A Simple Tactic to Avoid Legal Disputes: Illinois Business Attorney | Motiva Business Law
(Video Length: 0:3:19)
business law
Contract Loopholes Don’t Exist
Before we get ahead of ourselves, let’s start off by saying contract loopholes don’t exist. When people talk to a lawyer about “loopholes,” they’re usually talking about an obligation that they want to get out of without being sued for breach of contract. People use the word “loophole” to signify that if there’s enough room
Contract Loopholes Don’t Exist Read More »
This is How You Assess Risk in Business | Illinois Business Lawyer
Illinois business and contract law attorney Danya Shakfeh explains how to assess risk in a business transaction. She explains key terms you should review in a contract including covenants (promises), warranties, and liability capping. (Video length: 3 minutes, 58 seconds)
This is How You Assess Risk in Business | Illinois Business Lawyer Read More »
Profit Sharing Tips for Illinois Businesses
If you have an entrepreneurial spirit, you may have dreamt of being your own boss someday or building a company from the ground up. Starting your own company or going into business with a partner is a major endeavor, not to be taken lightly. In a business partnership, you and your partner can split the profits any
Profit Sharing Tips for Illinois Businesses Read More »
What Is Involved in the Business Contract Review Process?
For any business owner, it is imperative that all agreements related to the company are put in writing in order to protect his or her rights and interests. However, business contracts are important for outlining the expectations of the parties on all sides, whether a business, vendor, or employee. In simple terms, a contract is a legal document that
What Is Involved in the Business Contract Review Process? Read More »
Understanding the Terms of a Non-Compete Agreement in Illinois
As a business owner or an employee, it is important to understand the contracts you are signing, whether you are a new employee accepting a job or an employer offering a job. Regardless of your level or position at the company, you should not overlook the details of any contract. Business contracts can be complicated with a lot
Understanding the Terms of a Non-Compete Agreement in Illinois Read More »
Stock Sale Versus Asset Sale in a Business Acquisition
If you are considering selling your company, it is important to understand the few ways that this can occur. Maybe you wish to fully sell or perhaps you would like to continue owning a certain number of shares to stay connected to your business. Whatever route you are leaning toward, it is a good idea to
Stock Sale Versus Asset Sale in a Business Acquisition Read More »
What Are the 3 Stages of Purchasing a Business in Illinois?
Many business professionals dream of owning a business, but they may not want to start from scratch. While entrepreneurialism is a common way to own a business, it can also be daunting and risky. Building a business from the ground up involves much more than just coming up with a product or service. A business
What Are the 3 Stages of Purchasing a Business in Illinois? Read More »
4 Practical Considerations for Buying a Business in Illinois
Illinois businessmen and businesswomen who would like to own their own business have two options: start your own business or buy someone else’s. There is a certain sense of pride that comes along with becoming an entrepreneur, formulating your own business idea, and starting from the ground up. However, people often forget the number of benefits that come
4 Practical Considerations for Buying a Business in Illinois Read More »
Why Is It Important to Have an Operating Agreement for an LLC?
Many small business owners opt to have a limited liability company (LLC) business structure. This provides the owner, or multiple owners known as “members”, with more personal protection but less formality than other business entities. Those who decide to follow an LLC structure should have an operating agreement in place to ensure that all members are on
Why Is It Important to Have an Operating Agreement for an LLC? Read More »