December 8, 2022

naperville business law attorney

If you are a business owner or business leader, an investment worth making is a relationship with a skilled outsourced general counsel (OGC). Many businesses neglect this critical step and only contact a lawyer once they are already facing legal issues. Unfortunately, the damage to the company’s reputation and bottom line is often already done by the time a business contacts an attorney. Building a relationship with an OGC before a legal issue arises can help you prevent legal problems such as contract disputes,  intellectual property infringement, and other costly […]

Posted in Business Law

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

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

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