Business Law
The Importance of Business Succession Planning
Posted on March 4, 2021
If you are a business owner, you probably have an idea of what your company will look like in five years. But, what about in 10 years or 20 years? Will you still be in charge of the day-to-day operations or will you have handed the reins over to a successor—possibly even your own child or another member of your family. Assuming that you do not sell or close your business, you will, at some point, need to consider who you want stepping into your shoes as driving force behind […]
How to Choose the Right Partner for Your Business Venture
Posted on February 23, 2021
Selecting a partner to join with you in a business venture is, in many ways, similar to choosing someone to date and eventually marry. In fact, you will probably spend more waking hours in an average week with your business partner than you do with your spouse, making the decision all the more important to get right. And, like marriages, most business partnerships begin with excitement, high hopes, and starry-eyed visions of the future, yet many end with bitterness, acrimony, and broken relationships. In my practice as a business formation […]
Helpful Strategies for Managing Your Business During Tough Times
Posted on February 18, 2021
If you own and operate a business, you have undoubtedly witnessed the reality that the market is often cyclical. In some industries, certain times of the year are busier than others. For example, if you run a business that provides educational resources and tutoring, you are going to be the busiest during the school year. In other sectors, your company’s operating tempo may be dependent on factors such as commodity prices, consumer confidence, and the health of the global economy. A real estate agency, for example, may experience harder times […]
How Failing to Plan Cost the Postal Service More Than $3.5 Million
Posted on February 16, 2021
Postage stamps are quickly becoming little more than a curious relic of the past for many people in today’s digital world. In fact, there are probably thousands—or maybe even millions—of American adults who have not bought a stamp in several months, if not much longer. Despite this trend, the United States Postal Service (USPS) reported that it handled approximately 129.2 billion pieces of mail in fiscal year 2020, many of which bore traditional first-class postage stamps. As large as the USPS is, it is not immune to the problems that […]
Consider Adding Outsourced General Counsel to Your Company in 2021
Posted on February 9, 2021
Large corporations generally have at least one attorney, if not an entire legal team, working full-time to provide a wide range of legal services, including legal advice on issues such as contracts, asset protection, and liability. Such lawyers also provide immediate and trusted representation in any necessary legal proceedings. The vast majority of small businesses—and even most medium-sized companies—do not have the resources to hire an in-house attorney to offer guidance on everyday matters. However, businesses of all sizes still must deal with a variety of legal concerns, and if […]
Knowing When to Sell Your Business and Getting the Best Price
Posted on February 2, 2021
There are many reasons that may lead a person to start a business. Some individuals feel that they are best suited to work for themselves rather than for someone else. Others have a passion for their particular field or industry and are happy to dedicate their professional—and often personal—lives to their craft. Still others are simply entrepreneurs looking to build a company from the ground up and then sell the company for maximum profit at exactly the right time. As a business law attorney, I understand that profitability is a […]
Important Considerations for Maximizing Your Company’s Productivity
Posted on January 26, 2021
If you are a small business owner, you know that productivity can mean the difference between a successful business and a failing one. Sometimes, a lack of productivity can be the result of employees who are not attentive, while other times, a decline in productivity can be caused by the workplace itself. As a business law attorney, I help clients address productivity issues within their companies every day. In fact, many of my clients encounter similar problems. The following are some common productivity pitfalls of which business owners should be […]
Empowering Your Employees to Improve Your Business
Posted on January 22, 2021
Those who own and operate businesses are rarely passive personalities. They are, instead, typically go-getters with an entrepreneurial spirit and the ambition to make a difference in the industries in which they operate. Some business owners take a somewhat directorial approach, telling employees what should be done and how to do it. Other owners are more hands-on, leading by example and not afraid to perform tasks that some might deem too menial or “low” for an owner to be doing. Whatever leadership style you utilize, it is important to get […]
The Importance of Knowing Your Customers
Posted on January 19, 2021
When you develop a new product or service, you do so with the intent of providing higher quality, increased value, or both to your existing customers, as well as to draw in new customers. To do so effectively, it is important to understand what your target audience wants and needs. Sometimes, however, a new product can be designed to match customers’ desires yet still fail due to unexpected factors. As a business law attorney, I have helped many clients bring new products and services to market with great success. I […]
Avoiding Common Lawsuits That Affect Small Businesses
Posted on January 12, 2021
Research shows that legal battles cumulatively cost U.S. small businesses over $100 billion every year. Having a lawsuit brought against your small business can result in crippling legal costs and serious damage to your business’s good reputation. One of the best way to avoid being the subject of a lawsuit is to take steps to ensure that your business always remains compliant with current state and federal law. As a qualified business lawyer, I can help you minimize the risk of employment disputes as much as possible. Lawsuits Faced by Small […]
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!
630-756-1160
CONTACT US
Providing You With
Peace of Mind
1776 Legacy Circle, Suite 104, Naperville, IL 60563 |
630-756-1160
