Tag: small business
Managing the Unique Challenges of the Rapidly-Changing Manufacturing Industry
Posted on May 4, 2021
When the average person thinks about the manufacturing industry, they might picture large corporations producing massive quantities of products. However, small and medium-sized businesses make up a substantial portion of the modern manufacturing industry. In fact, it is estimated that over 98 percent of manufacturing companies in the U.S. are small businesses, and more than 75 percent of these companies employ fewer than 20 workers. If you are a small business owner or business leader in the manufacturing sector, it is important to keep up with the rapidly changing landscape […]
Delegating Responsibilities is Key to Success for Small and Medium-Sized Businesses
Posted on April 27, 2021
As a business leader, it can often seem like your “to-do” list never ends. The moment you complete one task, three more responsibilities present themselves. Between dealing with staffing and management concerns, financial planning, customer service, and daily operations, you may often feel like you are drowning in a sea of responsibilities. The constant influx of responsibilities can make it difficult or nearly impossible to focus on ideas that can improve your business in the long term. This is why one of the most important things you can do to […]
Avoiding Common Lawsuits That Affect Small Businesses
Posted on January 12, 2021
Research shows that legal battles cumulatively cost U.S. small businesses over $100 billion every year. Having a lawsuit brought against your small business can result in crippling legal costs and serious damage to your business’s good reputation. One of the best way to avoid being the subject of a lawsuit is to take steps to ensure that your business always remains compliant with current state and federal law. As a qualified business lawyer, I can help you minimize the risk of employment disputes as much as possible. Lawsuits Faced by Small […]
Important Considerations for Scaling Your Small Business
Posted on January 5, 2021
Being a small business owner is hard work. In my 30-plus years as a business law attorney, business owner, and Certified Public Accountant (CPA), I have learned many lessons. One of these is that an entrepreneur must always be thinking of new and creative ways to find success. If you are a small business owner like me, you are probably constantly thinking of ways to grow your business. You are likely searching for more opportunities and ways to expand your customer base and increase your profits. Of course, there is […]
Protecting Your Small Business From Common Lawsuits
Posted on November 24, 2020
When you own and operate a small business, it can be the realization of a lifelong dream. Many business owners are drawn to the freedom and financial opportunities offered by owning and running a successful company. As a business law attorney and a small business owner, I also realize the risks that come with business ownership. For example, small business owners are always operating under the fear of facing a lawsuit. A small business can be sued for a plethora of reasons. Even if the cause of action has little […]
Naperville Business Lawyer on Some of the Legal Issues Small Businesses Face Everyday
Posted on January 7, 2019
For many small business owners, the threat of business litigation is always in the back of their mind. Studies show that as many as half of all small businesses become involved in business litigation at least once in any given year. Legal disputes which seem like only minor headaches can quickly snowball into extensive proceedings which damage your business’ bottom line. The following are the most common legal issues that small businesses in America often face. Unenforceable Agreements and Breach of Contract Disputes When any party included in a business […]
How the Law of Agency Affects Small Businesses
Posted on June 27, 2013
After setting up a business, a business owner must ensure that it operates efficiently and that it is protected from potential liability. Yes, every business, big and small, faces some level of potential liability. This is particularly tricky for small businesses that have limited resources. It is crucial for a small business owner to have adequate checks to minimize potential risks. “How these risks can come from a variety of sources. Take the conduct of an agent, for example. Under Illinois law, a business may be held liable for the […]
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