Business Law
Southwest Airlines Announces Plans to Serve Chicago’s Largest Airport
Posted on October 22, 2020

There is no question that 2020 has been a year filled with unique challenges for everyone. Individuals and families have been forced to abide by stay-at-home orders, and many businesses were shut down for extended periods. As things begin to open back up, however, some companies are finding new ways to increase their revenues by seizing opportunities where they become available. One local example can be found in the plans recently announced by Southwest Airlines to expand operations to Chicago’s O’Hare Airport for the first time in the airline’s history. […]
What You Should Know About Starting a Family Business
Posted on October 20, 2020

As a business law attorney and a business owner, I understand that opportunistic entrepreneurs always have their eyes open for the next “big thing.” They come across a business idea, invest a great deal of money and time into building the idea into a business, then sell the new venture to a larger company for a significant profit—often rather quickly. Other business-oriented individuals are looking for something quite different. They prefer to begin with an idea, build a foundation, grow the idea, and create a sustainable company that can be […]
Important Considerations for Choosing Your Successor
Posted on October 13, 2020

Family-owned businesses represent a significant portion of the American economy and are a proud tradition for many families. According to national estimates, family-owned companies comprise 90 percent of businesses nationwide and are responsible for more than 60 percent of the jobs in this country. As a business law attorney, I have helped many business owners, and I am familiar with the challenges that family businesses face. Among the toughest is planning for the future of the business, especially across generational lines. Selecting the right family member to step in as […]
How Non-Disclosure Agreements Can Protect Business Negotiations
Posted on October 8, 2020

The success of many business owners is dependent on the manner in which they approach relationships with other businesses and entrepreneurs. While a business professional should be as good as his or her word, and a handshake should still carry significant meaning, it is more important than ever that most agreed-upon details should be formalized as a written contract, especially in significant business transactions. For a large number of transactions, the first step is often a non-disclosure agreement, or NDA, designed to protect a company’s professional interests. What is a […]
Bed Bath & Beyond Announces Closures and New Strategies
Posted on October 6, 2020

When you own a business, you can never allow yourself to become stagnant, even if everything seems to be working perfectly. Over time, market conditions change, as do your customers’ desires and your competitors’ efforts to keep up. It is certainly important to keep doing the things that are working for your business, but it is equally important to recognize the parts of your business that might be slowing your growth. In practice, this could mean you need to make cuts in certain areas. The good news, however, is by […]
How a Divorce Can Affect Your Family Business
Posted on September 28, 2020

Family-owned businesses are, for many, embodiment of the “American Dream.” Opening a company with the intention of passing it down for generations to come can be both exhilarating and highly profitable. There are, however, certain events that could throw the proverbial wrench into the gears of your long-term plans, and some are not even business- or industry-related. As a business law attorney, I understand that a divorce between spouses who own or run a business together can be spell major trouble for the company. Due to the complex nature of […]
Protecting Yourself as an Entrepreneurial Inventor
Posted on September 22, 2020

Entrepreneurial inventors are part of a unique class of small business owners. Not only are they responsible for the creation of the product that they sell, but often they must take care of the front-end business management responsibilities and costs. Though an individual may have a brilliant idea, getting the idea turned into a tangible and marketable product can cost a lot of money and take years to come to fruition. As a small business law attorney and business owner, I understand the struggles that many entrepreneurs face. To that […]
4 Tips for Creating a Winning Business Idea
Posted on September 20, 2020

Have you ever thought of a unique product or service that might provide the basis for a profitable business? Or maybe, you observed the manner in which an existing company offers a particular product or service and thought you could dramatically improve on it. No matter where the creative spark is born, an idea for a product, service, or new company must be carefully analyzed and researched before jumping with both feet into full-scale sales. Along the way, a qualified business attorney can help you identify and address potential concerns, […]
Keep Negative Online Reviews in Perspective
Posted on September 14, 2020

No matter what your chosen industry may be, your customers or clients represent the very reason for your company’s existence. If there was no one to buy your products or services, offering them would be completely pointless. For many business owners, including a large number of my clients, offering world-class customer service is a top priority, which helps to build client relationships and improve customer satisfaction. When a customer relationship sours, however, it can be very easy to take the situation personally, especially if the customer takes his or her […]
3 Important Considerations for Those Considering Buying a Business
Posted on September 8, 2020

For a first-time business owner, the prospect of buying a business can be quite overwhelming. You may not be certain where to start, what to do next, or even if you are making the right choice. That is why it is so important to work closely with an experienced business lawyer. A knowledgeable attorney can help you ensure that you have considered all of the necessary details and put in the best position for long-term success. As you consider your options for buying a business, there are very important things […]
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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.