Get Financial Religion Before Listing Your Business For Sale

There is no better time for small business owners looking to sell their closely held business. However, business owners hoping to cash out can quickly discover that issues with their internal financials can become a roadblock to a sale. Disorganized or missing financial or corporate records can turn off potential buyers, who demand complete transparency when buying a business. Financial...Read More

ILLINOIS FREEDOM TO WORK ACT – NEW RULES FOR NON-COMPETE AND NON-SOLICITATION AGREEMENTS IN ILLINOIS

  The Illinois General Assembly has approved House of Representatives Amendment 1 to Senate Bill (SB) 672, which would significantly reform non-compete and non-solicitation law in Illinois. The bill will now go to Governor JB Pritzker, who is expected to sign the bill into law as the Illinois Freedom To Work Act. The Act would impose limitations on non-compete and non-solicitation...Read More

Tips to Avoid Embezzlement in Your Business

Embezzlement is a theft by a business partner, employee or other trusted individual in a business setting. It usually involves diverting company funds or resource, but it could also include the theft of merchandise, supplies, equipment,inventory, or even business data. Tips for Protecting Your Small Business from Embezzlement Embezzlement happens to small to medium size businesses when they...Read More

Sexual Harassment Training Now Required

On August 9, 2019, Illinois enacted the Workplace Transparency Act, which amends the Illinois Human Rights Act. This new law requires that all Illinois employers provide annual sexual harassment training to its employees. Effective January 1, 2020, all employers must train all employees in Illinois each year. The first deadline is January 1, 2021. The annual sexual harassment training program...Read More

Sales Representatives In Illinois Have A New Friend

The Illinois Sales Representative Act states that a principal who fails to pay a sales representative is liable for the commissions, plus attorney’s fees and potential punitive damages up to 3 times the amount of the commissions owed. The Illinois Sales Representative Act is a little known law which states that a principal who fails to pay a commission to a sales representative is...Read More

Today’s Growth Consultant of Minooka, Illinois, Sued By New Zealand Investor

By: Lustig & Wickert CHICAGO – Dec. 24, 2019 – PRLog — NZQ Investments Limited, a New Zealand corporation, has filed a lawsuit against Today’s Growth Consultant, Inc., an Illinois corporation. The lawsuit was filed on December 20, 2019, in The United States District Court For The Northern District of Illinois as Case No. 19-cv-8346. The Complaint alleges that NZQ...Read More