Category Archives: Business Law

Shareholders in Illinois corporations are allowed to bring a lawsuit on behalf of the corporation for wrongful actions taken against the corporation, usually as a result of misconduct by the directors or officers of the corporation. Shareholders who file derivative … Continue reading

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Retaining key employees is important to all businesses—in the long run, it saves businesses money. Employee turnover hurts businesses in terms of training new employees, losing institutional knowledge, and even the possibility of a dip in reputation based on losing … Continue reading

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The right of employees in the private sector to unionize is something that business owners cannot ignore. Unionization can sometimes affect a business negatively; however, it does not have to in all situations. Business owners should be familiar with the … Continue reading

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Renting property is something most business owners have to consider at one point or another in the course of running their businesses. In addition to scouting the best location for the rental space in order to maximize the potential for … Continue reading

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One of the best moves partners, shareholders, and other joint business owners can make is to agree to execute a buy-sell agreement that governs what would happen to a partner’s ownership interest if the partner is incapacitated, dies, goes through … Continue reading

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