by Brooks, Tarulis & Tibble | Oct 12, 2021 | Business, Business Briefs, Business Law, Contracts
Whether it’s a corporation, company, limited liability entity, limited partnership, partnership or business trust, business owners are encouraged to form and use some type of business entity to limit their personal liability exposure, creating a firewall to prevent...
by Brooks, Tarulis & Tibble | Sep 28, 2021 | Business Briefs, Business Law, Employees, Employment Issues
The Illinois Wage Payment Act was recently amended, imposing more drastic remedies against employers that do not timely pay employee wages and benefits both during and after employment. Employers who withhold any compensation, vacation/comp time or other benefits from...
by Brooks, Tarulis & Tibble | Sep 14, 2021 | Business, Business Briefs, Business Law, Civil Litigation, Litigation
The 2016 Federal Defend Trade Secrets Act put federal trade secret protection on par with that for other intellectual property, like copyrights and patents, but without requiring registration or disclosure. The number of state and federal lawsuits using the Act...
by Brooks, Tarulis & Tibble | Aug 10, 2021 | Business, Business Briefs, Business Law, Civil Litigation, Contracts, The Courts
Many businesses and contracts provide for mandatory arbitration of disputes in lieu of or prior to filing a lawsuit. While arbitration sometimes provides a quicker and less expensive way to resolve a dispute, parties need to be aware of the differences and some of the...
by Brooks, Tarulis & Tibble | Jun 29, 2021 | Business, Business Briefs, Business Law, Employees, Employment Issues
As business returns from a closed or remote environment the big question employers have is can you ask your employees if they are vaccinated for COVID-19? While the short answer is yes, as always there is more to it, including: Did your business opt to require...
by Brooks, Tarulis & Tibble | Jun 15, 2021 | Business, Business Briefs, Business Law
Even after a resolution of the Covid-19 pandemic, your business will probably not return to its pre-Covid-19 normal, especially since your business may have accommodated or adjusted to a remote work force. This decentralization means you may have to devote more time...
by Brooks, Tarulis & Tibble | Apr 14, 2021 | Bankruptcy, Business, Business Briefs, Business Law, Litigation
In these financially troubled times many owners are confronted with the dire choice of saving their businesses or their personal assets. Saving a business can include a reorganization. Your business can reorganize with a bankruptcy (Chapter 11) or a creditor workout....
by Brooks, Tarulis & Tibble | Mar 10, 2021 | Business, Business Briefs, Business Law, Contracts, Insurance
While operating your business as a corporation or other authorized business entity provides owners, officers, directors, and employees with limited liability protection, once the business is suffering from financial distress or becomes insolvent, that protection is in...
by Douglas Tibble | Feb 20, 2021 | Business, Business Briefs, Business Law, Employees, Employment Issues
The start of the new year it is a great time to check your employment practices, policies and procedures, and some to look at include: Reassess your operating during COVID plan to see if it is up to date. Consider whether to require employee COVID-19 vaccination. Make...
by Brooks, Tarulis & Tibble | Feb 9, 2021 | Business, Business Briefs, Business Law, Taxes
When confronted with overwhelming financial difficulties, owners often consider whether it is better to reorganize or liquidate their business. In making that decision, owners have many factors to consider, including: Nature of the Economy. Is there a place for your...
by Brooks, Tarulis & Tibble | Dec 15, 2020 | Business Briefs, Business Law, Employees, Employment Issues
The value of many businesses is often dependent on its employees. Retaining good employees, particularly key employees, is important to a business, as is avoiding the substantial time and cost commitment required to recruit and hire replacement employees. Some of the...
by Brooks, Tarulis & Tibble | Dec 5, 2020 | Business, Business Briefs, Business Law, Employees, Employment Issues, Internet
The COVID-19 pandemic and the sudden increase of the number of employees working at home puts even more pressure on your business to protect its proprietary, confidential and trade secret information. Some concerns you should address to protect confidential...
