Law Blog
Ex-Spouse’s Rights After Divorce
A recent Illinois Appeals Court ruled that a divorce did not terminate an ex-spouse’s claim as a beneficiary of her former spouse’s retirement account on the ex’s death. While a divorce renders an ex-spouse to be considered “deceased” on most documents, the court...
Succession Planning
Every business and investment in a business eventually comes to an end, whether by sale, death, or dissolution. With this in mind, business succession planning needs to include estate, retirement, and tax planning. Making plans early, that can usually be adjusted, can...
June Business Bytes
This month’s Business Bytes highlights funding your buy/sell agreement, copyright, and insurance broker’s liability. Funding Your Buy/Sell Agreement. After the owners of your business agree to the terms of a buy/sell agreement, you may want to consider...
Think Before You Download
Don’t think that just because a picture, diagram, or other artwork is on the internet and easy to download that it is free to use because it’s in the “public domain.” If the image is copyrighted and you use it “commercially,” you could be subject to substantial...
Protecting Your Business from a Co-Owner’s Divorce
Most states employ the concept of marital vs non-marital property or community property to determine a spouse’s entitlement to the other’s business in a divorce. You or your co-owners, partners, investors, and other stakeholders should consider some protection to...
May Business Bytes
This month’s Business Bytes highlights severance agreements, cyber insurance, and patents. Severance Agreements. Although it is common for employee severance agreements to condition its benefits on the terminated employee’s promises of non-disclosure,...
Employment Checkup
Federal, state, and local employment laws and regulations change often, and employers need to keep abreast of the changes to avoid liability. To protect your business, perform periodic reviews with your hiring and human resources personnel of the key employment...
Avoiding Customer Non-Payment
If your customers receive your products or services before you are paid in full, you are issuing credit. While this can be a boost for sales, it can be a bust for profits if there are collection expenses and losses. Some of the steps you can take to address issuing...
April Business Bytes
This month’s Business Bytes highlights online protection, insurance coverage litigation, and non-compete agreements. Online Protection. As your business’s online presence on various social media platforms increases, so do the various risks and liabilities that...
Aging and Reduced Capacity
As we age, we may no longer maintain an adequate capacity to care for our own or our loved ones’ health or finances. Preparing for that possibility can ease your concerns and the burden it may place on your loved ones. While comprehensive estate and retirement...
