Anyone involved in a divorce soon understands that the divorce and its fallout can become be a never-ending situation. Whether it is spousal support (formerly alimony), property distribution or parenting issues, a divorce interjects both Illinois law and a judge...
Despite how careful you are, accidents and other problems can arise, including those caused by third parties, that put your personal and family’s savings and assets at risk. While you cannot absolutely protect all of your assets from the claims of creditors, even by...
Facebook, LinkedIn, Twitter, Snapchat and other forms of “social media” not even conceived of yet are transforming the way parties communicate, and the law is slowly catching up to new technology. As a result, your business should continually monitor and consider how...
While spring cleaning, like New Year’s resolutions, seems dated, it does provide an opportunity for a business owner to step back and view the forest of his business rather than focusing on the trees. There are numerous legal aspects of your business that should be...
While all businesses hope to maintain loyal and honest employees, your relationship can change dramatically when an employee is solicited or hired by a competitor. With much of your business information stored, communicated or accessible remotely by electronic...
Obtaining insurance, enrolling in retirement programs or setting up an IRA, usually require you to designate a beneficiary or contingent beneficiary, the person or persons entitled to inherit the asset on your death. Due to the surrounding circumstances this decision...
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...
With pension reform and financial issues taking up most of their time, Springfield legislators spent less time enacting new laws that effect business. Some of the new laws taking effect include: Conceal Carry. While a sign has been approved for businesses to post...
Recent case reports show that the law is catching up with our use of electronic communications and social media. These rulings generally favor making all such communications available for use in litigation and limiting user privacy protections, and reveal that user...
