Corporations are required to have a board of directors, which is selected by the shareholders. The board of directors helps govern the corporation, provides advice and counsel, conducts high-level management, elects officers, votes on key decisions, and protects shareholders’ interests. Corporate directors’ service on the board may be subject to term limits, however, a director may decide to resign from …
If you are starting a new business in Champaign, it will require hard work and dedication to make it successful. There are also important considerations to investigate that will help you protect your new business. The good news is that it is possible to protect yourself and your venture when you take a few essential factors into consideration. Perhaps the …
It is extremely important to have effective communication during a divorce and the way you communicate with your spouse will impact the outcome of the divorce. Learning how to communicate effectively via text messaging during your divorce in Champaign can save you time and money in the divorce and mediation process. It can also lead to better results when it …
There are many misconceptions and assumptions regarding the use and effectiveness of noncompete agreements. This is not too surprising considering that judicial enforcement of these agreements is very fact-intensive and situation-specific. There are no bright-line rules to help business owners determine whether a noncompete agreement will be enforceable, so it can be challenging to craft one that will provide maximum …
It has been a tough year for small businesses. Across the country, millions of small businesses have temporarily closed their doors due to the COVID-19 pandemic. Even now, as the pandemic eases and operations begin to pick back up, many small businesses report that they are struggling to fill open positions. But business owners are resilient and creative. Despite the …
Divorce mediation is a type of Alternative Dispute Resolution (ADR) which is the process for settling divorce disputes without litigation and with the assistance of a neutral third party. It involves working together in a cooperative manner that provides the best possible outcome for both parties. Are you wondering if divorce mediation is a good option for your divorce in …
As any innovator or creator knows, protecting your intellectual property is vitally important to your success. Doing so can help ensure that your creations and hard work are protected. The first step in protecting your intellectual property in Illinois is to be informed of the different types of ways you can protect your intellectual property. The next step is to …
Owning a business can impact every area of a person’s life. The impact is uniquely felt within a marriage. Married business owners must consider the ways in which their marriage may impact their business and vice versa. Failure to think about how these two significant institutions interact can have unforeseen consequences—everything from addressing time management to distribution of liability may …
The owners of a limited liability company (LLC) are called members. At some point, an LLC member may find that they want or need to withdraw from the LLC. That member, as well as the other owners of the LLC, may wonder how to accomplish this. To properly withdraw from an LLC, there are a few key questions that the …
The limited liability company (LLC) is one of the most commonly used business entity types. For many businesses, forming an LLC provides significant benefits, including flexible ownership arrangements and governance, as well as strategic tax planning. However, as a business develops, it sometimes becomes necessary to consider whether the way the entity is organized best facilitates the company’s future growth. …
It is never easy to end a marriage, especially when children are involved. It is possible to have a smooth divorce in Champaign if you plan for it in advance. Consider Hiring a Divorce Mediation Attorney With a divorce, there are so many difficult factors to sort through: child custody, division of assets, living arrangements and so much more. An …
Are you considering filing for a divorce in Champaign, Illinois? Here are 8 divorce tips that that may help you plan and file for your divorce. 1) In order to file for divorce, one spouse must live in Illinois for at least 90 days. 2) If both spouses cannot come to a settlement on their own; then a judge will …