Law Blog
July Business Bytes
This month’s Business Bytes highlights business owner disputes, copyright, and digital assets. 50/50 Owner Disputes. Forcing another 50% owner to sell the business or buy you out for any reason is extremely difficult and expensive, often resulting in irreparable...
Mental Health in the Workplace
The too frequent reports of workplace violence serve as a warning for employers to be concerned about workplace mental health. To protect their business and employees, owners should consider: Creating a supportive workplace culture that normalizes mental health...
Buying/Selling Intellectual Property
An increasingly valuable asset for many businesses is its intellectual property. Intellectual property can include trade secrets, patents, trademarks, copyrights, codes, formulas, and licenses for and to use all of the foregoing. Unlike tangible assets that you can...
June Business Bytes
This month’s Business Bytes highlight Chapter 11 bankruptcy, tips for contractors, and digital assets. Working with a Chapter 11 Debtor. Chapter 11 of the US Bankruptcy Code allows a business to pause its creditors’ actions to allow it to reorganize, stay in...
Commercial Real Estate Exchanges
Typical 1031 exchanges require the seller of commercial real estate to timely acquire another commercial real estate property in order to defer any tax liability on the sale, making this tax deferring device less attractive to owners wishing to eliminate the...
Special Needs Trust
A Special Needs Trust can be established for a person with disabilities from birth, afflicted thereafter, or resulting from an injury in order to provide for supplemental needs without forfeiting benefits provided by Social Security, Medicaid or other sources that may...
May Business Bytes
This month’s Business Bytes highlights foreclosures, succession for single owner businesses, and pets in your estate. Distressed Property. Foreclosure is rarely the best course for either the borrower or lender when confronted with distressed property. Borrowers...
CAN-SPAM Act
Just like the federal protection of consumers from robocalls, violations of the no call list, and unwanted faxes, the CAN-SPAM Act is designed to protect your email from unwanted or fraudulent communications and assesses penalties on those who abuse email. If you are...
Employee Pensions
Like programs in many other states, the Illinois Secure Choice Program mandates all employers to register with the Illinois Secure Choice Program that provides a retirement savings plan to employees without one. Employers must register and participate or claim an...
April Business Bytes
This month’s Business Bytes highlights warranties and representations, attorney client privilege, and 1031 exchange. Warranties and Representations. The devil’s details in most commercial transactions are often found in the warranties and representations...
