Law Blog
March Business Bytes
This month’s Business Bytes highlights selling a family business, fake reviews, and no poaching agreements. Selling Your Business That Employs Family. Selling a business that employs non-owning family members can be emotionally difficult, as buyers view seller...
Protecting Your Right to Arbitrate
Many businesses include an arbitration provision in their contracts to enhance speed, ensure efficiency, and provide consistency in resolving business disputes. While most courts generally favor arbitration if agreed by the parties, a recent court ruled that the...
The Benefits of Planning
Increasingly rapid changes in our economic life emphasizes the need to work with your lawyer and other professionals to create financial plans that protect your assets, maximize their potential value, and provide for efficient transfers. This is no longer merely...
February Business Bytes
This month’s Business Bytes highlights family offices, young family estate planning, and politics in the workplace. Family Office vs. Family Ownership. Large families with extensive assets, businesses, and varying levels of ownership may benefit from a family...
Home Co-Ownership
Recent home sales show that 15% of homes were purchased by non-married, non-related adults, and the trend is increasing. For unmarried co-owners, even inter-generational relatives, a written agreement is highly recommended that address the following questions: Purpose...
January Business Bytes
This month’s Business Bytes highlights ex-spouse business partners, commercial restrictive covenants, and broker’s commissions. Ex-Spouse Business Partner. If you and your spouse are joint owners or business partners, there may be tax and other reasons to...
Employee Non-Compete and Non-Solicitation Agreements
Illinois and many other states severely restrict the use and enforcement of non-competition and non-solicitation contracts and provisions relating to employees and former employees. The Federal Trade Commission also proposed rules to ban all existing and future...
Employment Law Checkup
Every year new federal, state, and local employment laws are enacted and existing ones updated. While the list from 2025 is substantial, and often local or industry specific, some of the major employment issues to be aware of include: Compensation Transparency. Wage...
December Business Bytes
This month’s Business Bytes highlights trade secret protections, “Made in the USA” requirements, and father’s parental rights. Trade Secret Protection and Enforcement. Many factors are creating an environment rife with trade secret theft,...
Tax Treatment for Your Limited Liability Company
Limited Liability Companies may be treated for tax purposes in a number of ways. To be taxed as an S Corporation under the IRS Code, a new LLC and all of its members must sign and file Form 2553 with the IRS within sixty (60) days of when it starts business, acquires...
