The Uniform Commercial Code (UCC) forms have changed for perfecting UCC liens. If you make UCC filings in Illinois, be sure you are using the new forms required as of July 1, 2013. The following notice is posted on the Secretary of State’s Business Services website:...
Professional Service With A Personal Touch
Business
Are You the Wizard Behind the Curtain? (Corporate Formalities)
A case decided in March of 2012, is a complicated, though fascinating, study in corporate law. Shredding away the layers, it exposes a lesson to be learned for anyone who has incorporated a business, a risk that threatens small corporations much greater than large...
Lessons in Business: Mistakes that Can Be Avoided, the Story of John Doe
There is nothing like a real-life story to drive home a point. What you are about to read are the real mistakes of real people. The names and details have been changed to protect innocent entrepreneurs. Entrepreneurial people tend to have positive motivation, hope...
BASIC CONTRACT FORMATION FOR BUSINESS
Business owners are a hopeful, positive and adventuresome group. The strong character traits that propel people into commercial enterprise, however, may also reveal areas of weakness that may lead to difficulty and even disaster down the road. Business owners are not...
Business Planning for Survival
We all know intuitively that there is risk to business enterprise. We have watched restaurants come and go. We have heard the statistics: 50% of all businesses fail in the first year, and 95% do not survive the five year mark. Fortunately, those statistics are just...