March 2015 Archives

2003 federal law covers deceptive email practices

All Illinois businesses may want to be aware of the CAN-SPAM Act that was passed by Congress in 2003. This rule covers all commercial messages sent through email. It gives recipients the right to stop receiving emails, and it carries stiff penalties for noncompliance.

Billion-dollar Willis Tower sale keeps Chicago real estate hot

Blackstone Group has reportedly spent at least $1.3 billion, possibly $1.5 billion, to buy the Willis Tower, originally known as Sears Tower, in Chicago, Illinois. A managing director from the group said in a statement that the investors see opportunities to expand the tower's retail operations because of its popularity as a tourist destination.

Mistakes that Illinois small business owners to avoid

While starting a business can be an exciting proposition, there are steps that need to be taken to increase the odds that the business will succeed. The first step to take is to form a legal entity that is separate from the owner. However, many independent contractors and others that do not have a storefront do not do this despite the risk of a lawsuit.

How joint venture agreements work in Illinois

Joint ventures are similar to partnerships in that they outline the obligations, expectations and profit-sharing guidelines for a project, but joint ventures are generally short-term agreements, normally lasting only about five to seven years. Once a project has been completed, the venture is normally dissolved although it is not uncommon for one organization to purchase the other in the end.

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