A couple of weeks ago, I was thinking of my grandparents. Life after retirement could be hard I thought. Being alone and old isn’t so much fun. What if we create a day dedicated to celebrating our grandparents? A national holiday for everyone to visit their grandparents and make them feel special – a [...]
Same sex couples often face unique challenges when it comes to an estate planning. Since the states’ intestacy laws have been historically focused on traditional families, same-sex couples may face challenges if one of them passes without an estate plan. Since the United States Supreme Court’s decision to legalize same-sex marriages in June 2015, [...]
Recently, I received a phone call from a good friend of mine, telling me that he is going through a divorce. Although he was expecting an amicable split of his liquid assets and share custody of his minor children, he could not say the same about his business ownership. My client’s divorce is now at risk [...]
Hedge funds have been around for decades, but recently they have seen a sharp increase in popularity. This popularity is due, in part, to the Wall Street’s focus on the investors’ short-term benefits (or “short-termism”) and the lack of oversight over the hedge fund industry. Now, the question is whether the newly proposed Brokaw [...]
How will a Trump presidency impact M & As. Donald Trump is set to become the nation’s 45th president when he is inaugurated on January 20, 2017. A Trump presidency promises to bring big changes - for better or worse. He has vowed to bring jobs and businesses back to the United [...]
Procrastinators won… at least this time! Less than two weeks before the new Department of Labor’s (DOL) overtime rule was scheduled to go into effect, a Federal judge from Texas granted an emergency injunction putting the new overtime rule on hold indefinitely. The new overtime rule, impacting millions of workers nationwide, was set to [...]
They said what??? If you’ve ever managed employees before, there’s no doubt you’ve wanted to scream this question out at least a few times. Inappropriate workplace conversations can be a tricky topic to handle. When people spend many hours at work together day after day, it’s almost a certainty that there will be inappropriate [...]
On October 5, 2016, Cook County, Illinois joined the growing list of jurisdictions across the country to pass a paid sick leave ordinance, following what’s becoming a popular trend across the country, not only in the Midwest, but nationwide. Previously, the city of Chicago, located in Cook County, also passed a similar ordinance in [...]
Business owners often want their employment contracts to contain the most restrictive covenants. Yet, overzealous restrictive covenants may backfire if deemed overly restrictive, unreasonable, and going further than necessary to protect the “legitimate business interests,” which is an elusive concept. A restrictive covenant is a type of contractual arrangement. It is a clause in an [...]
Businesses usually start with best intentions and under the best of circumstances. However, down the road many life events and business challenges occur that change business owners, their relationships, and goals. It’s essential, therefore, for most new businesses to begin with a discussion of a buy-sell agreement. A typical buy-sell agreement functions in the same [...]
