If you own a business in Illinois, you're familiar with the struggle to stay in compliance with local laws. In 2015, Illinois lawmakers passed the Illinois Secure Choice Retirement Savings Program (Secure Choice). The program is meant to help businesses that do not already have a retirement savings program. It is mandatory for those businesses.
When it comes to business litigation, many business owners focus on the potential impact that a lawsuit may have on their company. For example, they may worry about the financial fallout of a lawsuit and any potential penalties they will encounter, and they may have concerns about their business’ future in various capacities. Sometimes, business lawsuits can be so serious that they even force a business to shut its doors. Moreover, litigation can be disastrous for business owners in their personal lives, and they can even affect entire families.
A shareholder agreement must satisfy all involved parties. It must also be designed with dispute resolution in mind. While you certainly hope for the best-case scenario in business, you must also have a plan in place in the event the worst-case scenario decides to make an appearance. To ensure your bases are covered, Entrepreneur offers the following information on handling shareholder disputes.