February 2015 Archives

Legal representation for Illinois small businesses

Whether your business is just starting out or is already established, you most likely understand the need for strong contracts that are designed to protect your company's interests. In all cases, it is crucial that you minimize the risk to your company while also concentrating on growth.

The use and importance of buyout agreements

In most cases, Illinois businesses that are owned by more than one person should have a buyout agreement on file. Buyout agreements, also called buy and sell agreements, are not actually for the purpose of buying and selling businesses. Instead, they function in a manner that is similar to a prenuptial agreement. In other words, a buyout agreement defines the legal relationship between a business's co-owners and dictates how and when a co-owner can sell his or her interest in the company.

Considerations when designing a business plan

When someone begins to set up a business plan, they might want to talk with a knowledgeable business attorney in order to find out related federal and Illinois laws. They can review several areas together as they plan for the future in order to ensure that their business is properly structured and has the flexibility to grow with them.

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