Millions of mobile phone, bank and investment customers now use fingerprint readers, eye scans, and voice recognition technologies as security and privacy enhancing technologies. Biometric information can provide more security than a password, however, once biometric...
No matter how many employees, agents, partners or others that have authority to bind your business to purchase or sale contracts, you can still take steps to protect your business by ensuring that all contracts are subject to the same standard terms and conditions...
While the best business litigation strategy is to avoid litigation or resolve disputes outside of court, including negotiation, mediation or arbitration, once litigation is initiated there are many steps a business can take in conjunction with its lawyer to minimize...
The benefits of operating your business as an authorized limited liability entity are numerous, and different for each entity. Selecting the particular entity for your business should be part of your initial planning and discussed with your legal and accounting...
If you own or operate a business, one constant concern is insulating your personal and family assets from claims and liabilities that may arise from your business. While it is not always possible to create a complete barrier to keep business creditors from seizing...
Current legal writing frequently addresses the obligation to preserve and disclose information in lawsuits, but in a recent Illinois Supreme Court opinion, Brunton v. Krueger, attorney Matthew Tibble persuaded the Illinois Supreme Court to not only reaffirm the...
Like death and taxes, a third truth is that eventually you will become unable or unwilling to operate your business. Your failure to plan for this eventuality could leave your family, estate and business at risk. A business succession plan is merely writing down your...
The terms used to describe statutory and operational positions in businesses often cause confusion and raise issues regarding corporate governance. Before operating your business, joining a board of directors, or serving as an officer, you should have a fundamental...
A friend or relative makes a bequest to a disabled person in their will, hoping to make his life easier, but without proper legal advice that gift may have to be rejected by the recipient to avoid financial loss. A simple modification of the donor’s will could...
One of the major reasons to incorporate your business is to provide your family with the benefit of limited liability; that is, debts of your business do not become your debts or those of your family. But, even if your business is properly incorporated, your failure...
When opening an account, acquiring property, purchasing life insurance or even buying a house, little thought is often given to the method of holding title. Usually it first comes up when the signature card or title papers are presented. Then, with little...
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...
