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November 2017 Archives

What to think about during business formation

One decision that nearly every Illinois entrepreneur makes when starting a new venture is under what type of entity to operate. This may just be one of the most important considerations during the business formation process. The choice of entity that you make sets up the framework for the business from now into the future.

Partnership agreements are safety nets for Illinois businesses

When Illinois partners join forces to start a business, they may feel everything is lining up in their favor. Typically, at the beginning of a business relationship, everything goes smoothly. The partners may have similar goals and follow similar paths to achieve them. However, as the business progresses, there are bound to be disagreements, confusion or challenges that can bring tension to the partnership. To avoid having those challenges result in an irrevocable rift that can signal the end of the business, partners are wise to establish firm and legally binding partnership agreements.

What disclosures are required in real estate transactions?

You could have a variety of reasons for selling your home, but you do not need to disclose all of them. However, you will need to make certain disclosures required by Illinois law in all real estate transactions. If you fail to do so, you could end up with larger problems than you would by letting potential buyers know if something significant is wrong with the house.

4 tips for co-parenting on Thanksgiving

When you are divorced, Thanksgiving can be a stressful holiday. The day is centered around spending time with family, so you may be dreading it this year. It is common to feel anxiety, stress and frustration as you think about the beginning of the holiday season.

Home builder disputes can come from a variety of sources

Whether you are the owner or the Illinois construction company handling the project, you will more than likely need to attend to numerous legal and business issues. With so many moving parts involved in construction projects, the potential for home builder disputes is often high. It may be a good idea to take a look at as many of those parts as possible in order to predict from where the more obvious problems could arise.