by Brooks, Tarulis & Tibble | Apr 13, 2022 | Business, Business Briefs, Insurance
Asset protection planning is taking proactive steps to protect your personal or business assets and income before there is a legitimate threat or claim against you or your business. This is not giving away or transferring your assets to other parties, that carries its...
by Brooks, Tarulis & Tibble | Mar 14, 2022 | Business Briefs, Business Law, Contracts
Unexpected supply-chain tie-ups, price increases, delivery delays and product shortages recently plagued many businesses. If they are not bad enough, handling the situation poorly can also result in contract breaches, customer/supplier losses, damages and lawsuits. To...
by Brooks, Tarulis & Tibble | Feb 14, 2022 | Business, Business Briefs, Contracts
Manufacturing delays, transportation shortages and overall supply chain issues caused problems for many businesses from manufacturing to retail. These situations outside of your control can also result in further problems for your business if you fail to supply,...
by Brooks, Tarulis & Tibble | Jan 10, 2022 | Business Briefs, Business Law
When the owner or owners of a closely held small business decide its time to sell or are approached by a potential buyer, the first order of business should be determining the business’ value or the value of the selling owners’ interest. Innumerable factors are...
by Douglas Tibble | Dec 29, 2021 | Business Briefs, Estates, Taxes, Trusts & Estates
To many people estate planning is merely preparing a will to tell your executor what to do with what you own when you die. But, estate planning is more than just drafting a will. It includes tax efficiencies, wealth preservation, asset protection, efficient asset...
by Brooks, Tarulis & Tibble | Dec 27, 2021 | Business, Business Briefs, Business Law, Family Law, Taxes
The media’s focus on spending in the proposed Build Back Better and related bills pending before Congress overlooks many of the revenue aspects that could affect the estate plans of the wealthy and the tax strategies of business owners and the highest income earners....
by Brooks, Tarulis & Tibble | Dec 14, 2021 | Business, Business Briefs, Business Law, Contracts
Each business, or at least its ownership, has a life cycle and particularly with multiple owners it is important to consider at the business’ inception how the business may end or an owner leave. While the law provides a mechanism to end a business or one’s ownership,...
by Brooks, Tarulis & Tibble | Dec 1, 2021 | Business Briefs, The Courts, The Law
The law legalizing recreational cannabis also provided for the expungement (removal) of all court records regarding various prior cannabis arrests, citations and convictions. While each county’s States Attorney was charged with doing the expungements, few did. The...
by Brooks, Tarulis & Tibble | Nov 29, 2021 | Business Briefs, Estates, Family Law, Trusts & Estates, Wills
As an increasing number of seniors opt to remain in their homes with the assistance of non-family caregivers, there is an increasing risk that they could be victimized by an unscrupulous caregiver. Even if retained from a reputable source, background checked, highly...
by Brooks, Tarulis & Tibble | Nov 24, 2021 | Business Briefs, Business Law, Employees, Employment Issues
Illinois law mandates all employers to annually provide sexual harassment training to each of its Illinois employees. While there are many consultants and programs an employer can hire or purchase to fulfil this legal requirement, the state also provides a free...
by Brooks, Tarulis & Tibble | Oct 28, 2021 | Business, Business Briefs, Business Law, Contracts, Employees, Employment Issues
Any employer that uses or is considering using non-competition or non-solicitation agreements with its employers needs to review them prior to January 1, 2022, when a new law takes effect that can not only negate such agreements, but expose employers to damages,...
by Brooks, Tarulis & Tibble | Oct 12, 2021 | Business, Business Briefs, Business Law, Contracts
Whether it’s a corporation, company, limited liability entity, limited partnership, partnership or business trust, business owners are encouraged to form and use some type of business entity to limit their personal liability exposure, creating a firewall to prevent...
