Fri March 24, 2023

The Gucci Family Feud: What Family Businesses Should Know

By |2023-03-23T11:13:37-05:00March 24th, 2023|Blog, Business Structure, Estate Planning, Small Business|Comments Off on The Gucci Family Feud: What Family Businesses Should Know

The Gucci family feud is arguably one of the most famous family feuds of our time. Gucci is one of the most iconic and successful luxury fashion brands in the world today. However, there was a time in the 1980s and 1990s when the brand was on the brink of bankruptcy and its reputation [...]

Fri March 17, 2023

Successful Business Succession Planning in 5 Steps

By |2023-03-16T10:46:52-05:00March 17th, 2023|Blog, Business Law, Business Structure, Estate Planning, Small Business|Comments Off on Successful Business Succession Planning in 5 Steps

Successful business succession planning is an essential part of ensuring the long-term success of any business. It's important to take the time to make well-informed decisions when it comes to your succession plan. A successful business succession plan includes identifying and preparing a successor to take over the leadership of the company when the [...]

Fri March 10, 2023

Updates to Severance Agreements That Employers Need to Know

By |2023-03-09T10:27:36-06:00March 10th, 2023|Blog, Business Law, Business Structure, Employment Law, Small Business, Unemployment|Comments Off on Updates to Severance Agreements That Employers Need to Know

Changes are being made to what can be included in severance agreements. If you are an employer, you need to be aware of recent decisions made by the National Labor Relations Board. What's the Purpose of a Severance Agreement? A severance agreement is a contract between an employer and an employee that outlines the [...]

Fri March 3, 2023

Minimizing Conflict When Exiting a Business

By |2023-03-02T10:29:03-06:00March 3rd, 2023|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|Comments Off on Minimizing Conflict When Exiting a Business

Minimizing conflict when exiting a business is always the main goal of an exit strategy. From choosing the right successor, to avoiding other challenges that come with succession planning, minimizing conflict goes hand in hand with an effective plan. Learn how to keep your business running smoothly, even after you're gone. Even if you [...]

Fri February 24, 2023

How to Choose the Right Successor for Your Business

By |2023-02-23T10:12:51-06:00February 24th, 2023|Blog, Business Law, Business Structure, Estate Planning, Small Business|Comments Off on How to Choose the Right Successor for Your Business

How to choose the right successor for your business means having the right process and plan for your business. You don't typically go into business considering how you'll exit that business, but starting your succession plan early can help you with the best plan for how to choose a business successor. Giving yourself time [...]

Fri February 17, 2023

Challenges of Business Succession Planning

By |2023-02-16T10:19:26-06:00February 17th, 2023|Blog, Business Law, Business Structure, Estate Planning, Small Business|Comments Off on Challenges of Business Succession Planning

Challenges of business succession planning shouldn't keep you from having a plan for your business. A bad business succession plan is a plan that fails to effectively transfer ownership or management of a business from one generation to the next. Business succession planning is crucial for the long-term success of a company, as it [...]

Fri February 10, 2023

Selling a Family Business

By |2023-02-09T11:16:50-06:00February 10th, 2023|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|Comments Off on Selling a Family Business

Selling a family business isn't always an easy process... You've worked hard to build your business, or to keep the family business you've been handed going, but what happens when it's time for the next generation to take over? A family business, no matter how long it's been in the family, has sentimental value [...]

Fri February 3, 2023

New Employment Laws You Should Know for 2023

By |2023-02-02T09:53:55-06:00February 3rd, 2023|Blog, Business Law, Employment Law, Small Business|Comments Off on New Employment Laws You Should Know for 2023

New year means new employment laws for 2023! If you are a business owner, now is the time to take a look at the new laws that went into effect at the beginning of the year. Here is a quick rundown of the laws you should know.  Minimum Wage Minimum wage in Illinois has [...]

Fri January 27, 2023

When Should I Start Estate Planning?

By |2023-01-24T09:17:21-06:00January 27th, 2023|Blog, Estate Planning, Estate Planning|Comments Off on When Should I Start Estate Planning?

One of the most common questions we get is "when should I start estate planning?". The answer is if you're asking the question then you probably need an estate plan. It's a common mistake thinking that you aren't "old enough" or "wealthy enough" to have a plan, but realistically everyone over the age of [...]

Fri January 20, 2023

When to Consider an Irrevocable Trust

By |2023-01-19T16:28:07-06:00January 20th, 2023|Blog, Estate Planning|Comments Off on When to Consider an Irrevocable Trust

Do you need to give up control of your assets with an irrevocable trust? A trust-based estate plan protects you in many ways, but knowing the types of trusts and how to use them to your benefit is the key to protecting your assets long-term. When estate planning, you're not only planning for what [...]

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