Tag: business law

When an entrepreneur starts or purchases a business, he or she is usually full of ambition. The owner has a specific vision for the company, including what the business will achieve and how it will operate. However, over the years, many business owners get caught up in the everyday responsibilities of running the company. They start to forget why they got into business in the first place, and their lofty goals become a distant memory. Whether you are a long-time business owner or just starting out, it is important to […]

Business partnerships consisting of two or more individuals or entities are a great way to access a wider range of knowledge, increase profits, and expand market reach. However, there may come a time when the partnership ends. Whatever the reason for the termination of the partnership, dissolving a business partnership in Illinois can be challenging. However, with proper planning and execution, it can be done relatively quickly and efficiently. What to Do If You Want to End Your Business Partnership When a partnership is no longer serving the best interests […]

Our world is becoming increasingly digitalized, and the pandemic has only accelerated this trend. Businesses now have the opportunity to operate virtually, without the need for a physical address. Many entrepreneurs and business owners wonder whether a storefront is needed for a successful business. Can a business operate with a PO box or virtual address? Can a small business use a home address as a business address? Does lacking a physical address have any legal implications? These are important questions, and anyone interested in starting a business should take the […]

For business owners and leaders, the new year represents an opportunity to evaluate successes and failures in the past year and make plans to improve operations in the coming months. Year-end business reviews help a company celebrate wins and reflect on losses. By analyzing current performance, business owners can determine areas of strength, as well as potential improvements that need to be made. It can also help when setting goals for growth and profitability in the new year. Having a clear plan for the upcoming year is important to ensure […]

Negotiations are a huge component of any small or medium-sized business. If you are a business owner or business leader, you probably negotiate the terms of business relationships, sales agreements, employee contracts, and other matters on a near-daily basis. Knowing how to negotiate effectively can help your business in many different ways. Negotiation Strategies for Small and Mid-Sized Businesses  When it comes to business transactions, negotiations are often complex and multi-faceted. As a business leader, you need to be able to navigate these waters effectively in order to get the […]