Recent Posts in Business Law

• Posted By Rifkind Patrick LLC 7-Jun-2017

  Closing a Business in Chicago

  Have you decided to close one of your businesses? If so, perhaps the business has not been profitable. Perhaps you want to move on to something else, or perhaps you want to move to another state. Whatever your reason for shutting down operations, ...

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• Posted By Rifkind Patrick LLC 23-Nov-2016

  Why Avoid Business Litigation?

  When you are running a successful business, you are in the public eye. While you can control how you handle your vendors and customers, you cannot control the actions of outside influences. At some point, someone will probably try to sue your ...

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• Posted By Rifkind Patrick LLC 14-Nov-2016

  Tax Advantages of Hiring Veterans

  Each year in November, the nation celebrates all the brave men and women who served our great country – living and dead – on Veterans Day. We wanted to take a moment to not only thank our veterans for defending our freedom and for making ...

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• Posted By Rifkind Patrick LLC 27-Oct-2016

  Know the Law Before Cutting Benefits or Employees

  It is no secret that a large percentage of businesses will face uncertain financial circumstances at some time. Business owners may reach the point where they must make hard decisions, such as benefit reductions and layoffs. If your business is ...

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• Posted By Rifkind Patrick LLC 12-Oct-2016

  Insurance Requirements for Chicago Employers

  Once you decide to start a business, you have to think about the types of insurance you are legally required to have for your new company. Generally, a business with employees is required by law to carry various types of insurance, such as ...

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• Posted By Rifkind Patrick LLC 27-Sep-2016

  Privacy: Major Concern for Businesses

  In recent years, there have been massive, widely-publicized data breaches, as well as many less-publicized cybersecurity occurrences that have affected American businesses large and small. Today, privacy is something that all companies need to be ...

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• Posted By Rifkind Patrick LLC 8-Sep-2016

  Tips for Avoiding Business Litigation

  If you are a new business owner, you may have heard that it’s only a matter of time before you face litigation in some shape or form. While litigation can seem unavoidable to small and large businesses alike, there are certainly things that you ...

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• Posted By Rifkind Patrick LLC 25-Aug-2016

  Workers' Compensation Laws in Illinois

  Before we had workers’ compensation laws, injured workers would have to file lawsuits against their employers. Doing this meant proving the employer’s negligence, which was a long and arduous process. After the Industrial Revolution, ...

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• Posted By Rifkind Patrick LLC 10-Aug-2016

  About Business Dissolution

  Are you considering dissolving your company? Shutting down operations goes beyond shutting the doors and disconnecting your phone lines. While these will play small roles in the process of ceasing operations, there will be many more steps involved. ...

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• Posted By Rifkind Patrick LLC 25-Jul-2016

  Business: Handling Legal Concerns

  Whether you are starting or buying a business or franchise, you will need a crash course on the legal concerns involving your company, of which there will be many. As an entrepreneur, it makes “good business sense” for you to familiarize ...

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• Posted By Rifkind Patrick LLC 21-Jun-2016

  Business Owners: What is Your Exit Strategy?

  If you built a successful business, or if you purchased an existing business and it continued to grow, you, the business owner, are probably thrilled with the fact that your business is viable and has achieved measured growth since it was ...

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• Posted By Rifkind Patrick LLC 24-May-2016

  3 Types of Partnership

  There are many reasons to go into a partnership. Each business partner brings his or her unique strengths to the table, and this can be invaluable. If you are looking for someone other than a family member or spouse, you may be looking for a trusted, ...

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• Posted By Rifkind Patrick LLC 5-May-2016

  Employment Tips for Startups

  In honor of the SBA’s National Small Business Week (May 1-7), we wanted to feature some basic legal advice for startups, which by their nature, are “small businesses” for now. As a small business owner, you will soon learn that ...

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• Posted By Rifkind Patrick LLC 6-Apr-2016

  Ways to Avoid a Partnership Dispute

  Going into business with a longtime friend or a coworker at your former job can be a great idea. Your partner’s strengths may compliment your weaknesses, and two heads are often better than one. It also helps to have someone whose financial ...

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• Posted By Rifkind Patrick LLC 10-Mar-2016

  Common Legal Mistakes Made by Startups

  If you recently established your startup, congratulations on your new business. Whether you left Corporate America and this is your first company, or you’re a serial entrepreneur, you will be faced with certain legal challenges that are unique ...

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• Posted By Rifkind Patrick LLC 22-Feb-2016

  Resolving Construction Disputes

  No matter what industry you are in, no two construction projects will be identical. That is because there are so many variables, such as site conditions, construction methods, suppliers, and even character differences that come into play. ...

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• Posted By Rifkind Patrick LLC 13-Jan-2016

  Legal Concerns of Owning a Business

  Taking the leap into business ownership certainly has its perks. You get to control your career, your income, and your family’s financial future. While the advantages are many, you cannot enjoy the fruits of your labor unless your business is ...

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• Posted By Rifkind Patrick LLC 21-Dec-2015

  Can I Sue for Breach of Verbal Contract?

  Let us say that two parties entered into a verbal or “oral” agreement over the exchange of services. One of the parties holds up their end of the deal, while the other party refuses to provide payment or deliver what was promised. Is the ...

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• Posted By Rifkind Patrick LLC 2-Nov-2015

  The 4 Major Business Organization Forms

  Business organization is the single-most important choice you’ll make regarding your company. What form your business adopts will affect a multitude of factors, many of which will decide your company’s future. Aligning your goals to your ...

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• Posted By Rifkind Patrick LLC 30-Oct-2015

  The Difference Between Subchapter S & C Corporations

  When beginning a corporate venture, owners ought to keep in mind their long-term goals for the business. Is the idea to take on more shareholders? To go public? To offer different classes of stocks? If these are questions you are asking, you’ll ...

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• Posted By Rifkind Patrick LLC 27-Aug-2015

  What Does a Non-Compete Agreement Do?

  Non-compete agreements or clauses are a frequent addition to new employment contracts. Essentially, these agreements will prevent one of your employees from directly competing with your business, or working for a competitor, for a specified length of ...

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