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Business owner legal guidance from Lexern Law Group helps entrepreneurs protect operations, reduce risk, and plan for long-term success.

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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Four Reasons Your Business Needs a Buy-Sell Agreement

By |2022-06-16T02:49:55-05:00April 1st, 2022|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

No matter what the set up of the ownership of the business is, at some point it’s inevitable that an owner will leave. Retiring, changing careers, emergencies, or death, are all events to be prepared for. Having a plan ahead of time will keep operations running smoothly and keep every shareholder protected. A buy-sell agreement [...]

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How to Handle When an Employee Quits Your Company

By |2021-12-06T16:13:53-06:00February 11th, 2022|Blog, Estate Planning, Estate Planning|

When an employee leaves your company, whether on good or bad terms, it can cause a lot of stress. Filling their role and responsibilities, understanding why they left and not taking it personally, making sure operations aren’t disrupted, are all a part of the stress of losing an employee. While these are all important, [...]

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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.

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