Legal Services
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The power of the Illinois LLCSep 29, 2016 1:00 am - In Illinois, both potential and existing business owners have a multitude of business formation options. Some of the most popular entities include: S-Corporations, limit...
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New overtime rule's impact on small businessesSep 29, 2016 1:00 am - Policy makers must strike a delicate balance when considering mandates that impact the relationship between business owners and their employees. While politicians must l...
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To compete or not to compete: Non-competes in IllinoisSep 29, 2016 1:00 am - A noncompete agreement is an agreement between an employer and an employee that imposes certain restrictions on the employee after the relationship between the employer ...
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Basic information about operating agreementsSep 29, 2016 1:00 am - If you are seeking a business structure with more personal protection but less formality, then forming an LLC, or limited liability company, is a good consideration. Re...
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Your policyholder just filed bankruptcy — What next?Sep 29, 2016 1:00 am - Commercial policyholder's bankruptcy filing can raise many questions, not only for its insurer but also for its agent or broker, claim administrator and premium financin...
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The top 10 pitfalls in commercial leasesSep 29, 2016 1:00 am - Whether you are a new business owner or have been in business several years, a commercial lease is most likely going to be one of your largest expense. It is well worth ...
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Understanding, addressing implicit bias recognizes it existsSep 29, 2016 1:00 am - As I considered what I would address during my term as Illinois State Bar Association president, I wanted to choose at least one issue touching upon social justice. I wa...
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Family owned businesses: The IRS seeks to eliminate the discountsSep 28, 2016 1:00 am - On August 2, 2016, the Department of Treasury (IRS) issued long-awaited Proposed Regulations affecting Section 2704 of the Internal Revenue Code (“Proposed Regulations”)...
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Fee litigation hits higher educationSep 22, 2016 1:00 am - Nearly identical class action lawsuits were filed last week against eight private universities sponsoring defined contribution Code Section 403(b) and 401(a) retirement ...
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Where have all the trowelers gone?Sep 14, 2016 1:00 am - In 2010, I was writing articles lamenting the lack of any good news in the design and construction industries. Construction and design firms were slow or failing, constr...