Tag: small business
Important Considerations for Scaling Your Small Business
Posted on January 5, 2021
Being a small business owner is hard work. In my 30-plus years as a business law attorney, business owner, and Certified Public Accountant (CPA), I have learned many lessons. One of these is that an entrepreneur must always be thinking of new and creative ways to find success. If you are a small business owner like me, you are probably constantly thinking of ways to grow your business. You are likely searching for more opportunities and ways to expand your customer base and increase your profits. Of course, there is […]
Protecting Your Small Business From Common Lawsuits
Posted on November 24, 2020
When you own and operate a small business, it can be the realization of a lifelong dream. Many business owners are drawn to the freedom and financial opportunities offered by owning and running a successful company. As a business law attorney and a small business owner, I also realize the risks that come with business ownership. For example, small business owners are always operating under the fear of facing a lawsuit. A small business can be sued for a plethora of reasons. Even if the cause of action has little […]
Naperville Business Lawyer on Some of the Legal Issues Small Businesses Face Everyday
Posted on January 7, 2019
For many small business owners, the threat of business litigation is always in the back of their mind. Studies show that as many as half of all small businesses become involved in business litigation at least once in any given year. Legal disputes which seem like only minor headaches can quickly snowball into extensive proceedings which damage your business’ bottom line. The following are the most common legal issues that small businesses in America often face. Unenforceable Agreements and Breach of Contract Disputes When any party included in a business […]
How the Law of Agency Affects Small Businesses
Posted on June 27, 2013
After setting up a business, a business owner must ensure that it operates efficiently and that it is protected from potential liability. Yes, every business, big and small, faces some level of potential liability. This is particularly tricky for small businesses that have limited resources. It is crucial for a small business owner to have adequate checks to minimize potential risks. “How these risks can come from a variety of sources. Take the conduct of an agent, for example. Under Illinois law, a business may be held liable for the […]