(847) 777-6838 (IL) (414) 810-7070 (WI)

Call Us: Our office speaks English and Russian

Lexern Law Group helps small business owners protect their company, manage legal risks, and plan confidently for future growth.

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|

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 [...]

Read More
Comments Off on How to Choose the Right Successor for Your Business

Challenges of Business Succession Planning

By |2026-06-28T11:48:04-05:00February 17th, 2023|Blog, Business Law, Business Structure, Estate Planning, Small Business|

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 [...]

Read More
Comments Off on Challenges of Business Succession Planning

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|

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 [...]

Read More
Comments Off on Selling a Family Business

Succession Planning for Business Owners

By |2022-11-17T17:03:48-06:00October 14th, 2022|Blog, Business Law, Business Structure, Estate Planning, Small Business, Tips|

Opening your own business may have been your dream, but sometimes all that comes along with running the business can be overwhelming. With all your hard work, thinking about exiting your business usually isn't in the forefront of your mind. Succession planning for business owners can seem daunting, but you've worked so hard to [...]

Read More
Comments Off on Succession Planning for Business Owners

The Challenges of Owning a Business

By |2026-04-11T18:28:36-05:00October 7th, 2022|Blog, Small Business|

The challenges of owning a business are what keep many from even reaching for their dreams. Add in a worsening economy and rising inflation and the challenges of owning a business become even greater. Starting a business isn't always easy to begin with, but if you do successfully open your business, how do you [...]

Read More
Comments Off on The Challenges of Owning a Business

Recession Proof Your Business

By |2022-08-04T16:06:15-05:00August 12th, 2022|Blog, Business Law, Small Business|

It seems that small businesses are always hit first and hardest during tough economic times. With rising prices, interest rates, and increasing supply chain shortages, it can be hard to stay confident in how we run our businesses. So, as an increase in inflation puts pressure on demand for our products and services, how [...]

Read More
Comments Off on Recession Proof Your Business

High Risk Professionals Need an Estate Plan

By |2022-06-16T02:42:25-05:00April 29th, 2022|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business, Tips|

Everyone is open to potential lawsuits, but licensed professionals and business owners are even more at risk. Doctors, dentists, veterinarians, small business owners, and even attorneys themselves, have a higher risk of being sued and need more extensive estate planning to protect all they’ve worked for. So while it’s important for everyone to have an [...]

Read More
Comments Off on High Risk Professionals Need an Estate Plan

Challenging Scenarios a Buy-Sell Agreement Prevents

By |2022-06-16T02:43:54-05:00April 22nd, 2022|Blog, Business Law, Business Structure, Employment Law, Estate Planning, Estate Planning, Small Business, Tips|

A buy-sell agreement prevents things from becoming complicated when a co-owner of a business leaves and shouldn’t only cover planned exits. There are many scenarios in which things can go south between owners or an emergency arises. Numerous disasters can arise on the back end of a business partner leaving the business. Here are a [...]

Read More
Comments Off on Challenging Scenarios a Buy-Sell Agreement Prevents

Keep Your Remote Team Connected

By |2022-06-16T02:46:56-05:00April 15th, 2022|Blog, Business Law, Business Structure, Employment Law, Estate Planning, Hiring Practices, Small Business, Tips|

Working remotely has become the norm as we have been navigating the COVID-19 pandemic. While some employees are returning to the office as restrictions are lifting, others consider working remotely to be their new norm. If you are managing a remote team, you may be finding it's difficult to connect as the in person interactions [...]

Read More
Comments Off on Keep Your Remote Team Connected

Tips for How to Sell Your Business

By |2022-06-16T02:48:45-05:00April 8th, 2022|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

All of your hard work building your business may someday lead to the question- how do I sell my business? Maybe you’re nowhere near thinking about exiting from your business, but planning ahead and knowing your options for selling your business only gives you more time to make sure you get what you’re worth. Whether [...]

Read More
Comments Off on Tips for How to Sell Your Business

The Lexern Law Group, Ltd. is an Illinois and Wisconsin business and estate planning law firm, located in Libertyville, Lake County, Illinois. We primarily serve clients that are located in Northeastern Illinois and Southeastern Wisconsin, including Libertyville, Lake Forest, Vernon Hills, Buffalo Grove, Glenview, Wheeling, Palatine, Northbrook, Lincolnshire, Grayslake, Arlington Heights, Kildeer, Schaumburg, Gurnee, Deerfield, Deer Park, and Barrington areas. In Wisconsin, we serve clients in Milwaukee, Racine, Kenosha, and Mequon counties. We represent business owners and licensed professionals, such as doctors, dentists, veterinarians, and their families in business, business succession, and estate planning matters.

Go to Top