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One of the primary reasons for conducting business through a corporate entity is to protect the individuals owning and running the business from being personally liable for the debts of the entity. If done right, an investor in an Illinois corporation or Limited Liability Company – an “LLC” in ...
Let’s face it: it’s beginning to look like this “social media” thing might be here to stay. Facebook is celebrating its tenth anniversary in 2014 and, largely due to its immense popularity, other sites such as Twitter, LinkedIn, Instagram and many others have exploded in popularity in recent ...
In a prior article, we’ve commented on the frequency with which Estate Plans are out of date, or simply never completed – 70% by some estimates! As surprising as this figure might be with Wills or Trusts, our observation over the years is that, if estate planning languishes to this degree, the ...
Very few areas of employment law in Illinois are as confusing as the enforceability of non-compete agreements. Unfortunately, use of non-competes have exploded over the last few years as employers have recognized the risks associated with employees leaving and going to work for competitors and have ...
In today’s economy, businesses of all sizes increasingly find themselves doing business across state lines. Given the state-by-state nature of business regulation, companies that intend to (or simply find themselves doing) business in a state other than their home state must determine if they need ...
As reported in Rich’s most recent article, the Annual Report scam being run by a company called Corporate Records Service doesn’t appear to be going away. Now I have the unhappy task to let you know there are a couple of new ones emerging since then. These are both intended to con people into buying ...
As reported in a previous article, the Annual Report scam being run by a company called Corporate Records Service doesn’t appear to be going away. Once again, in the last few days, added clients have been asking about a form they received in the mail that appears to be the Annual Report form we file ...
When Steve Martin was getting started as a stand-up comic, one of his comedy bits involved his adventures visiting France and not speaking the language. After several hilarious examples of his attempting to communicate he famously said, “It’s like those French have a different word for ...
My partners and I have reflected often on all the reasons so many people we know get stuck when thinking about their estate plans. After all, the statistics are stubborn and frightening: 70% of American adults have no Will or other estate plan, or what they put in place at one time is ineffective to ...
With apologies to godaddy.com, do you know who owns your business’ website and domain name? In this digital age, more and more of your business’ assets are of the digital variety. In addition to a website and domain name, your business probably has e-mail, Facebook, Twitter, and LinkedIn ...