5 Things to Consider Before Picking a Business Partner in Illinois

Rincker Law Business/Commercial Law Leave a Comment

Picking the right business partner for your next business venture can make or break your business. Before you decide to become business partners with someone it is important to carefully evaluate if you are a good fit to work with each other.   You may want to consult an Illinois business attorney who can help you with a partnership agreement.  …

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How Does a Member Leave an LLC?

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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 …

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Ask Kym: What are Force Majeure Clauses?

Rincker Law Business/Commercial Law Leave a Comment

You may have heard the term “force majeure” being discussed a lot with regard to parties fulfilling their contractual obligations in light of Coronavirus.  Businesses and individuals, alike, are wondering whether force majeure contract clauses will actually hold-up in the face of the Coronavirus pandemic. Many businesses rely on their force majeure clauses regarding “acts of God,” when they have …

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What Every You Need to Know about IRS Form 1099: Reporting and Requirements

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If your business made or received payments to independent contractors and entities (other than compensation to your employees) during the calendar year, it’s likely you must file an information return called a Form 1099 with the IRS. You may also need to send a copy of the form directly to the recipient of the payments. Being aware of and meeting …

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Are Your Trade Secrets Really Safe? 4 Steps To Safeguard Your Competitive Edge

Rincker Law Business/Commercial Law, Intellectual Property, Trademarks Leave a Comment

A trade secret is a piece of information which is confidential, can be legally protected, and gives your company a competitive edge.  Lots of the most famous examples involve recipes: the formula for Coca Cola, McDonald’s Big Mac “secret sauce”, or that Mrs. Field’s chocolate chip cookie recipe that caused such a legal stir in the 90s.  But you don’t …

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