Naperville Law News
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...
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...
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...
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...
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...
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...
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,...
November Business Bytes
This month’s Business Bytes highlights divorce proof businesses, real estate broker charges, and employee handbook disclaimers. Divorce Proof Business. Your or your partner’s divorce can wreak havoc on your business and not only from the necessary diversion of...
October Business Bytes
This month’s Business Bytes highlights corporate valuations, Special Needs Trusts, and sending notice to your insurance carrier. Corporate Valuations. If your business owners have a buy/sell agreement in the event a party wishes to leave that requires annual or...
September Business Bytes
This month’s Business Bytes highlights trade secret litigation, Wage Payment and Collection Act, and controlling shareholders. Trade Secret Litigation. The rise in the value of business’ trade secrets, confidential, and proprietary information that is not...
