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February, 2017 Archives

Archives for February 2017

Challenges Faced by the Medical Marijuana Industry

Every since lawmakers passed the pilot medical marijuana program in Illinois in 2013, the marijuana industry has experienced its own share of growing pains. Despite generating more than $42 million in retail sales, entrepreneurs continue to suffer from the stigma that surrounds marijuana. Just a few of the challenges faced by those in the marijuana business include: Capital: Like with other industries, the challenges for a marijuana start-up often begin with capital. Although the United … [Read more...]

Dissolving Partnerships in Illinois

Business partnerships may be dissolved for any number of reasons. These can include a death, bankruptcy of the business, or simply the desire to move on. Once a vote has been taken to dissolve a partnership, the partners must adhere to the terms of the contract and state law to ensure that the appropriate steps are taken to formally end the relationship. Reviewing the Partnership Agreement Most partnership agreements identify the steps that need to be taken in order to dissolve the … [Read more...]

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