September, 2014 Archives

Archives for September 2014

How much money should property buyers set aside for a down payment?

When buyers in Illinois purchase a new home, they are typically required to provide their lender with a down payment. This, in addition to the purchaser’s credit score, annual income, total debt and credit history influence how much funding they qualify for. … [Read more...]

Transportation of goods expected to increase by 23.5 percent

America’s reliance on moving goods is one thing that is not likely to go away anytime soon. Chicago companies and consumers alike rely on the freight industry to ship products to customers all over the globe, stock grocery store shelves and more. … [Read more...]

Children and inheritance: Avoiding unnecessary battles

When their parents died, four children inherited the couple’s home. However, More magazine reports that outside of the property itself, there were few details given about how the siblings would divide the remaining assets and items. … [Read more...]

What is a testamentary trust?

Many people want to ensure that after their death, children or survivors will not suffer financially. However, according to a LexisNexis report, more than half of American adults do not have a will in place, which can lead to a lengthy and complicated probate process. … [Read more...]

The family business and your estate plan

In 1998, a Philadelphia couple took a trip to Long Island and decided to buy a winery. According to The Wall Street Journal, they dove head-first into wine-making and were largely successful. … [Read more...]

U.S. Department of Transportation launches commercial driving waiver for military veterans

Obtaining a commercial driver’s license in Illinois requires the participation in special training and testing in order to ensure safety on the roads. The ground transportation industry is expected to grow by as much as 17% in the next six years highlighting the need for additional commercial drivers to keep the nation’s products—and economy—moving. … [Read more...]

The advantages and disadvantages of using trade secrets

Most Chicago businesses have some sort of special ideas or plans that they believe to be unique to them and integral to their success. Whether a marketing plan or a completely new product concept, these trade secrets are generally considered highly confidential by business owners and entrepreneurs. … [Read more...]

Finding the right location for your business

When starting an all-new company or looking to relocate an existing company in Chicago, finding the right location can directly impact the ultimate success—or not—of the business. … [Read more...]

Buying a commercial property for your business can be a good investment

Although purchasing commercial real estate has its risks, entrepreneurs and business owners in various industries in Illinois can benefit from buying commercial space. However, buying commercial property is not the right fit for every situation and is a decision that should be approached carefully by business owners. … [Read more...]

Common mistakes trucking companies make in hiring drivers

Small and large trucking companies alike can struggle with the best ways to solicit and find good commercial drivers. The risks involved with hiring the wrong drivers are extremely great yet all too many employers proceed hastily only to find themselves in bad situations later on. … [Read more...]

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