Howard & Hardyman LLP

January 2019 Archives

Life insurance and probate: what you need to know

Adults in the Rockford area explore many avenues to pass on assets after they die. One of those ways is to take out a life insurance policy that will pay out upon the death of the policy holder. However, who you name as a beneficiary can present issues that you may not expect for your survivors and your estate. You may even end up allowing your insurance policy to go through probate.

The pros and cons of starting a new business

For various reasons, some Illinois entrepreneurs will find it more attractive to buy an existing business than to build a new operation from the ground up. However, there are solid rationales to put your time and resources into forming a new business. If you understand the challenges involved in starting a new business as well as the benefits, you can make an informed decision.

Should I buy an existing business?

Many entrepreneurs face a basic question. Should they build a whole new business from the ground up, or is buying an existing company the better option? There are several important benefits to purchasing an Illinois company instead of building a new one. However, buying a company is not free of pitfalls. The key to making the best decision is to know both the upside and downside to a company purchase.

  • 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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