Business Transactions

2017’s Legal Issues Restaurants Should Note

The new administration in Washington and new legislatures across the country may soon unleash a blizzard of legislation and rules impacting the restaurant industry. Many of these changes would come in the wake of actions taken in 2016, some of which are just starting to take effect. To that end, the following are some of the things business transaction lawyers want employers to know as the year gets rolling: (Article continues below Infographic) Marijuana Medical marijuana is legal in … [Read more...]

Commercial Real Estate Risks Eyed By Federal Reserve

Chicago developers and businesses that are involved in the commercial real estate industry should be aware that the Federal Reserve is concerned that apartment towers may be the next asset-price bubble and is considering raising interest rates as a means to avoiding a burst in the sector. The Fed is reportedly concerned that continued low-interest rates might lead to investors reaching for high yields while prices remain high. A commercial real estate and business transaction lawyer believes … [Read more...]

Hard Money Loans: The Last Resort For Business Financing

Businesses and developers sometimes run into problems with finding much-needed capital, but hard money loans should be the last option that they consider. There are several reasons that hard money loans should be the financing source of last resort. These loans should not be used for anything other than short-term needs, and developers and business owners should pay them off as quickly as possible. A business transaction lawyer might assist clients with identifying better funding sources other … [Read more...]

Your Rights as a Commercial Tenant In Illinois

When entering into a commercial lease in Illinois, understanding the terms of the lease agreement is essential to protect tenant rights. As a business transaction lawyer knows, a commercial landlord must uphold the contractual duties outlined in the lease, but landlord liabilities are not always clearly outlined. … [Read more...]

Environmental Regulations Impact Small Businesses

Illinois small business owners are required to comply with certain environmental regulations and failure to do so can lead to fines and legal action. Unfortunately, not all small business owners are aware of or understand the regulations that they are responsible for complying with. Small Businesses and Environmental Regulations It’s not only businesses that provide automotive, agricultural chemical services that should be aware of federal and state environmental regulations. Small businesses … [Read more...]

Is Chicago a Profitable Place to Start a Small Business?

Small businesses in Chicago face operational challenges that include high taxes, a slow economy, and budgetary problems in the state capital. According to an Illinois business law attorney, Chicago can be a profitable place to start a small business if entrepreneurs are willing to navigate the challenges. High Taxes One of the biggest hurdles facing small businesses in Illinois is high taxes. According to a recent article, The State of Small Business: Illinois, entrepreneurs regard high … [Read more...]

Capital Markets Improvement Act (HR 1675) Aims to Help Small Business

Small businesses are important to building a healthy economy. They provide access to goods and services that consumers want, which helps to stimulate the economy. But most importantly, they help fuel job growth. Times have changed, and being a small business owner has become increasingly difficult. … [Read more...]

Commercial Renters Fight For Greater Protection

In a commercial lease there is a lot more at stake than just rent money; the success or failure of the business can hinge on the lease. Renters who do not take the time to consider carefully the terms of their agreement may face hefty maintenance costs, discover themselves responsible for unexpected taxes, or even find their business without a home. Illinois protects commercial lessees in three areas of particular importance. … [Read more...]

Should Your Company Implement a BYOD Policy?

Companies that establish a Bring Your Own Device (BYOD) program allow employees to bring their own digital devices to perform job-related tasks. The federal government joined the trend and issued a BYOD tool-kit to aid voluntary implementation in certain government agencies. BYOD can be a smart move for all concerned. Still, the reality of employees using their personal digital devices for work-related tasks is a new idea for most businesses. … [Read more...]

Creating Effective Non-Compete Clauses

One of the easiest ways for a competitor to gain a competitive advantage is for them to acquire a company's most valuable asset; the employees. They have the skills, experience, and knowledge competitors are eager to acquire. Effectively drafted non-compete clauses can reduce the risk that employees will end up on the competition's payroll. Non-compete agreements should be independent of other clauses and covenants. Ideally, it should be a standalone agreement. This limits the ability of a … [Read more...]

Get Help Today!

Simply fill out the our online form, and one of our attorneys or staff members will contact you to schedule your appointment.

We value your privacy. Your information will not be shared without your permission.

captcha

The use of the internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
I have read and understand the disclaimer

Memberships & Associations