Tag: Naperville business law attorney
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, […]
How Can You Recruit and Retain Gen Z Workers?
Posted on August 17, 2024
A recent social media post showed a twenty-something young woman talking about how her employer should recognize her “disability” of “time blindness.” She went on to say that her lifestyle and internal time clock did not mesh with being at work at 7:00 a.m. Watching this at work in a mixed group of all ages, the reactions were notably different between those groups. At least a few of the baby boomers in the group rolled their eyes. Those in the Gen X age group mostly shrugged their shoulders. While a […]
What Are the New Restrictions on Child Labor in Illinois?
Posted on August 10, 2024
For the first time in 75 years, Illinois has fully addressed its child labor laws. Public Act 103-0721, signed by Governor JB Pritzker, is a total revamping of the child labor laws across the state. “Piecemeal” changes through the years did nothing but create conflicting provisions; this new bill essentially gutted child labor laws in the state, replacing many and making them all easier to understand. Business laws can be complex, and as a business owner, you need to ensure your business stays up to date. If you are an […]
What Are the Most Common Employer-Employee Disputes?
Posted on July 30, 2024
There are a variety of situations where business owners may become involved in disputes with other parties, and in some cases, these issues may need to be resolved through litigation. Employers often encounter disagreements with their employees, and several different types of workplace issues may need to be addressed. If they are not handled correctly, these disputes can affect a company’s ability to continue doing business effectively. An experienced attorney can help employers navigate these legal challenges and determine the best ways to resolve disputes with employees. Common Types of […]
What Should Entrepreneurs Watch Out for When Buying Businesses?
Posted on July 19, 2024
Purchasing an existing business can be a lucrative opportunity for an entrepreneur, but it also comes with inherent risks. A person may benefit from taking over a business that has already established itself in the marketplace, and they may be able to implement new policies and procedures to ensure that the business will become or remain profitable. However, it is important to be aware of potential issues affecting a business that could lead to problems in the future. An experienced attorney can help an entrepreneur navigate these challenges, protect their […]
What Do Business Owners Need to Know About Tax Planning?
Posted on July 10, 2024
Tax planning is a critical component of running a successful business. Business owners need to understand the various types of taxes they need to pay, as well as the strategies that may be used to minimize these taxes. With proper planning, a business owner can navigate local, state, and federal tax obligations, remain compliant with evolving tax laws, and maintain ongoing financial success. An experienced Illinois business law attorney can help develop a comprehensive tax strategy tailored to the unique needs of a business. Types of Taxes Business Owners Need […]
How Can Smart Growth Policies Benefit Real Estate Developers?
Posted on July 3, 2024
Smart growth policies have become a focal point in urban planning, promoting sustainable and efficient development. For real estate developers in Naperville, understanding and leveraging these policies can offer significant advantages. An experienced attorney can provide guidance for developers as they navigate these policies, ensuring that they understand legal concerns related to local laws, state policies, and other issues that may affect development projects. What Are Smart Growth Policies? Smart growth policies are a set of urban planning principles that are meant to promote sustainable and environmentally friendly development. These […]
How Can Business Owners Negotiate Favorable Loan Agreements?
Posted on June 26, 2024
Obtaining loans can be pivotal for business owners in a variety of situations. However, negotiating favorable loan agreements is crucial in these situations to ensure that the terms of a loan will benefit a business in the long run. An experienced attorney can help business owners in DuPage County and the surrounding areas navigate the complexities of loan agreements, protecting their rights and interests throughout the process. Why Do Businesses Need Loans? Businesses may seek loans for a variety of reasons, including: Key Terms in Loan Agreements It is crucial […]
What Is the Difference Between S-Corporations and C-Corporations?
Posted on June 20, 2024
When starting a business, one of the critical decisions owners or partners will need to make is choosing the appropriate business structure. S-corporations (S-corps) and C-corporations (C-corps) are two common options, and they can each provide certain advantages and disadvantages. An experienced attorney can provide guidance on how to select the structure that is best suited to a business’s needs. S-corps and C-corps both offer limited liability protection, meaning that owners (shareholders) generally cannot be held personally liable for business debts and liabilities. However, these two options differ significantly in […]
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