Business Succession Planning Helps Sell Your Business for What it’s Worth

By |2021-01-28T21:16:45+00:00February 13th, 2020|Blog, Business Law|

Maximize the Value of Your Business It’s anticipated that during the next two decades, retiring business owners will sell over twelve million businesses.  So, if you are over the age of forty and your business is the main asset of your life’s work, it’s important to preserve your legacy. This is especially true when it [...]

Comments Off on Business Succession Planning Helps Sell Your Business for What it’s Worth


By |2018-06-19T05:26:20+00:00June 19th, 2018|Estate Planning, Small Business, Tips|

Our clients often ask us where to keep their important documents, such as estate planning documents (wills, trusts, and powers of appointment), insurance policies, contracts, and other important financial documents.  The answer to this question often depends on how quickly you need to gain access to such documents.  For instance, without the requisite power [...]

Illinois Reduces Its Limited Liability Companies’ Filing and Reporting Fees

By |2021-01-28T21:10:06+00:00December 22nd, 2017|Business Law, Small Business|

Good news!  On December 20th, the Illinois Governor Bruce Rauner signed SB 867 into law, reducing Illinois' excessive limited liability company's (LLCs) filing and maintenance fees. This law went into effect immediately upon signing, i.e. December 20, 2017. Although Illinois has a long way to go to make this state attractive for small businesses [...]

When was the last time you talked to your parents about their estate planning needs?

By |2021-05-16T07:52:00+00:00November 20th, 2017|Estate Planning, Small Business, Uncategorized|

The holidays are quickly approaching and many of you will have a chance to see your parents and, for some of you, your grandparents.  This would be an excellent opportunity to discuss your parents’ future and estate planning needs among the loved ones.  Yet, discussing the retirement plans and estate planning needs with your [...]

How Well Are You Prepared to Manage Your Business Risks?

By |2021-01-28T21:10:05+00:00November 19th, 2017|Estate Planning, Small Business, Uncategorized|

Every small business owner is faced with various business risks, whether related to an injury, theft, damage to property, employee discrimination claims, or liability suits.  As much as you plan for success, as a business owner, you must have these risks on your radar.  You should be prepared if and when they materialize. What [...]

Success of Your Business Often Depends on Your Exit Strategy

By |2021-01-28T21:10:03+00:00April 3rd, 2017|Business Law, Business Structure|

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 [...]


By |2021-01-28T21:15:28+00:00December 15th, 2016|Blog, Business Law, Business Structure|

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 [...]

Are Restrictive Covenants Enforceable In The IT Staffing Industry?

By |2021-01-28T21:10:01+00:00October 21st, 2016|Blog, Business Law, Hiring Practices, Illinois State Law|

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 [...]

Is a Business Sale in Your Future? Six Steps to Take Now

By |2021-01-28T21:12:32+00:00September 14th, 2016|Business Law, Business Structure, Uncategorized|

The past few years have seen an increase in small to middle-sized business sales. The economic forecast suggests that this trend will continue.  If you are considering a business sale, it’s vital to understand the selling process and prepare your business for the contemplated sale well before you try to put your business on the [...]

Is Your Business Partner Stealing?

By |2021-01-28T21:11:42+00:00August 25th, 2016|Blog, Business Law, Business Structure, Uncategorized|

Everyday companies form and business partners come together with the best of intentions and hopes. Often things begin smoothly but trouble rears its ugly head down the road. If you have formed a company and have a business partner, it’s devastating to find your trusted partner stealing from you. If you find yourself in this [...]

Go to Top