Law Blog
Fiduciary Duties
A fiduciary is a legal term identifying a person or entity with a special legal relationship with another, imposing an obligation that the fiduciary act in the best interests of the other, its client. Parents, trustees, guardians, advisors, counselors, caretakers,...
December Business Bytes
This month’s Business Bytes highlights cyber risks, homeowner’s insurance and ADA shakedowns. Cyber Risks. Ransomware and business e-mail attacks on small and medium size business enterprises constitute the greatest and most expensive cybercrimes...
Inventory/Product Loss
Insurance trade groups report an increasing number of loss claims arising from inventory and product loss – often employee theft. As these losses increase premiums increases will follow. Be sure that any steps taken to prevent such losses are legal, defensible,...
Avoiding the Traps of a Family Business
Almost every parent’s dream is to create a family business that will be a legacy to and source of wealth for his or her heirs. However, almost every successful entrepreneur spends more time growing the business than considering how the growing family will successfully...
November Business Bytes
This month’s Business Bytes highlights right of publicity, defamed corporations and key person insurance. Right of Publicity. Like the law of many other states, Illinois’ Right to Publicity Act, 765 ILCS 1075, prevents the commercial use of a person’s...
Douglas Tibble presents “Attributes of a Good Business Valuation Expert” at Sikich Accounting
On October 25, 2023, Douglas Tibble conducted a presentation entitled “Attributes of a Good Business Valuation Expert” at the appraiser/business valuator’s conference hosted by Sikich Accounting in Naperville. His presentation addressed enhancing the valuator’s role...
Disclosing a Data Breach
Suffering a data breach could be fatal to your business, but if it isn’t, don’t let your handling the breach make it so. Federal and state laws and trade association standards provide some guidance on when, what type and to whom notices of a data breach must be...
Financial Distress
When your business is faced with financial distress, there are actions you can and should take before all your lenders, creditors, landlords, customers and employees learn about the situation that may alleviate, reduce or defer the fall-out, that include:...
October Business Bytes
This month’s Business Bytes highlights non-competiion contract clauses, privacy protection persistence and umbrella insurance. Non-Competition Contract Clauses. While there are legitimate needs and purposes for an employer to require its employees to sign...
New View on Unfair Competition
A recent Illinois Appellate Court ruling upheld a carpet cleaner’s claim against a competitor that its competitors’ use of cleaning chemicals banned by the EPA that do a better cleaning job than his legal cleaning solutions constituted unfair competition in Illinois....
