Category Archives: Business Law

Businesses are dependent upon their unique characteristics — attributes that can separate companies from failure and success. Valuable information, most commonly in the form of intellectual property, is what differentiates a business from its competition. As a business owner, you … Continue reading

Share
Posted in Business Law | Tagged , , , , | Leave a comment

A well-thought-out employee handbook accomplishes much more than being a simple introduction to the company for a new employee. An employee handbook outlines expectations that the employer has for the employees, sets guidelines for managers, provides legal protection for the … Continue reading

Posted in Business Law, Employment Law | Tagged , , , , | Leave a comment

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

Posted in Business Law | Tagged , , , , | Leave a comment

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

Posted in Business Law, Employment Law | Tagged , , , , | Leave a comment

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

Posted in Business Law | Tagged , , , , | Leave a comment