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Selling a small business at a profit rarely happens by accident. This turn of events usually unfolds as the result of planning, organization and strategic decision-making well before a deal is on the table. Many owners who have never sold a small business before...
Buying a home is an expensive process. Modern mortgages are more flexible than those issued in prior generations. Most people don't need to come to the table with 20% down. However, they do need a small down payment, much of which might serve as their earnest money. A...
Solid commercial financing can propel a business forward, whether it’s used to purchase equipment, acquire property, expand operations or stabilize cash flow. For better and for worse, however, the process of securing financing is far more complex than simply signing...
The sudden departure of a key leader can be a major disruption to any business. With a clear succession plan in place, this disruption can be minimized. Succession planning can protect business value, but are you legally required to share this plan with your...
Serving on the board for a homeowners association (HOA) comes with many responsibilities. Board members have to be present for meetings, which can demand hours of their time every month. They may also need to make difficult decisions regarding their neighbors and...
Business contracts generally outline expectations for working relationships. A contract with a vendor may detail pricing and delivery schedules. Contracts with service providers may clarify how long the arrangement should last and the company's expectations for...
An employee handbook is more than a welcome guide for new hires. It is also meant to serve as a consequential legal tool that can help protect a company’s interests, reduce liability and facilitate compliance with state and federal laws. When crafted properly, a...
If you're preparing to exit your business – whether by selling it, passing it on or closing it – you must consider what will happen with any commercial property you own.. It can affect your taxes, legal obligations and future plans. Whether you lease or own, early...
As a business owner, you might wonder about the importance of contracts in your daily operations. These legal documents may seem like paperwork we fill out when hiring new workers or putting together a plan with vendors. Although this is true, it is important to know...
We are pleased to announce that Elliot S. Wiczer, a partner at , has been selected to the 2025 Illinois Super Lawyers list. This is an exclusive list, recognizing no more than five percent of attorneys in the state. Super Lawyers is a...