by Brooks, Tarulis & Tibble | Oct 12, 2021 | Business, Business Bulletins, 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...
by Brooks, Tarulis & Tibble | Sep 28, 2021 | Business Bulletins, Business Law, Employees, Employment Issues
The Illinois Wage Payment Act was recently amended, imposing more drastic remedies against employers that do not timely pay employee wages and benefits both during and after employment. Employers who withhold any compensation, vacation/comp time or other benefits from...
by Brooks, Tarulis & Tibble | Sep 14, 2021 | Business, Business Bulletins, Business Law, Civil Litigation, Litigation
The 2016 Federal Defend Trade Secrets Act put federal trade secret protection on par with that for other intellectual property, like copyrights and patents, but without requiring registration or disclosure. The number of state and federal lawsuits using the Act...
by Brooks, Tarulis & Tibble | Aug 23, 2021 | Business Bulletins, Family Law, Insurance
The Health Care Insurance Portability and Accountability Act (HIPAA) and other privacy laws can prevent parents from access to health, financial, and academic information regarding their child in college, even if they are paying the bill. This could hamper your...
by Brooks, Tarulis & Tibble | Aug 10, 2021 | Business, Business Bulletins, Business Law, Civil Litigation, Contracts, The Courts
Many businesses and contracts provide for mandatory arbitration of disputes in lieu of or prior to filing a lawsuit. While arbitration sometimes provides a quicker and less expensive way to resolve a dispute, parties need to be aware of the differences and some of the...
by Brooks, Tarulis & Tibble | Jul 30, 2021 | Business, Business Bulletins, Insurance, Internet
The increased reports of cyber-attacks, either for ransom or other mischief, induced many insurance companies to offer cyber liability insurance policies to protect businesses from liability as result of unauthorized hacks or information disclosures, and some even...
by Brooks, Tarulis & Tibble | Jul 13, 2021 | Business Bulletins, Trusts, Trusts & Estates
A Special Needs Trust can be established for a person with disabilities from birth, afflicted during their lives or resulting from an injury, in order to provide for their supplemental needs without forfeiting benefits provided by Social Security, Medicaid or other...
by Brooks, Tarulis & Tibble | Jun 29, 2021 | Business, Business Bulletins, Business Law, Employees, Employment Issues
As business returns from a closed or remote environment the big question employers have is can you ask your employees if they are vaccinated for COVID-19? While the short answer is yes, as always there is more to it, including: Did your business opt to require...
by Brooks, Tarulis & Tibble | Jun 15, 2021 | Business, Business Bulletins, Business Law
Even after a resolution of the Covid-19 pandemic, your business will probably not return to its pre-Covid-19 normal, especially since your business may have accommodated or adjusted to a remote work force. This decentralization means you may have to devote more time...
by Brooks, Tarulis & Tibble | May 25, 2021 | Business Bulletins, Estates, Family Law, Trusts, Trusts & Estates
The death, disability and isolation caused by COVID-19 highlighted the need for parents and children to assess whether they have appropriate authority to care for the other’s financial and other needs if one is suffering from a medical disability or following their...
by Brooks, Tarulis & Tibble | May 13, 2021 | Bankruptcy, Business, Business Bulletins
Once a business owner decides to liquidate his or her business for financial or other reasons, there are choices to be made as to the method of liquidation, including supervised liquidations: bankruptcy (Chapter 7), an assignment for the benefit of creditors (ABC) or...
by Tim Penick | Apr 27, 2021 | Business Bulletins, Estates, Family Law, Trusts & Estates, Wills
As parents grow older and perhaps lose a spouse, children, other family members or even friends are often called on to help with financial and other decisions. In more drastic instances a legal guardian may have to be appointed by a Court, often causing unneeded...
