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Securities Law: What is the Howey Test?

Securities are governed by complex state and federal regulations—including the Securities Act of 1933 and the Securities Exchange Act of 1934. Of course, in some cases, the line between a commercial transacti...

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Consequences for Failure to Pay Payroll Taxes

With all the various tasks to handle when running a business, you can be sure there will be some deadlines you miss, but one deadline you don’t want to miss is paying your payroll taxes (the IRS refers to the...

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Intellectual Property Law: Your Guide to Trademark Dilution Claims

Trademark infringement occurs when an unauthorized party uses a mark or symbol in a manner that is likely to confuse reasonable consumers regarding the source of goods or services. Though, an infringement lawsu...

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What is a Business Acquisition Agreement?

A business acquisition agreement - also frequently referred to as a business purchase agreement, offer of business agreement, or a business transfer agreement - is a contract between the buyer and seller of a c...

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Retirement Planning for Business Owners in Chicago

Many people currently do not have a proper retirement plan in place. Indeed, the AARP reports 60 percent of American adults lack core estate planning documents. CNBC reports a large percentage of Americans...

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Could Changing Your Business to C Corp Status Save You Money?

Businesses can be structured in a number of different ways — from sole proprietorships and partnerships, to limited liability companies (LLCs) and corporations. Beyond that, there are multiple different types...

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Is Your Company Facing a Payroll Tax Audit? Here are Four Steps to Help You Prepare

Payroll taxes are imposed on both employers and employees. In accordance with federal law, the Internal Revenue Service (IRS) has put certain rules and regulations in place that businesses must follow in order ...

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Five Key Provisions in a Commercial Lease

Chicago's commercial rental market is extremely competitive. According to data from the National Association of Realtors (NAR), commercial leasing rates are rising all across the country. If you are considering...

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Four Mistakes that Could Undermine an M&A Transaction

Mergers and acquisitions (M&A transactions) are an important part of the overall growth strategy of many businesses. The current market for mergers and acquisitions appears to be strong: According to a repo...

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An Overview of Minority Shareholder Rights in Illinois

By definition, a minority shareholder lacks total control over the direction of a corporation. In this disadvantaged position, minority shareholders are exposed to certain risks. Unfortunately, in some cases, m...

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