According to data from the U.S. Census Bureau, the number of people who are choosing to cohabitate rose by 25 percent between 2000 and 2010. Those in Illinois and across the country who don’t want to get married should know that the law is not necessarily on their side when it comes to taxes, property division and health care decisions. As a Cook County estate planning lawyer may have seen, it is possible for people in these situations to mistakenly disinherit each other. What’s more, not … [Read more...]
What kind of voting rights can I assign to shares in my business?
Posted on March 20, 2015 //
When investors hold shares of a privately held corporation, they are granted certain rights as partial owners of the company. While state corporation laws must be adhered to, private corporations’ articles of incorporation and bylaws can grant and govern many of these shareholder rights, including voting rights. A transportation attorney in Lake County understands that voting rights are shareholders’ greatest tool for creating change within a corporation. What are stock voting … [Read more...]
What are the potential liabilities if you rent out your half of a duplex?
Posted on March 18, 2015 //
For many property owners in Illinois, owning a duplex and renting out the other half of it is a beneficial arrangement. However, before embarking on the renting process with the assistance of a real estate lawyer in McHenry, those interested in becoming landlords should familiarize themselves with some of the potential liabilities they face. Property damage Not all tenants are as careful about maintaining their living space as others. In some situations, duplex owners may find that their … [Read more...]
Is there a benefit to outsourcing for small businesses?
Posted on March 14, 2015 //
Outsourcing is a business practice that has been around for decades. In order to save the costs associated with hiring skilled workers in certain areas, companies can send that work to other businesses that specialize in those areas. This, ideally, allows the work to get done by competent professionals while keeping more money within the business. Some small business owners may believe that outsourcing is out of their reach, or that it will end up costing them in the long run. However, a … [Read more...]
What 3 things should you consider when closing a business?
Posted on March 12, 2015 //
Making the decision to close a business can be a difficult step to take. Whatever the reason behind the choice, business owners should take the time and effort to ensure that they close their businesses properly. When companies close, it is essential for business owners to create a plan that gives them and those closest to the company the greatest amount of protection possible. An Illinois business attorney understands that when businesses simply close their doors and ignore the rest, it can … [Read more...]
