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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 [...]

Is Your Business Partner Stealing?

By | August 25th, 2016|Blog, Business Law, Business Structure, Uncategorized|

Everyday companies form and business partners come together with the best of intentions and hopes. Often things begin smoothly but trouble rears its ugly head down the road. If you have formed a company and have a business partner, it’s devastating to find your trusted partner stealing from you. If you find yourself in this [...]

10 Must-Know Steps for a Successful Business Sale or Business Purchase

By | August 18th, 2016|Blog, Business Law, Business Structure, Uncategorized|

The global business market has seen an increase in M&A deals in recent years. According to the Mergers and Acquisitions Condition Index, in July 2016 middle market business sale and business acquisition deals increased for the second consecutive month. Another noted trend is a decrease in deal closures - often the result of lack of [...]

Goodbye is Never Easy… 6 Must Know Tips for Firing an Employee

By | August 11th, 2016|Blog, Business Law, Compensation, Hiring Practices|

We’ve all been there. Whether you’re a business owner or a manager of a business, firing an employee can be tough. Follow the following six tips to make it easier for everyone to break-up the relationship and reduce the risk of wrongful termination or unfair treatment claims. Tip 1: Before firing an employee Give them an [...]

Unfair Treatment in Internship Programs: Protect Your Company

By | August 11th, 2016|Blog, Business Law, Compensation, Federal Law|

Today’s job market is less than ideal. While the pool of job candidates is large, companies struggle to find manpower to fit their budgets. The solution for many companies is internship programs. Internships are becoming a standard graduation requirement at many colleges and universities with benefits to both employer and student. According to Brian Burnsed, [...]

Chicago’s Ordinance Requires Incremental Raise

By | July 11th, 2016|Business Law, Illinois State Law, Small Business|

On December 2nd, 2014, the city of Chicago passed an ordinance to raise the minimum wage to $13 per hour.  Under this ordinance, the minimum wage will be increased annually to the $13 limit by July 1, 2019.  The incremental raises are scheduled for July 1 of each year since the ordinance was passed.  On [...]

US Department of Labor (DOL) announced new overtime regulations

By | July 11th, 2016|Blog, Business Law, Federal Law, Small Business, Uncategorized|

The US Department of Labor (DOL) announced new overtime regulations under the Fair Labor Standards Act (FLSA).  Many workers who before were exempt from such overtime regulations will now become eligible to have their overtime pay.  Under the new regulations, any worker making $47,476 or less must be paid overtime for hours worked in excess [...]