Main Street Promenade
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55 South Main Street
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Naperville, IL 60540
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630.416.4747

What Happens to Your Business if Something Happens to You?

The Business Succession Planning process is designed to answer this important question.  Whether you have a family business or a professional practice you need to plan for your succession.  This process is designed to prepare your business to be sold or transferred to your heirs.  It can be limited to authorizing people to operate your Read More

corporations

What Type of Corporation Will Fit Your Business Needs?

In our last blog, we discussed sole proprietorships, partnerships (general and limited) and C corporations, which are generally speaking the most common types of business entities. But there are a few more types of corporations that might fit your business needs. Remember that the C Corporation is the most common form of corporation, where a Read More

business entity

How do you know which business entity is right for you?

With so many types of business entities, how do you know which one is right for you? Over the next couple weeks we will look at some of the most common types of businesses and an example of why you might use that type of business. Sole Proprietorship: This is the simplest form of business Read More

3 Most Common Types of Property Ownership

Do you own a property with a spouse, sibling or friend? What type of ownership do you have associated with that property? Do you know?   There are several different types of property ownership and they each serve a very different purpose. Here are the 3 most common types of property ownership:   Tenancy in Read More

beneficiary, will, heir, joint tenancy

Is there a difference between a beneficiary, heir and descendant?

Yes, there is! Although beneficiary, heir and descendant may seem the same from the outside, legally each term has a very different meaning.   Below are the differences between each term and an example: A beneficiary is a person who benefits from the transfer of property through a Will or Trust, or the transfer of monetary assets such Read More

Lease, Family Business Plan

Why do I need an Attorney review my Lease?

Most tenants, and many attorneys, incorrectly believe that ‘reviewing a Lease’ simply means reading the offered Lease and proposing desired changes to the language.  As with any Contract you are asked to sign, a comprehensive Commercial Lease review process is the only method of assuring a Tenant’s protection from future Landlord abuse. This process starts Read More

Child Custody will Change in Illinois in 2016

Beginning January 1, 2016, a new law (Senate Bill 57) will significantly change family law in Illinois, with the biggest change occurring with child custody matters.   Currently, the Illinois Marriage and Dissolution of Marriage Act (IMDMA) allows for custody to be allocated either jointly or solely, with a distinction between legal and physical custody. Starting Read More

When It's Time To Talk With A Naperville Lawyer

When It’s Time To Talk With A Naperville Lawyer

Sometimes it can be difficult to know when to call a lawyer. But if you have concerns about a business relationship or transaction, it’s time. If you’ve been pulled over for a traffic violation and you think your license may be in jeopardy or are worried that your insurance premiums will rise, it’s time. If Read More

3 Things To Look For In Naperville Law Firms

3 Things To Look For In Naperville Law Firms

If you ever find yourself in a situation in which you need legal assistance, choosing the right law firm is of utmost importance. In order to help you choose the best law firm to represent you, we will discuss three things to look for in Naperville law firms.   #1 – Experience When choosing a Read More