Lexern

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So far Lexern has created 74 blog entries.

AN ANTICIPATED IMPACT OF A TRUMP PRESIDENCY ON M & As

By | December 15th, 2016|Blog, Business Law, Business Structure|

How will a Trump presidency impact M & As. Donald Trump is set to become the nation’s 45th president when he is inaugurated on January 20, 2017. A Trump presidency promises to bring big changes - for better or worse. He has vowed to bring jobs and businesses back to the United [...]

Federal Judge Issues Nationwide Injunction for New Overtime Rule

By | December 9th, 2016|Blog, Employment Law|

Procrastinators won… at least this time! Less than two weeks before the new Department of Labor’s (DOL) overtime rule was scheduled to go into effect, a Federal judge from Texas granted an emergency injunction putting the new overtime rule on hold indefinitely. The new overtime rule, impacting millions of workers nationwide, was set to [...]

Independent Contractors, Employment Gigs and Employment Laws

By | November 30th, 2016|Blog, Employment Law|

There’s no doubt that there is a rise in “gig employees” worldwide. The greater number of gig employees, also known as independent contractors or freelancers, is due, in large part, to the extensive accessibility of the Internet. The United States Government Accountability Office reports that 12.9% of the workforce in the United States were [...]

7 Tips to Handle Inappropriate Workplace Conversations

By | November 18th, 2016|Blog, Employment Law, Federal Law|

They said what??? If you’ve ever managed employees before, there’s no doubt you’ve wanted to scream this question out at least a few times. Inappropriate workplace conversations can be a tricky topic to handle. When people spend many hours at work together day after day, it’s almost a certainty that there will be inappropriate [...]

New Paid Sick Leave Ordinance in Cook County

By | November 10th, 2016|Blog, Business Structure, Employment Law|

On October 5, 2016, Cook County, Illinois joined the growing list of jurisdictions across the country to pass a paid sick leave ordinance, following what’s becoming a popular trend across the country, not only in the Midwest, but nationwide.  Previously, the city of Chicago, located in Cook County, also passed a similar ordinance in [...]

Employment Contract and Termination for Cause

By | November 4th, 2016|Blog|

A properly drafted offer of employment or employment contract can make all the difference if the employment relationship does not work out as planned.  It was clearly illustrated in a recent appellate case, David Eakins v Hanna Cylinders LLC, 2015 IL. App. (2d) 140944. In this case, a former Hanna Cylinders’ employee and plant manager, [...]

Are Restrictive Covenants Enforceable In The IT Staffing Industry?

By | October 21st, 2016|Blog, Business Law, Hiring Practices, Illinois State Law|

Business owners often want their employment contracts to contain the most restrictive covenants.  Yet, overzealous restrictive covenants may backfire if deemed overly restrictive, unreasonable, and going further than necessary to protect the “legitimate business interests,” which is an elusive concept. A restrictive covenant is a type of contractual arrangement.  It is a clause in an [...]

How to Facilitate a Buy-Sell Agreement

By | September 15th, 2016|Blog, Business Structure|

Businesses usually start with best intentions and under the best of circumstances. However, down the road many life events and business challenges occur that change business owners, their relationships, and goals. It’s essential, therefore, for most new businesses to begin with a discussion of a buy-sell agreement. A typical buy-sell agreement functions in the same [...]

Is a Business Sale in Your Future? Six Steps to Take Now

By | September 14th, 2016|Business Law, Business Structure, Uncategorized|

The past few years have seen an increase in small to middle-sized business sales. The economic forecast suggests that this trend will continue.  If you are considering a business sale, it’s vital to understand the selling process and prepare your business for the contemplated sale well before you try to put your business on the [...]

Paid Sick Leave Changes in Chicago

By | September 9th, 2016|General, Uncategorized|

It’s getting to be that time of year again….kids are back in school, days are cooler and shorter and colds, flus and viruses rear their ugly heads. Along with feeling terrible, come doctor’s visits, medications, missed work days and sometimes hospitalization making paid sick leave is essential. The Centers for Disease Control and Prevention reports [...]