If you have a business idea, you may wish to act on it right away so you can start generating profit. However, before you do, you must form a legal entity. Of the various types of business entities you can form, a limited liability company and sole proprietorship are...
Illinois business owners like you get to enjoy the boons of having a business. Unfortunately, you must also handle the downsides, like the possibility of contract disputes. You must also handle the logistics tied to a dispute. How do you get out of it? Can you...
Workers’ compensation laws vary from state to state, with many jurisdictions only requiring employers to carry coverage if they employ 50 or more workers. Whether you currently own and operate a business in Illinois or you plan to form one, you should understand your...
Business succession planning is crucial for every business owner. Whether you want to retire soon or want to make sure your company lives on after your death, you should plan now to secure your legacy. In owning your business, you have created something unique. With...
Regardless of a company's size, leaders need to keep their businesses in check. If they fail to do so, it could get them in serious trouble. At some point in a company's life cycle, it will likely face one or several lawsuits. According to a recent report, 90% of...
Divorcing your partner can lead to new responsibilities and obligations. One of these responsibilities is to update your estate plan. Any major life change requires you to alter your will or trust. By changing these entities, you are keeping them up to date. Here are...
Illinois residents put time and care into considering your estate executor. After all, they will handle matters of your estate when you cannot. They will contact your loved ones and work with your lawyer. It is crucial that your choice suits your estate. But how do...
Whether your farm has been in the family for generations or you started the enterprise a few years ago, your farm is a source of family pride. If you want your legacy to live on after your passing, you need to plan ahead. It is crucial that you have a solid plan for...
Estate planning can look daunting. But when life throws you a curveball, you want to be ready for whatever comes your way. Estate plans are crucial for controlling asset distribution. That's especially the case if you possess things like a family farm, a business,...
There are many reasons why you may choose to institute a non-compete agreement as part of your onboarding paperwork when hiring employees. Non-compete agreements are helpful when it comes to protecting sensitive information and preventing former employees from...
