Business owners invest a considerable amount of time, money and pride into their company, whether it is a small business or a large corporation. However, there will inevitably come a time when a business owner steps down, retires or passes away. If Illinois business...
business disputes
Does your website designer have a fiduciary duty to not misuse your financial or confidential information? What could or should you do to protect your business?
Recently I was asked by a client what remedies there might be for a website designer who already had access to their financial and confidential information. The client suspected the web designer might be trying to misuse their access to that information and their...
The long-term consequences of a business dispute
There are many ways in which business owners can approach business disputes, and various topics to explore. It is imperative to be aware of the different options that may be open to you if you have found yourself in this position, and you should also try to think from...
Business lawsuits can impact entire families
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...
What are the benefits of a reverse merger?
Most companies start out private. But, if your business is steadily growing, it's normally time to start considering going public around $100 million dollars in revenue. A reverse merger is one easy way to do that. Here are just a few reasons why. How it works The...
What is “termination for convenience?”
Have you had a business partner that has abruptly chosen to end your professional relationship in Geneva? In such a scenario, you typically expect to be given the reason behind their change of heart. Hearing that the now-former partner simply believes it to be in...
Emotional challenges and business litigation
For business owners, being taken to court can be one of the most stressful experiences they will have to work through. Not only can legal action in and of itself be difficult, but they may be worried about the ramifications of a lawsuit. Will additional people decide...
How to handle business partnership disputes
If you are in a partnership for a business in Illinois, more than likely you are not always going to see eye to eye. There are certain disputes that many partners face over the course of sharing a business, and if you handle them in the right way you can move past...
Complex Partnership Litigation- Breach of Contract or Rescission
Complex Partnership Litigation- Breach of Contract or Rescission The choice between seeking money damages for the breach of contract versus rescission of the contract can be an important one. And knowing the rules governing appeals is also crucial. The recent case of...