Author: Linsi Tuttle
3 Tips for Writing a High-Quality Business Plan
Posted on May 18, 2020

If you are an entrepreneur interested in starting a business, your mind is probably racing with ideas and possibilities. One of the most important things you can do to start your business off on the right foot is to create a detailed business plan. As the old saying goes, “Failing to plan is planning to fail.” This statement is especially true in the business world. Approximately 80 percent of new businesses fail within their first year and a half. In order to give yourself the best chances possible of success, […]
3 Important Estate Planning Issues Every Unmarried Couple Should Consider
Posted on May 13, 2020

More and more couples are choosing to share their lives together without being legally married. There are many different reasons that a couple may decide not to get married. Some may feel like marriage is an outdated concept while others cite divorce fears as the reason for not tying the knot. Other couples simply do not believe that they need a marriage certificate to validate their relationship. Whatever your reason, if you are in a committed but unmarried relationship, there are several estate planning concerns you should be aware of. […]
Should I Offer My Sales Staff Salary or Incentive-Based Pay?
Posted on May 11, 2020

Running a small business is no easy task. Not only do you need to offer a unique product or service, abide by all tax laws, and cover the cost of your overhead, but you must also ensure your employees are happy. To accomplish this, you need to know how to pay them properly. For most employees, this means offering them competitive hourly wages. Regarding sales staff, however, there are generally two types of compensation: salary and incentive, and determining which one is right for your business can be a tough […]
4 Common Mistakes Business Owners Make When Drafting Contracts
Posted on May 6, 2020

Well-written business contracts are the backbone of a successful business. If you own a business, you may deal with sales-related contracts such as purchase orders, bills of sale, and warranties. You probably manage employment contracts such as employee agreements, independent contractor agreements, confidentiality agreements, and non-compete agreements, as well. Whatever types of contracts your business uses, it is essential that these contracts be written accurately and in a way that makes them legally enforceable. It is easy to make a mistake in a contract that changes the nature of the […]
How Fake and Exaggerated Online Reviews Can Affect Small Businesses
Posted on May 4, 2020

Google, Yelp, Facebook, Angie’s List, Better Business Bureau, Foursquare, and a host of other websites allow customers to leave reviews about the businesses they frequent. While customer feedback is a valuable resource for any business owner, online review websites are also vulnerable to misuse. A person can leave a review for a business even if he or she has never interacted with the company. In addition, there is little stopping customers from posting reviews that are completely unfounded. If you are a business owner, you should be aware of how […]
People Helping People in the Midst of the Coronavirus Crisis
Posted on April 30, 2020

The last six weeks or so have been like nothing any of us have ever experienced. In fact, most of us could never have imagined a real-world scenario in which our city, state, and country would need to be shut down almost entirely. Illinois has been under a shelter-in-place order since March 21, and many other states have similar orders in place. Unfortunately, the stress and uncertainty of the situation have caused many people to behave in ways that are uncharacteristic. Social media, for example, is full of emotionally-charged political […]
Life Changes That May Require an Estate Plan Update
Posted on April 29, 2020

If you have already developed an estate plan, congratulations! You are in the minority, but you have taken the steps toward providing security for your loved ones. However, it is also important to understand that there are certain situations or life changes that may require you to update or make amendments to your estate plan. As a Naperville estate planning attorney, I can help you know how to recognize the need for such updates and will work with you in utilizing new tools and developing terms to meet your evolving […]
What Are the Possible Remedies for a Breach of Contract?
Posted on April 22, 2020

Business contracts are some of the most important elements of a successful business. However, when one party does not uphold its end of a business agreement, the other party can suffer considerable harm. A breach of contract occurs when one party does not fulfill the obligation it agreed to in a contract and the non-breaching party, or injured party, suffered financial harm as a result. The breaching party may be required to “remedy” the situation though one of several means. If your business has suffered due to a breach of […]
Naperville Business Attorney Discusses Trademarks and Copyright Protection
Posted on April 17, 2020

When you think about the type of security your business needs, your first thoughts may turn to installing surveillance cameras or an identification card entry system. Of course, these kinds of physical measures can help you protect your company, particularly if you own a retail outlet or run an office that works with sensitive information. What about your more intangible security concerns? How can you protect ideas, works, designs, symbols, logos, and other intellectual property? In my practice as a business law attorney, I have helped many entrepreneurs and business […]
Naperville Estate Planning Lawyer on How Filing for Bankruptcy Can Affect Estate Plans
Posted on April 15, 2020

When debts become overwhelming, a person may have no other choice but to file for bankruptcy. Through bankruptcy, an individual may find relief from crushing debts and enjoy a fresh start. However, bankruptcy may also have an effect on estate plans. If you are struggling financially and are considering filing for bankruptcy protection, you might also be wondering what will happen if you were to die while you are in bankruptcy. You may wonder, “What happens if a person passes away while he or she is in bankruptcy?” As an […]