Regardless of the product or service a business provides, all companies share two common concerns: profits and losses. While people form businesses to meet a need, those companies revolve around making money. At a certain point, making money includes minimizing...
South Barrington Business Law Blog
Staggered distribution is important in high asset estate plans
If you have a large estate and minor children, it's important to consider how you might control your heirs' inheritance in case of a tragic event. Staggered distribution trusts are common for young beneficiaries of high-asset estates, because they pay out over time --...
Should you write a business plan?
You may be an entrepreneur considering if you need to write a business plan. It sounds like a great idea. You would think any new business or idea may need a plan to be successful and you would be right. There are many reasons why you should make sure a proper...
Business owners should start planning for 2018 taxes now
Taxes can be a particularly frustrating part of running a business. Filing on behalf of a company is often much more complicated than the average personal tax return. Audits tend to be more of a hassle as well. Because a higher value is likely at stake, many Illinois...
Three things to know about non-competition agreements
If you're a business owner, you have a vested interest in staying ahead of the competition. While you achieve this goal in many ways, having top-notch employees is paramount to your success. Talent pool retention is a focal point for any business operator, but what...
5 Ways To Prevent Partnership Disputes
Partnerships are best cultivated with like-minded individuals. Finding someone with aligned growth strategies and management philosophies can equal an equation for success. Unfortunately, even successful business owners encounter disagreements. Disputes can not only...
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