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Law Blog

 

Buying or Selling a Business

In the life of almost any business there comes a time when its founder or owners want to sell.  While there are a myriad of ways and combinations to effectuate the sale, some of the key driving factors include tax treatment, continued liability, type and nature of...

Avoiding Business Fraud

No business is too big or to small to be immune from the risk of fraud being perpetrated by employees, contractors, vendors, customers, officers, directors and others.  Every business is also subject to the potential liabilities that could arise as a result of...

Multi-State Business Means Multi-State Risks

The ease of conducting business in multiple states not only exposes your business to new markets, customers and suppliers, but the obligation to comply with other states’ laws and answer lawsuits in other states. Neither your lack of knowledge of local laws nor your...

Did My E-Mail Create a Contract?

With the speed of business communications and transactions, an e-mail can create or negate a binding contract. With this in mind, and the casual way many e-mails are drafted and sent, you should take steps to protect your business from an errant or unintended e-mail...

Protecting Your Business Information

Protecting the information and relationships that give your business a competitive edge requires more than just reliance on the Illinois Trade Secret Act. Some of the steps you should consider include: Analyze Your Need. Determine what is protectable and how to...

Condominium and Homeowners Associations

Condominium and homeowners associations were once heralded as an expression of grass roots democracy, allowing neighbors with common interests to act in a democratic way to protect their property values and maintain their chosen lifestyles. More recently, due to the...

Successor Liability – A Trap for the Unwary

The conventional wisdom is that when you buy the assets of another business you are insulated from the seller’s liabilities. The basis of this “wisdom” is rapidly eroding. Recent statutory and case law developments blur the difference between buying assets and buying...

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