Business partners might be completely aligned now — holding unified goals, mutual trust, and a shared vision. However, businesses rarely fall apart in a single moment; most erode slowly, not from betrayal but from a failure to anticipate what may come next. That’s...
Strategic Legal Guidance To Safeguard Your Business Interests
Business Dissolution
What are the options for resolving a partnership dispute?
In Illinois, business partners can have disputes for various reasons, and dispute resolution methods can materially affect the partners’ business relationship. In some cases, the partners may want to preserve their status and continue with the business while other...
What to know about selling your business
Selling your Illinois business may allow you to secure your financial future, whether you plan on retiring or simply starting a new chapter in your life. Liquidating your business may also be ideal if you don't think it has room to grow from a profit or revenue...
Facts about DIP financing in Illinois
When a business has financial trouble and considers bankruptcy, it will have two ways of finding money to pay its creditors. One of those options involves Debtor-in-Possession (DIP) financing, which can be helpful for both a business debtor and its creditors. What is...
Holding liability for tortious interferences in business
Tortious interference in Illinois is a type of tort that involves an interference with a business contract. A plaintiff files a claim against a defendant who intentionally undermines a contract or business relationship and causes economic damages. The tort of...
Options when it is time to close your startup
Hundreds of thousands of new companies are started each year, and between 30% and 40% of them fail. In other words, between 30% and 40% of new small businesses are liquidated and the investors lose all or most of their money. If you define failure as failing to reach...