Law Blog
Asset Protection Planning
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...
Supply Chain, Product Increases and Shortages
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...
Supply Chain and Related Issues
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,...
Expungement of Marijuana Arrests/Convictions
The law legalizing marijuana also provided that those arrested, convicted or who plead guilty to minor marijuana possession offenses could have their criminal records expunged. Minor violations were to be expunged automatically by the state’s attorneys of each county,...
New Business Laws for 2022
Probably due to the pandemic, the Illinois Legislature passed few laws important to business in Illinois and effective January 1, 2022. They include: Increasing the minimum wage to $12.00 per hour; Making non-compete agreements generally not enforceable against...
Valuing a Small Business for Sale
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...
Estate Planning is Tax Efficiency and Wealth Management
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...
Helping Elderly Parents or Friends Avoid Guardianship with a Power of Attorney
As we 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 expense...
