Howard & Hardyman LLP

August 2018 Archives

What to consider when creating the name of your business

There are many important decisions that go into creating an Illinois business, from the structure of the company to the responsibilities of the people who run it. However, keep in mind that you should put just as much consideration into what you would actually call the business. In fact, the wrong name for your business might cause you some legal problems down the line. 

Buyout agreements control who you sell your business to

As an owner of an Illinois small business, one of your top concerns should be the survival of your company if a partner in your company decides to leave, or if the partner dies, or any number of events occur that make it impossible for the partner to retain ownership in the company. If there is no exit strategy in place, the value of your company could be disrupted or you may end up losing the company completely. This is where buyout agreements come in.

Defining the role of an executor

Illinois residents who are preparing their final will and testament should become acquainted with the role of an executor. An executor will be the person in charge of carrying out the will once the testor passes away. The duties of an executor are many and varied, and whoever is picked for the job should be trustworthy and able to carry out the duties of the position.

  • Illinois State Bar Association
  • WCBA | Winnebago County | Bar Association | Established 1996
  • United States Court Of Appeals | Seventh Circuit
  • State Bar of Wisconsin
  • United States District Court For The Northern District Of Illusions
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