Business Law
Retaining & Attracting Talent
Posted on October 25, 2022

Attracting and retaining top talent is an increasingly vital issue for employers. “Help wanted” and “hiring” signs are everywhere. One recent survey found that an astounding 78 percent of businesses are currently understaffed. Employers are trying to hire qualified employees while employees are simultaneously trying to find the best jobs with the best salaries and benefits. This has led to a situation where good employees are in high demand and difficult to find. Workers are realizing that they want a better work/life balance, higher pay, better benefits, more flexibility, and […]
Employment Laws Trends You Need To Know
Posted on October 20, 2022

The COVID-19 pandemic has changed the landscape of employment law in many ways. Employers and employees alike must be mindful of these laws in order to create a solid legal employment standard and promote positive company culture. Small and medium-sized businesses across the country are struggling with labor shortages. Staying up-to-date with the latest employment laws and trends not only helps protect a company legally, but also helps attract and retain top talent. Having clear policies that comply with local, state, and federal employment laws is imperative to staying a […]
How To Recession-Proof Your Business
Posted on October 13, 2022

Business owners have been faced with seemingly endless challenges in the past few years. Shipping delays, labor shortages, and supply chain issues have forced many business owners to get creative in order to keep their businesses afloat. Lingering economic problems caused by the coronavirus pandemic and other international issues have added yet another layer of complexity to the mix, and business owners are scrambling to adapt. Many are wondering how they can recession-proof their businesses and protect themselves from the economic downturn. There is no one-size-fits-all solution to recession-proofing your […]
How Your Business Can Avoid Lawsuits
Posted on October 6, 2022

No business owner wants to deal with the headache and expense of a lawsuit. But unfortunately, even the most well-meaning businesses can find themselves on the wrong side of the law. The good news is that you can take steps to help avoid legal problems before they occur. One of the best ways to protect your business from lawsuits is to be proactive about risk management. This means taking steps to identify and mitigate risks before they result in legal action. You might perform regular safety audits of your workplace, […]
Retirement Plans Are Becoming Mandatory. Does Your Business Have a Good One in Place?
Posted on September 27, 2022

Illinois now requires employers with at least five employees to offer a retirement program of some kind. For businesses with 16 to 24 employees, the deadline for establishing a retirement plan is November 1, 2022. For businesses with 5 to 15 employees, the deadline is November 1, 2023. Regardless of your business’s size, retirement benefits are crucial. Individuals of all ages are increasingly concerned about retirement and many fear the end of social security. Workers want competitive retirement plans with a high match rate. If you want your company to […]
Are You Prepared To Handle Internal Employee Disputes?
Posted on September 20, 2022

Unfortunately, even with many people remotely working these days, employee confrontations and allegations still exist. This is a big cause for legal issues that arise within the human resources arena. How a company handles employee allegations and disputes directly reflects on the business’s company culture. Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, and the Occupational Safety and Health Act (OSHA) are just some of the laws requiring employers to thoroughly investigate employee allegations. Employers must investigate claims of harassment, discrimination, safety violations, and […]
Can You Access The Bank Accounts Of Deceased Family Members?
Posted on September 15, 2022

If your family member passes away but has no legal documents explaining who should receive what assets and only had their own name on the bank accounts, what happens to the funds in the accounts? What legal action can you take at this point? Questions like these are vital to consider. When an individual does not have any estate planning documents in place or have other individuals on their bank accounts, surviving family may be left with many more questions than answers. This is why it is so important for […]
Let Your Customers Know You Are Doing Your Best
Posted on September 13, 2022

To say that times are tough for business owners right now is to massively understate the challenges facing small and mid-sized businesses across the country. Businesses are plagued with staffing shortages, supply chain interruptions resulting in delays and shortages, and lingering financial effects caused by the pandemic. The stress caused by these issues affects both businesses and the customers they serve. One survey showed that 87 percent of consumers have been negatively impacted by supply shortages and delays. Consumers reported feeling frustrated, anxious, and angry due to these issues. Concerningly, […]
Combating Labor Shortages in Manufacturing
Posted on September 6, 2022

Labor shortages have affected many industries, but few as harshly as the manufacturing industry. In our modern world, manufacturing jobs require not only operational know-how but also substantial digital expertise. Workers with the necessary skillsets are rare, and many who do have the necessary skills have moved on from manufacturing jobs to positions with higher pay, better benefits, or more flexibility. Increased costs and supply chain disruptions caused by lockdowns and the Russia-Ukraine war are only exacerbating problems in the manufacturing industry. Employers in the manufacturing industry are now faced […]
Would Your Business Get Top Dollar in a Sale?
Posted on August 30, 2022

Would you like to get top dollar for your business when you eventually sell it? If so, you will need to start preparing now. It usually takes about five years to get a business ready for sale, so the sooner you start, the better. Many business owners fail to think about how to increase the business’s value before putting it on the market. This mistake can cost you dearly. Whether you plan to sell soon or you are simply readying your business for a possible sale in the future, it […]
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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.