Limited Liability Company concept. Businessman touching LLC on a virtual screen.

How to Dissolve an LLC in Illinois

Not every limited liability company lasts indefinitely. No matter how much time and effort you put into building your business, there may come a time when you decide it’s the right time to close it. However, it’s important to understand that ther… Read More
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What is an Employment Contract?

Although Illinois is an at-will employment state, contracts are a crucial component of the employer-employee relationship. An employment contract can set forth the rights of both parties, outline an employee’s pay and benefits, and state the terms… Read More
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LLC Members’ Fiduciary Duties of Care and Loyalty

Members of a Limited Liability Company (LLC) owe certain fiduciary duties to the LLC and each other under Illinois law. Among the most important are the duties of care and loyalty. Unfortunately, LLC members can sometimes violate their fiduciary duti… Read More
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Effective Debt Collection Strategies for Small Businesses

When you own a small business, nothing is as important as your bottom line — and when clients or other parties owe you money, it can significantly impact the success of your business and your cash flow. While small businesses may not have the same… Read More
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Purchase agreement building and keys.

What is a Purchase Agreement for a Business?

The process of selling or purchasing a business can be complex. While there are many legal documents that may be involved in the transaction, the terms, conditions, and provisions that go into a business purchase agreement are critical. Read More
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Young successful smiling african businessman holding dollars as a concept for Litico Law Group's business attorneys provide representation and counsel for enforcement of judgment in Illinois, including out-of-state judgments.

How Do You Enforce an Out-of-State Judgment in Illinois?

If your business has prevailed in a lawsuit and you were awarded a judgment against a supplier, customer, or another company, the next step is to collect the amount you are owed. But you might be wondering how to collect on a judgment if it was issue… Read More
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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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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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Non-compete agreement document for filling and signing on desk, business competition concept

Are Non-Compete Agreements Allowed in Illinois?

Companies that use non-compete agreements and restrictive covenants should be familiar with several recent changes that occurred in Illinois law. While the Illinois Freedom to Work Act previously only applied to non-compete agreements for low wage wo… Read More
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