by Brooks, Tarulis & Tibble | Jun 15, 2022 | Business Briefs, Business Law, Taxes
Operating your business as a limited liability entity generally protects your personal assets from claims of business creditors, but the informal operation of small to mid-sized and family-owned businesses can sometimes weaken that protection when things go bad,...
by Brooks, Tarulis & Tibble | Jan 10, 2022 | Business, Business Law, Employees, Employment Issues, Insurance
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...
by Brooks, Tarulis & Tibble | Jan 10, 2022 | Business Briefs, Business Law
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...
by Brooks, Tarulis & Tibble | Dec 15, 2021 | Business, Business Law, Contracts
The recent troubles with acquiring inventory, unexpected price increases, delivery delays and product shortages caused problems for many businesses. It also highlights that it is a good time to review your agreements, purchase orders, invoices, and other contract...
by Brooks, Tarulis & Tibble | Dec 14, 2021 | Business, Business Briefs, Business Law, Contracts
Each business, or at least its ownership, has a life cycle and particularly with multiple owners it is important to consider at the business’ inception how the business may end or an owner leave. While the law provides a mechanism to end a business or one’s ownership,...
by Brooks, Tarulis & Tibble | Nov 24, 2021 | Business Briefs, Business Law, Employees, Employment Issues
Illinois law mandates all employers to annually provide sexual harassment training to each of its Illinois employees. While there are many consultants and programs an employer can hire or purchase to fulfil this legal requirement, the state also provides a free...
by Brooks, Tarulis & Tibble | Nov 18, 2021 | Business, Business Law, Contracts, Family Law
Your business supported you and your family, and when it’s time to retire, proper prior planning can enable it to also support your retirement. Successful business succession planning should begin well before you are ready to retire in order to maximize value for you...
by Brooks, Tarulis & Tibble | Oct 28, 2021 | Business, Business Briefs, Business Law, Contracts, Employees, Employment Issues
Any employer that uses or is considering using non-competition or non-solicitation agreements with its employers needs to review them prior to January 1, 2022, when a new law takes effect that can not only negate such agreements, but expose employers to damages,...
by Brooks, Tarulis & Tibble | Oct 12, 2021 | Business, Business Briefs, Business Law, Contracts
Whether it’s a corporation, company, limited liability entity, limited partnership, partnership or business trust, business owners are encouraged to form and use some type of business entity to limit their personal liability exposure, creating a firewall to prevent...
by Brooks, Tarulis & Tibble | Jul 30, 2021 | Business, Business Briefs, Insurance, Internet
The increased reports of cyber-attacks, either for ransom or other mischief, induced many insurance companies to offer cyber liability insurance policies to protect businesses from liability as result of unauthorized hacks or information disclosures, and some even...
by Brooks, Tarulis & Tibble | Jun 29, 2021 | Business, Business Briefs, Business Law, Employees, Employment Issues
As business returns from a closed or remote environment the big question employers have is can you ask your employees if they are vaccinated for COVID-19? While the short answer is yes, as always there is more to it, including: Did your business opt to require...
by Douglas Tibble | Oct 5, 2020 | Business, Business Briefs, Business Law, Business Marketing, Employment Issues, Internet, Privacy
The Covid-19 pandemic and the sudden increase of the number of employees working at home puts even more pressure on your business to protect its proprietary, confidential and trade secret information. Some concerns you should address to protect confidential...
