Articles on business advice and financial planning

Employment Law: Important Changes for Employee Handbooks By Alan M. Kaplan Business Advice and Financial Planning, March 2024 Lawyers representing businesses need to know the latest laws regarding the wording of policies in employee handbooks and policy directives issued by their clients.

Time to Review Your Severance Arrangements and Settlement Agreements By Alan M. Kaplan Business Advice and Financial Planning, June 2023 A summary and analysis fo the recent National Labor Relations Board decision McLaren Macomb.

New Illinois Supreme Court Decisions Clarify Biometric Information Privacy Act By William A. Price Business Advice and Financial Planning, May 2023 Two recent Illinois Supreme Court decisions have clarified the statute of limitations and the actionable number of violations for suits under the Illinois Biometric Information Privacy Act

Expansion of Private Equity Into the Accounting Industry: Some Considerations When Representing the Seller By David , Jr. and C. A. Johnson, Jr. & Douglas Murray Business Advice and Financial Planning, December 2022 The uptick in private equity firms looking to acquire accounting firms may create uncertainty among potential targets.

Practitioner Notes: Bank Insulates Itself From Liability in Check Scam By Paul J. Richards Business Advice and Financial Planning, December 2022 With cyber crime on the rise, old fashioned check forgery schemes tend to get overlooked by many practitioners. However, such schemes can be disastrous for the typical small business client.

Five Things Transaction Lawyers Should Do to Help Improve Closing Rates for Sales of Companies By Tom Goldblatt Business Advice and Financial Planning, October 2022 Five recommendations for transaction lawyers to consider that will improve the rate of deal closings.

Using Series Limited Liability Companies By William Price Business Advice and Financial Planning, October 2022 An overview of common deal structures that may be encountered in Illinois series LLCs.

Structuring an LLC operating agreement By Herbert J. Klein Business Advice and Financial Planning, November 2002 Limited liability companies (LLC) have become a popular choice for entity selection.

Editor’s column Business Advice and Financial Planning, June 2002 A "Word of Tribute" is misleading, for words of praise should be showered on the former editor of this newsletter, Professor Malcom L. Morris.

Moving day: a lawyer’s reflections on the past, present, and future By Michael H. Erde & MaryAnne Erde Spinner Business Advice and Financial Planning, June 2002 As chair of the Business Advice and Financial Planning Subcommittee of the Illinois State Bar Association, I would first like to thank Gene Peterson for the great job he did in directing the committee.

UCITA is coming! UCITA is coming! (One if by land, two if by C) By Eugene F. Friedman Business Advice and Financial Planning, June 2002 The Illinois General Assembly has recently witnessed the introduction of the Uniform Computer Information Transfer Act (UCITA), 1999 Illinois Senate Bill 1309.

Recent concern regarding cyber-fraud and its impact on businesses By Ethel Spyratos Business and Securities Law, May 2002 Information technology pervades many aspects of our daily lives. We use it to ship goods, pay bills, buy consumer goods, communicate and receive water and electricity at our homes

From the editor Business and Securities Law, February 2002 This edition of the newsletter has several interesting articles, including one that discusses the recent case of Gallagher v. Abbott Laboratories et al, 269 F.3d 806 (7th Circuit 2001).

Seventh Circuit decision discusses “deferral” of information as violation of 10b-5 By Howard Z. Gopman Business and Securities Law, February 2002 In Gallagher v. Abbott Laboratories et al, 269 F.3d 806 (7th Circuit 2001), the court discussed the duty to disclose bad news in light of section 10(b) and Rule 10b-5 under the Securities Exchange Act of 1934. See 15 U.S.C.A. § 78j(b); 17 C.F.R. § 240.10b-5.

Business Advice and Financial Planning Section Council minutes Business Advice and Financial Planning, June 2001 Minutes of September 16, 2000. On the motion of David Sosin and the second of Ron Nelson the minutes were unanimously approved.

Dealing with our “snowbird clients” By Ronald J. Nelson Business Advice and Financial Planning, June 2001 Many of our "snowbird clients" have now returned from the sunny climate of Florida where they have spent the winter and early spring months, and many of these clients will no doubt bring questions to use, as Illinois practitioners, about their estates, and whether any steps need to be taken in the event they decide to relocate to, or spend more time in, Florida.

Editor’s column Business Advice and Financial Planning, June 2001 Even though you may be reading this is in July, this is our fifth and last newsletter of the 2000-2001 fiscal year.

From the editor Business and Securities Law, June 2001 This is the last edition of the newsletter for the current year, and it has several articles that should be of interest to the readers.

Lifetime settlements on life insurance policies By Tom Hansen Business Advice and Financial Planning, June 2001 More than one out of five life policies insuring a senior citizen (65 years or older) have a fair market value that exceeds the policy's cash surrender value.

Some final thoughts Business Advice and Financial Planning, June 2001 As noted in the Chair's column, this is my final edition as editor of The Counselor.

Tax increment financing (TIF): a worthwhile program By Kathleen Field Orr Business Advice and Financial Planning, June 2001 The term "TIF" (tax increment financing) has become a buzz word in the area of economic development and often is believed to be a give-away program to major businesses to add to their already overflowing coffers.

View from the chair By Gene A. Petersen Business Advice and Financial Planning, June 2001 This will be my final column as chair of the section council. While my goals for the year were somewhat optimistic, we were able to accomplish many things.

Collegium 2001 fact pattern Business Advice and Financial Planning, April 2001 Bob Honig and Bill Gray have spent more than 30 years building a reputation in Wheaton, Illinois as professional Realtors and property managers.

Editor’s column Business Advice and Financial Planning, April 2001 Hard as it is to believe, thankfully the winter finally has come to an end. Before long we will be swapping winter tales of shoveling snow and fighting the cold at the Annual Meeting.

Piercing the corporate veil By Patrick F. Daly Business Advice and Financial Planning, April 2001 In The People of the State of Illinois v. V & M Industries, 233 Ill.Dec. 218, 700 N.E.2d 746 (Ill. App. 5th Dist. 1998) the appellate court listed factors to be considered in determining when to "pierce the corporate veil."

View from the chair By Gene A. Petersen Business Advice and Financial Planning, April 2001 As I mentioned in the last edition of our newsletter, the Council's Collegium was held in Chicago on March 3 and in Springfield on March 17.

Calling all government attorneys Business Advice and Financial Planning, February 2001 The ISBA's Standing Committee on Government Lawyers wants to include you in its constituency.

Editor’s column Business Advice and Financial Planning, February 2001 Hopefully, each of you are off to a good new year

Planning for higher education expenses By Christie S. Kennett Business Advice and Financial Planning, February 2001 Although early planning is ideal when it comes to saving for college expenses, there are additional tax breaks available to taxpayers which may help reduce the burden of paying college expens

Protecting clients who care for an aged parent: the shifting burden of proof for fiduciaries By James M. Lestikow Business Advice and Financial Planning, February 2001 The baby-boomers are now becoming caretakers for their aging parents.

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