Law Blog
January Business Bytes
This month’s Business Bytes highlights business privacy, no hire agreement collusion and power of attorney. Privacy is a Primary Business Concern. Illinois’ national leading Biometric Information Privacy Act (BIPA) is a major concern and risk to any business...
Requesting Genetic/Medical History Information
The Illinois Genetic Information Privacy Act of 1998 410 ILCS 513/25(c)(1) (GIPA) prohibits inquiries into a person’s family medical history and obtaining genetic information. Like the federal Genetic Information Non-Discrimination Act of 2008 (GINA) that regulates...
Fiduciary Duties
A fiduciary is a legal term identifying a person or entity with a special legal relationship with another, imposing an obligation that the fiduciary act in the best interests of the other, its client. Parents, trustees, guardians, advisors, counselors, caretakers,...
December Business Bytes
This month’s Business Bytes highlights cyber risks, homeowner’s insurance and ADA shakedowns. Cyber Risks. Ransomware and business e-mail attacks on small and medium size business enterprises constitute the greatest and most expensive cybercrimes...
Inventory/Product Loss
Insurance trade groups report an increasing number of loss claims arising from inventory and product loss – often employee theft. As these losses increase premiums increases will follow. Be sure that any steps taken to prevent such losses are legal, defensible,...
Avoiding the Traps of a Family Business
Almost every parent’s dream is to create a family business that will be a legacy to and source of wealth for his or her heirs. However, almost every successful entrepreneur spends more time growing the business than considering how the growing family will successfully...
Mandatory Compliance: Illinois Secure Choice Program
As of November 1, 2023, Illinois employers with five or more employees are required to participate in the Illinois Secure Choice Program. The Program, launched in 2018, is designed to address the retirement security crisis, offering an Illinois sponsored retirement...
November Business Bytes
This month’s Business Bytes highlights right of publicity, defamed corporations and key person insurance. Right of Publicity. Like the law of many other states, Illinois’ Right to Publicity Act, 765 ILCS 1075, prevents the commercial use of a person’s...
Douglas Tibble presents “Attributes of a Good Business Valuation Expert” at Sikich Accounting
On October 25, 2023, Douglas Tibble conducted a presentation entitled “Attributes of a Good Business Valuation Expert” at the appraiser/business valuator’s conference hosted by Sikich Accounting in Naperville. His presentation addressed enhancing the valuator’s role...
Disclosing a Data Breach
Suffering a data breach could be fatal to your business, but if it isn’t, don’t let your handling the breach make it so. Federal and state laws and trade association standards provide some guidance on when, what type and to whom notices of a data breach must be...
