Business Law
How Do Business Owners Plan for Life-Changing Events?
Posted on July 12, 2022
If the last few years have taught us anything, it is that life is full of unexpected changes. When you own a business, planning for life-changing events must be a top priority. For many owners of small- and medium-sized businesses, their business is their most valuable asset – both financially and personally. Consequently, protecting the business’s future is essential. Having a detailed business succession plan in place is one of the best ways to protect a business in the event of an unexpected illness or death. Business succession plans can […]
Review Your Business Contracts Frequently to Ward off Problems
Posted on July 7, 2022
Contractual relationships are the backbone of a successful business. Unfortunately, many business owners are stretched so thin that reviewing contracts gets put on the back burner – especially during these chaotic times. It can be easy to overlook contract renewals or proceed with a renewal without updating or negotiating the contract terms. Business contracts should be checked frequently to account for changing needs, increased expenses, and other concerns. Failing to regularly review and modify contracts as needed can cost business owners precious time and money. Contract Review and Negotiation is […]
Coping With Inflation During Already-Challenging Times
Posted on July 5, 2022
In May 2022, consumer prices in the United States rose 8.6 percent – the fastest rate in over 40 years. Inflation has touched nearly every aspect of Americans’ lives, and few have felt the effects more powerfully than business owners. A study conducted by the National Federation of Independent Business found that 33 percent of business owners cite inflation as their number one business concern. When combined with labor shortages, supply chain issues, and other concerns, it is no surprise that many businesses are struggling. Small and medium-sized businesses are […]
How to Be the Boss You Always Wished You Had in a Swiftly Changing Work Landscape
Posted on June 23, 2022
The workplace dynamic has shifted dramatically in the last few years. More and more employees are leaving their jobs for positions they feel better fit their personal needs and professional goals. The so-called “Great Resignation” has left many employers short-staffed and unsure how to proceed. Simultaneously, many companies are developing long-term work-from-home and remote work policies. Workers and managers have been forced to reevaluate their methodologies and adapt to rapidly changing circumstances. As younger employees grow in their careers and become leaders, they are forced to contend with some of […]
A Helpful Option For Small and Mid-size Businesses
Posted on June 16, 2022
There is no doubt that many small and medium-sized businesses are currently struggling. In addition to typical business concerns like compliance issues and customer service, businesses must also contend with skyrocketing costs and labor shortages. Large companies have in-house legal counsel who are dedicated to addressing the company’s legal needs. However, small and medium-sized businesses typically cannot afford to have a full-time lawyer on their team. These smaller businesses often try to handle legal matters on their own or hire an attorney ad hoc after they have gotten into legal […]
How Do You Protect Yourself in a Business Partnership?
Posted on June 14, 2022
An old saying claims that two heads are better than one. In the context of business partnerships, this is often true. Partnering with another individual can help you divide business responsibilities, increase capital, attract investors, and grow your company. Partners can bring fresh ideas and a wealth of knowledge and experience to the table. There are many advantages to going into business with other people. However, there are also challenges and risks associated with business partnerships. If you are interested in forming a general partnership, limited partnership (LP), or limited […]
Utilizing A Business Strategist in Challenging Times: Find a Qualified Outsourced General Counsel
Posted on June 7, 2022
To say that the last couple of years have been a whirlwind of change is an understatement. Between the pandemic, record-high inflation, supply chain issues, and labor shortages, many business leaders are feeling overwhelmed and uncertain about the future. Simultaneously, many employees are leaving their jobs in search of better pay, more flexibility, and work-from-home opportunities. The mass exodus of workers has been dubbed “The Great Resignation.” Many business owners and managers have been left struggling to find enough staff to keep their doors open, let alone strategize for long-term […]
Why Made In America Can Help End Supply Chain Issues
Posted on May 24, 2022
Business owners and consumers alike have experienced the negative effects of supply chain issues recently. The COVID-19 pandemic, inflation, overseas conflicts, and other factors have created the “perfect storm”of events, resulting in higher prices, reduced supplies, and all-around frustration. If you are a business owner or business leader, you know just how devastating supply chain issues have been to businesses across the U.S. Relying on overseas materials has revealed itself for the flawed approach it is. Obtaining products and supplies from U.S. companies provides innumerable benefits to small and medium-sized […]
Is Your Business Addressing Employee Mental Health Issues?
Posted on May 17, 2022
Did you know that May is National Mental Health Awareness Month? Each May, businesses, government organizations, nonprofits, and individuals work to reduce the stigma regarding mental illness and spread awareness of mental health resources. With inflation, food shortages, lingering concerns about COVID-19, and countless other stressors, many people are experiencing mental health concerns. If you are a business owner or business leader, it is important to consider how your company is addressing employee mental health issues. Mental Illnesses Are on the Rise Researchers at Boston College report that six times […]
Legal Issues Disrupt Small and Mid-Sized Businesses Ability to Grow
Posted on May 10, 2022
Running a successful business can sometimes be like juggling many balls at once. Business owners must deal with day-to-day operations, administrative tasks, vendor issues, employee concerns, marketing, customer complaints, and much more. If you ask business leaders, most will admit that there are simply more responsibilities than they have time to complete in any given day. Unfortunately, this chronic busyness leaves little room for legal concerns like licensing, protecting intellectual property, drafting robust contracts, and compliance with local, state and federal regulations. Legal matters often fall to the bottom of […]
Practice Areas
Archive
+2018
+2016
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.
Blog Sign Up
Like what you see?
Follow us to stay current!
630-228-9413
CONTACT US
Providing You With
Peace of Mind
1776 Legacy Circle, Suite 104, Naperville, IL 60563 |
630-228-9413
