A businessman's hand fishes cookies out of a glass jar. Sweet tooth or metaphor for embezzlement in business.

Can You Sue Your Partner for Embezzlement in Business?

When people think of business theft — also referred to as embezzlement — criminal activity is usually what comes to mind. While embezzlement is typically a white-collar crime that can come with serious legal ramifications, including jail time and… Read More
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Categories: Business Litigation
Female lawyer holding document and speaking to jury in courtroom concept for timeline of a litigated business dispute.

Timeline of a Litigated Business Dispute

A business dispute can be seriously disruptive to your company’s operations and bottom line. One of the first questions you might have if you’re facing litigation is how long your case will take to resolve. Importantly, every commercial case is u… Read More
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Businesswoman typing on laptop in blurry office with double exposure of blurry cyber security interface. Concept of Trade Secret Infringement

Can You Pursue a Lawsuit for Trade Secret Infringement?

Many companies have trade secrets that they have invested a significant amount of time and money into developing. Trade secrets are an essential form of intellectual property protection — and can sometimes be an easier alternative to securing paten… Read More
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Categories: Business Litigation
Close up of unrecognizable people shaking hands in the office. Concept ofr Can You Sue a Trustee for Mismanaging a Trust?

Can You Sue a Trustee for Mismanaging a Trust?

Trusts are often used in estate planning to provide a number of benefits — including protecting assets from creditors and transferring wealth to the next generation. A trustee has considerable authority over how the assets in a trust are managed an… Read More
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Categories: Trust Litigation
Group of business persons in business meeting in board room. Concept for When Do Minority Shareholders Owe Fiduciary Duties?

Under What Circumstances Would a Minority Shareholder Owe Fiduciary Duties?

Illinois law specifies that any shareholder in a close corporation owes a fiduciary duty not only to the corporation, but to other shareholders. This includes minority shareholders. In addition, the shareholders of a regular corporation might also ow… Read More
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Categories: Fiduciary Duty
Non-solicitation Agreement is shown on a business photo using the text

What’s the Difference Between a Non-Compete and a Non-Solicitation Agreement?

Restrictive covenants, such as non-compete and non-solicitation clauses, are becoming increasingly common in employment contracts. These types of clauses are meant to prevent an employee from offering the same services as their former employer or poa… Read More
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Unlike an irrevocable trust, a revocable trust can be modified, amended, or revoked upon the wishes of the trustor.

What is the Difference Between a Revocable and an Irrevocable Trust in Illinois?

There are many benefits to setting up a trust, and a wide variety of trusts can be created, depending on your objectives. These legal instruments fall into two primary categories — trusts can be either revocable or irrevocable. Although both types… Read More
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Categories: Trust Litigation
Portrait of attractive smiling business team searching for an alternative business dispute resolution. Concept for Can Alternative Dispute Resolution Be Used to Resolve Breach of Contract Cases?

Can Alternative Dispute Resolution Be Used to Resolve Breach of Contract Cases?

Most people think of litigation when it comes to resolving breach of contract matters — but it’s important to be aware that other options exist. Alternative dispute resolution methods such as negotiation, arbitration, and mediation can help parti… Read More
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Categories: Business Dispute
Study of the legal component for the development of a business process. Concept for breach of contract lawsuit.

Remedies Available in a Breach of Contract Lawsuit

A breach of contract lawsuit can result in significant financial losses for a company, as well as reputational harm, and other damages that are difficult to quantify. Fortunately, a wide variety of damages are available to an aggrieved party who prev… Read More
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Categories: Business Dispute
Businesswoman raising fists with ambition looking forward to city building urban scene through glass window concept for How to Start an LLC in Illinois.

How to Start an LLC in Illinois

If you’re an entrepreneur, selecting an entity type for your company is one of the most important decisions you will make. For many small business owners, a limited liability company (“LLC”) is the ideal business structure due to the flexibilit… Read More
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