How to Keep Your LLC in Good Standing

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Starting a limited liability company (LLC) takes a lot of work. Before you serve your first customer or fulfill your first order, it is important to complete the initial business formation process. Although starting a business is a significant achievement, small business owners cannot coast on past accomplishments. You must look to the future and the next steps. This includes …

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A Partnership Without a Partnership Agreement: The Default Rules

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Forming a partnership in Illinois is exceedingly simple; that is the main draw of this kind of business organization.  There are typically no formalities required; rather, a partnership is presumed whenever two or more parties come together in business with an implied or express agreement to share the profits that the business generates.  Unlike other business formations, such as LLCs …

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Name, Image, and Likeness: How to Protect Your Right to You

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Creating a personal brand can be a way to establish an authentic image and stand out from the crowd. For most people, personal branding is a communications strategy rather than a career path. A carefully cultivated personal brand lets people know at a glance who we are, what we stand for, and the value we provide. But for anyone with …

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Perfecting Your Partnership Agreement

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The simplicity of partnerships is alluring.  They are easy to form, and often easy to operate.  It can be tempting to hit the ground running with a partnership without first setting a partnership agreement out in writing.  In this blog, I explore why a written partnership agreement is nevertheless important, and I review a few relevant terms to include in …

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Friend or Foe? How to Protect Your Business During Collaborative Projects

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Standing out in today’s crowded digital marketplace requires business owners to think creatively about brands. Customer attention is a limited commodity that all brands compete for. But there may be opportunities to partner with other brands to gain consumer attention and loyalty. Brand collaboration, or co-branding, is a strategic advertising and marketing partnership between two brands that each bring success …

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How Your Lawyer Can Support Business Wellness in 2023

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January is when we turn the calendar ahead to a new year that is full of hope and fresh opportunities. Recognized as Financial Wellness Month, January is an ideal time to set business goals for the upcoming calendar year. Achieving business wellness in 2023 can go a long way toward improving your overall physical health. Financial health and personal health …

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Ask Cari: How do you Maintain a LLC?

Cari Rincker Business/Commercial Law, Podcasts Leave a Comment

And here it is- part 3 of a 3 part series on the ABC’s of Limited Liability Companies with the Central Illinois Business Leaders Podcast. Listen to the podcast episode here.

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How to Prepare Your Business for the New Year

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The beginning of the year is a time to reflect and refocus on what you want to achieve over the next twelve months. Optimally, entrepreneurs spent part of December on small business housekeeping tasks that helped them finish the year strong, and at the beginning of January, they prioritize setting themselves up to look ahead confidently. Reviewing key performance indicators …

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Ask Cari: How do you apply for a LLC?

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Loved joining Derek Hayden and Garrett Ulmer discuss all things limited liability companies – a topic near and dear to my entrepreneurial heart.  You can listen to the episode on the Central Illinois Business Leaders Podcast here.

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Ask Cari: What is an LLC?

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Here me on this episode of the Central Illinois Business Leaders podcast talking about what is a limited liability company.  This is a very common question that I get asked – always love a good convo with Derek Hayden and Garrett Ulmer.

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Balance Sheets: What Are They and Why Are They Important?

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A balance sheet is a financial statement that provides a snapshot of a company’s financials at a specific time. Also known as a statement of financial position, a balance sheet shows what the company owns that can be converted to cash (assets), its debts and financial obligations (liabilities), and its net worth (owner’s equity or shareholder’s equity). By knowing the …

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Is My Electronic Signature Valid?

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Some of us remember when, to sign a document, it was necessary to print out the form, physically sign it, scan the signed document, and then send it as an email attachment. Electronic signatures have made this process all but obsolete. Nowadays, for most transactions that require us to sign our name, we can apply a digital signature that satisfies …

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