Tag: Naperville business law attorney
Worker Misclassification: How a Seemingly Simple Mistake Can Cost Your Business Dearly
Posted on December 9, 2024
One of the critical tasks you will face as a business owner is ensuring that you properly classify your workers as either employees or independent contractors. There is a significant legal difference between your responsibilities if you employ an independent contractor versus an employee. Additionally, misclassifying a worker can result in legal issues. Even a seemingly minor mistake can result in massive fines and penalties for worker misclassification. If you own or manage a small or medium-sized business, an experienced attorney can ensure that you understand and comply with essential […]
What Are Recent Developments In Illinois Non-Compete Law?
Posted on October 29, 2024
In recent years, the law on noncompete agreements has shifted considerably nationwide, and Illinois is no exception. This is primarily the effect of a recent rule issued by the Federal Trade Commission (FTC), the federal agency that enforces antitrust law and promotes consumer protection. This rule was struck down by a federal court before it took effect. However, Illinois legislation enacted in the last few years already limits the ability of employers to put in place and enforce non-compete clauses in their employment agreements. An experienced Illinois employment law attorney […]
What are the Benefits of Structuring Your Business As An LLC?
Posted on October 11, 2024
One of the most important early decisions an entrepreneur will make is to decide on the corporate structure of his or her business. The choice of corporate structure will influence many factors tied to a company’s success, operation, and growth. An Illinois business law attorney can advise you on the popular Limited Liability Company (LLC) corporate structure. Here are some of the basics about LLCs and why so many people choose them. Liability Protection As the name suggests, limited liability companies offer owners protection from personal liability if the company […]
What Should Business Owners Know About Partnership Disputes?
Posted on October 4, 2024
Business partnerships are some of the oldest and most popular legal structures for Illinois businesses. Partnership disputes may inevitably come up in the course of doing business as partners disagree on goals or financial obligations, for instance, or when one partner breaches a fiduciary duty to the partnership. Unless business partners have entered into a partnership agreement, the Illinois Revised Uniform Partnership Act (RUPA) provides default rules governing the creation and running of a partnership and comes into play when partnership disputes occur. An experienced business attorney can advise business […]
What Makes a Good Business Location? | IL
Posted on September 30, 2024
Starting a new business can be incredibly exciting and downright scary at the same time. In 2021, the state of Illinois had a 78.1 percent “survival rate” for new businesses. As of 2023, Illinois had the eighth-highest five-year business survival rate when compared to other states. While Illinois may have better overall survival rates for new businesses than many other states, it remains true that across the United States, almost 90 percent of startup businesses will fail, with 3,200 startups going under in 2023. Businesses fail for many reasons, but […]
Are You Prepared for the Coming Changes in IL Employment Law?
Posted on September 20, 2024
Business law is a complex area of the law and successful business owners must have a good grasp of these laws. As a business owner in Illinois, you should be aware that there have been some notable changes in employment law, which will require a review of employee handbooks and business policies. Many of the new laws will take effect on January 1, 2025, although some will have different effective dates. Business laws change fairly frequently, and business owners can benefit from having an experienced Naperville, IL business law attorney […]
Do I Need a Trademark for My New Illinois Business?
Posted on September 13, 2024
Trademarks fall under intellectual property, along with patents and copyrights. Intellectual property is a vague, often complex legal area for business owners. Do you need a trademark? What do you have to do to get a trademark? Is it expensive? Do you need a business law attorney? These business owner questions – along with others – may be swirling around in your head. A trademark generally applies to branding, symbols, business names, sounds, colors, and logos. Copyrights apply to creative works, and patents to innovations and inventions. While they are […]
What Do I Need to Know About Franchising in Illinois?
Posted on September 6, 2024
Perhaps you have considered a franchise in Illinois. If you are unsure how to start and run a franchise or the legal nuances associated with it, solid legal information regarding buying or selling a business is essential. Franchising refers to a contractual relationship between the franchisor and the franchisee. The franchisor owns the brand and the business model, and the franchisee is the person who will operate a business with guidance from the franchisor and the right to use the business trademark. A franchise often gives entrepreneurs a much better […]
Which Business Structure is Right for Me? | IL
Posted on August 31, 2024
Becoming a new business owner can be exhilarating, exhausting, and full of stress and anxiety, all at the same time. Many new business owners fail to put in the necessary amount of thought and research into these early business decisions, only to be forced to make changes down the line. Business formation is a crucial aspect that can determine the success or failure of your business. Excitement about a new business is natural, but to ensure success, the decisions you make now must be just as valid years from now. […]
What Are the Legal Rights of Employees for Social Media?
Posted on August 26, 2024
Most Americans are active on at least one social media platform. We are a connected society, particularly since smartphones have placed these platforms front and center. Since engagement with social media is generally seen as leisure rather than work, the debate about whether social media is appropriate workplace behavior marches on. Equally important are the business law issues pertaining to whether employees should be allowed to use social media in the workplace. Whether or not to allow social media use in the workplace is not a simple issue. The productivity, […]
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