Business Law
Naperville Business Law Attorney Looks at the Success Story of Netflix
Posted on October 10, 2017
Today, the name “Netflix” is synonymous with streaming entertainment as a viable alternative to cable, satellite, or over-the-air broadcast programming. When the company first started nearly 20 years ago, however, there was little indication that it would quickly become global entertainment leader. As a business law attorney, I recognize the importance of evolving with the times to remain relevant. In any competitive industry, companies that do not adapt to meet the changing needs of consumers will quickly become obsolete. The story of Netflix provides a good example of how adaptability […]
Naperville Business Lawyer Discusses Oral Contracts
Posted on March 24, 2017
As you are probably aware, most businesses rely on a number of contracts of contracts and agreements. These typically include partnership agreements, employment contracts, purchase agreements and a variety of others that have been carefully drafted and reviewed before they are signed. Most such agreements are formalized in writing, as doing so creates a permanent record of the agreement that can be used to enforce the terms of the contract if necessary. Contrary to popular belief, however, an oral contract may also be enforceable in many cases. If your company […]
Naperville Business Lawyer Discusses the Right to Refuse Service
Posted on December 7, 2016
As a business owner, you are probably familiar with the maxim “We reserve the right to refuse service to anyone.” In fact, you may have a sign or poster displayed prominently in your place of business with those exact words or a similar approximation of them. But, does the law really give you the right to refuse service to particular person or group of people? In my practice as a business law attorney, I am frequently approached with this exact question. The answer, as with many areas of the law, […]
Naperville Employment Attorney Discusses How to Contest an Unemployment Claim
Posted on July 31, 2015
When you hire a staff to help your company meet your customers’ needs, you are primarily focused on the ability of your employees to get the job done. You expect them to be punctual, efficient, and productive while contributing to your company’s continued success. From time to time, you will likely see employees leave to pursue other opportunities. You will also probably need to terminate a member of your staff on occasion for non-compliance with company policies or poor production. In such a situation, your former employee may seek to […]
Know the Risks of a Personal Guarantee for Your Business Loan
Posted on July 22, 2015
For many small business owners, especially those who are just starting out, avenues for raising operating capital may be rather limited. If you are in such situation, you may have no choice but to apply for loan that requires you to offer a personal guarantee of its repayment. Over the years, many of my clients have come to me asking about the potential pitfalls of personally guaranteeing a loan, and while a personal guarantee business loan may be necessary, you should certainly understand what may be expected of you. Personal […]
Small Business Attorney Examines the Illinois Religious Freedom Restoration Act
Posted on April 1, 2015
The recent passage of the controversial Religious Freedom Restoration Act in Indiana has dominated headlines across the country, igniting fierce debate and harsh words from across the political spectrum. Many of my clients have been wondering if Illinois has passed or would consider passing similar legislation and how such a law would affect their rights as business owners. A large number are surprised to learn that Illinois, in fact, did pass a Religious Freedom Restoration Act (RFRA) in 1998, and while similar in some ways to the Indiana law, also […]
Flexible Service Levels Agreements: Fostering Trust and Commitment
Posted on December 16, 2014
Service level agreements, or SLAs, are contracts entered into by service providers and an end user—typically another business. Both large and small businesses utilize SLAs with service providers, though at least arguably it is the larger businesses who possess more bargaining power when contracting under SLAs. In addition, SLAs are out-based contracts that exist primarily to provide specifications about the levels/metrics of services that are expected to be received. However, SLAs do not define the actual service that will be provided or delivered. The typical metrics specified in SLAs include: […]
Resume Red Flags and Green Flags for Choosing the Right Employee
Posted on May 12, 2014
A well-crafted resume offers an employer a glimpse into the professional life of a potential new hire. A small business is only as good as the individuals it employs, and all small business owners must be careful to choose the right new employee. Our small business law attorneys at the the Gierach Law Firm have compiled this useful list of resume red flags and green flags in order to help you choose the perfect employee for the job. Resume Green Flags Resume green flags are those kernels of information contained […]
Understanding the Illinois Small Business Set Aside Program
Posted on April 21, 2014
Illinois’ Small Business Set-Aside Program (SBSP) exists to help small businesses in Illinois build their credibility and achieve higher revenues. Operated by the Chief Procurement Office, the program awards millions of dollars to small businesses in the supply and service industries each year. The state of Illinois has identified 120 procurement categories that have been set aside for small businesses registered with the SBSP. In addition to these, all awards by the state of less than $50,000 have been set aside for qualified small businesses. According to the State of […]
Transfer Restrictions for Closely Held Corporations
Posted on February 1, 2014
By Denice A. Gierach – May 13, 2010 Most people have investments that include stocks that are publically traded, with the New York Stock Exchange or the NASDAQ. It is expected that shareholders will from time to time trade their shares. There are such large numbers of stock issued by a particular corporation that usually no transfer even affects who controls the corporation. In a privately held company, usually the shareholders are the people who work the company and are corporate officers. Since the shares that can be issued are […]
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