Category Archives: Newsletters
Illinois-Specific Labor Laws
Employees are the backbone of any business. Accordingly, business owners must diligently work to ensure that they comply with federal and state employment laws. While these regulations govern many different aspects of employer-employee relations, a central facet of the law focuses on the minimum amounts of compensation and “off-time” that employees must receive. Although… Read More »
Why Should I Hire a Business Lawyer?
As a business owner, you are no doubt used to handling any number of problems on your own. It is natural to wonder if hiring a Hoffman Estates business lawyer is really a necessary action to take when you are starting a business or making a big change within your company. When and Where… Read More »
How Do Salaried and Hourly Employees Differ?
Payment and compensation is one of the most fundamental aspects of business law and employment law. Even if you only have one employee, you must still make critical decisions regarding how much to pay them, how often and what benefits you will offer to them. There are strict federal and state laws that govern… Read More »
What’s the Best Business Structure for my Company?
A Hoffman Estates Attorney Discusses Restructuring When you initially started your business, you chose to incorporate a certain way based on your needs at the time and the future you saw for the company. Some years have passed, and now you may find yourself interested in adjusting your personal liability or simply needing to… Read More »
Are Non-Compete Agreements Legal in Illinois?
A Hoffman Estates Attorney Explains Though non-compete agreements have been in use for decades, within the past two years they have come under particular scrutiny in Illinois due to the ruling given in Reliable Fire Equip. Co. v. Arredondo (2011 IL 111871). As a result, there have been significant changes in the laws governing… Read More »
Our Hoffman Estates Lawyers Discuss the Importance of Business Succession Planning
Business succession planning is an important part of running a business, especially for small business owners. A business succession plan addresses future “what if” scenarios, such as owner illness, death or retirement. Without a comprehensive succession plan, small businesses run the risk of spiraling into failure when one of these “what if” scenarios comes… Read More »
Starting a Nonprofit Organization: Our Hoffman Estates Attorneys Explain the Steps Involved
Nonprofit organizations that engage in charitable, religious, educational, literary or scientific endeavors, as well as organizations that perform tests for public safety, work to prevent child or animal cruelty, or foster amateur sports competition, do not have to pay taxes on income derived from activities related to the organization’s objectives, as these activities benefit… Read More »
Avoiding Wage and Hour Disputes: Our Hoffman Estates Lawyers Discuss the Fair Labor Standards Act
Employers must compensate employees according to state and federal employment laws. Under the Fair Labor Standards Act, most employees are entitled to overtime pay equivalent to one and a half times their normal rate of pay for all hours worked above a regular 40-hour workweek. The FLSA also establishes a minimum wage of $7.25… Read More »
Our Des Plaines Estate Planning Attorneys Discuss Education Trusts
If you have children or grandchildren, you may be worried about the rising costs of postsecondary education. You may want to provide for their college education in advance. That is where an education trust comes in. An education trust allows parents or grandparents to set aside funds for their children or grandchildren to use… Read More »
Why You Need a Hoffman Estates Probate Attorney
When a person dies in Illinois, his or her estate may need to go through probate, a court-managed process of settling the estate. If the decedent left a will, the probate court will validate it and distribute the estate according to the terms of the will. If the decedent died without a will, or… Read More »