October 2015 Archives

What is The Contract Disputes Act?

If you or your Illinois business was hired under contract to work for the government, the Contract Disputes Act applies to your situation. This act was designed to resolve disputes between the contracted business and the agency. The uniform procedures that should be followed when drafting contracts with the federal government are outlined in this act as well. This post is not intended to provide legal advice; an attorney may be able to help you understand this act clearer.

What are some advantages of arbitration?

Many times your business-to-business contracts will include a provision mandating arbitration as the means of resolving any dispute regarding the terms and conditions of the contract. Although you will ordinarily not need to know the particulars of how arbitration works, in case you need to use your contract's arbitration clause this post will cover some of the advantages inherent in arbitration compared to litigation as a dispute resolution mechanism in Illinois.

Nexus and your multi-state corporation

If you are operating a business out of Illinois in multiple other states, you might find that taxes are piling up in certain states. Nexus can be a huge hassle when specific activities cause use and sales tax, franchise or other business tax. Some business owners might not be familiar with a few of the taxes that can be imposed on their out of state business.

Setting up your Illinois small business

Starting a small business in Illinois is an exciting venture. You are taking a huge step towards your future success and want to insure that your many investments are protected. It does not matter if this will be a family run business, start up business with a few friends or an individual project — there is much to learn and you will want to protect your interests.

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