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Business Law

 

Business Succession Planning

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...

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...

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...

Assignments for the Benefit of Creditors

When your business comes to an end, how you handle its closure is important to your personal assets, as well as its employees, creditors and others. Most states provide a quick and inexpensive method to close your business, terminate many personal liabilities and pay...

Alternatives to Business Bankruptcy

As the complexity and cost of federal bankruptcy grows, more financially distressed businesses look to state law remedies to address creditors, reorganize, or liquidate. State law insolvency proceedings, such as receiverships, asset sales and assignments for benefit...

Brooks, Tarulis & Tibble, LLC
1733 Park Street, Suite 100
Naperville, Illinois 60563

630-355-2101 | info@napervillelaw.com | GET DIRECTIONS