Determining whether to start a business is a major life decision. For small business owners, deciding when and how to sell the business is arguably even more consequential. Before selling a business, the owner is likely to spend many hours and even days worrying and considering the options: Is the market right? What price should I set for my business, …
If you are considering purchasing shares in a company, do you understand the potential risks as well as the perks? What are the rights and privileges of a shareholder? And how do you protect these rights once you have them? Before becoming a shareholder, review the shareholders’ agreement carefully with the help of a lawyer. The shareholders’ agreement typically provides …
Just a year ago, businesses across the United States shuttered temporarily in response to the novel coronavirus. Some of these businesses could not weather the virus storm and closed for good. Now that COVID-19 vaccines are available, many businesses are wrestling with deciding when to resume in-person operations and bring their staff back full-time. At the time of writing, 1.5 …
You have probably heard the term promissory note, but do you understand what a promissory note is and when one can and should be used? A promissory note is simply a written promise to repay someone who has loaned you money. More specifically, it sets forth the terms for repayment of a loan on or by a specified date. A …
Explains How Mediation Can Assist with Parenting time even in the best of circumstances, divorces can be problematic and contentious. When children are involved, they can get downright nasty. However, there is good news: Mediation can be a huge time saver when it comes to preserving child custody agreements and coming to a fair agreement about parenting time. What is …
Where do you find a good plumber? Who can recommend a good Italian restaurant? Who is the best divorce attorney in town? Sometimes these answers are found by asking family, friends, and neighbors, but many people find answers to these questions on social media and review sites such as Google, Yelp, Amazon, Facebook, and TripAdvisor. Customer reviews and testimonials are …
Before launching a business, entrepreneurs spend a substantial amount of time and money researching and developing their products or services. You may have worked with graphic designers and a marketing team to create a brand name and logo for your products or services. As the business grows and your products or services take off in the marketplace, competitors or counterfeiters …
Companies grow by investing time and money in various resources, including their employees. Yet business owners are often anxious about losing their investment, i.e., the time they spend training new hires and the confidential information they share with their new employees. Once confidential information is shared, there is a risk that an employee will leak the company’s trade secrets to …
Do you have dreams of starting a business? If so, then you may not realize how important it is that you choose the right business structure. With the advice of a Champaign business law attorney, you can ensure that you choose the structure that gives you just the right balance of control and protection. For instance, if you prefer to …
Being a parent comes with lots of responsibilities. It is always a win to find ways to make the parenting and co-parenting process easier. Parents and co-parents have to wear so many hats; that have substantially increased due to the pandemic. Check out 5 apps that you can use for effective parenting and co-parenting in Illinois. Effectively manage day-to-day activities, …
