Between the state of Illinois and federal courts there are well over 200 statutes which deal with fee shifting provisions. They lay out ways in which legal fees may become the responsibility of one party in a lawsuit. Lavelle Law Associates Jod

Considerations for Starting a Medical Spa in Illinois

27 days ago 16m

Businesses classified as medical spas have a variety of special considerations that must be adhered to in the state of Illinois. In this discussion, Lavelle Law attorney Eso Akunne discusses critical issues that must be met to operate with stat

Corporate Transparency Act

Mar 7th, 2024 15m

Beginning January 1, 2024 most businesses in the U.S. are required to comply with the Corporate Transparency Act. Lavelle Law attorney Frank Portera will share important details about the new Act and how it impacts businesses. He will cover the

Accord and Satisfaction

Dec 19th, 2023 13m

If a business is disputing an amount owed to them from a customer or vendor they need to be careful about accepting and depositing payments that are labeled Payment in Full. Lavelle Law Shareholder Jennifer Tee discusses the legal concept of Ac

The Importance of Employee Handbooks

Oct 3rd, 2023 15m

Lavelle Law Shareholder Lance Ziebell draws on his experience in representing businesses in legal matters as he discusses the importance of having an employee handbook. Lance not only explains why they are important, but what should be included

Trademark Infringement

Aug 3rd, 2023 19m

Lavelle Law Shareholder Matthew Sheahin, an experienced business litigator discusses the importance of establishing trademarks for a business and then details how to effectively use the legal process to defend those trademarks. Matt shares the

ESOPs as a Business Succession Option

Jun 15th, 2023 16m

Employee Stock Ownership Plans are reviewed by Lavelle Law attorneys Steven Migala and David O'Leary, both of whom have extensive experience with this business succession option. ESOPs are a mechanism by which owners can sell their business to

Minimize Taxes with Estate Planning Tools

May 23rd, 2023 14m

Once you pass away, your assets, including any businesses you own, can be passed on to your spouse, children, or anyone else you designate. However, they may be subject to taxes unless you prepare a sound estate plan that uses the right instrum

Financing Options for Home Buyers

Apr 24th, 2023 15m

Mortgage interest rates have more than doubled in the last year causing some buyers to sit out for now while others look for the best way to finance their new home. Lavelle Law Shareholder Kelly Anderson and Sheila DuPaw of Guaranteed Rate disc

Utilizing Estate Planning Tools for the Succession of Family-Owned Businesses 2

Apr 21st, 2023 16m

In part 2 of this discussion, Elizabeth Maine Ellis, a Partner at Lavelle Law, drills down further on the topic of estate planning tools for independently-owned and family-owned businesses. She will look at the topic relative to the life-cycle

Why Your Company Should Have a Shareholder Agreements

Apr 13th, 2023 16m

When people start a business their focus is on the here and now. If a task is not critical path, it over gets overlooked or deferred. Lavelle Law Managing Partner Ted McGinn and Associate Meghan Hartnett discuss the importance of creating a sou

Why Your Company Should Have a Shareholder Agreement

Apr 13th, 2023 16m

When people start a business their focus is on the here and now. If a task is not critical, it often gets overlooked or deferred. Lavelle Law Managing Partner Ted McGinn and Associate Meghan Hartnett discuss the importance of creating a sound s

Utilizing Estate Planning Tools for the Succession of Family-Owned Businesses

Mar 24th, 2023 16m

Estate planning takes on extra importance when running a family-owned business. Lavelle Law Partner Elizabeth Maine Ellis discusses a series of critical elements that families with a business need to consider to protect the legacy they have bui

Illinois Supreme Court Rulings on BIPA

Mar 21st, 2023 16m

The Illinois Biometric Information Privacy Act was enacted several years ago but as often happens with new laws, it is being defined through a series of court cases. Lavelle Law attorney Thomas Fox talks about several of those cases and what th

Can Student Loans be Discharged in Bankruptcy?

Mar 3rd, 2023 15m

Until recently, it was very unlikely that student loan debt could be discharged in a bankruptcy proceeding. Lavelle Law attorney Timothy Hughes discusses a new change to laws that provide an opportunity for some filers to have a clearer path to

Alternative Approaches to Divorce Pt 3

Jan 26th, 2023 24m

This series has focused on alternative approaches to divorce other than the traditional two-attorney courtroom process. Approaches include uncontested divorces, mediation, and collaborative divorce. Following those approaches, our participants

Filing Bankruptcy Due to Tax Debt

Dec 27th, 2022 17m

Lavelle Law Managing Partner Ted McGinn and Shareholder Timothy Hughes wrap up their series on taxes by discussing bankruptcy as an option for eliminating a tax debt. They will explain what requirements need to be met and outline advantages and

Alternative Approaches to Divorce Pt 3

Dec 22nd, 2022 26m

Alternative Approaches to Divorce Part 2 - Parenting

Dec 17th, 2022 23m

In the 2nd installment of the Lavelle Law series on alternative approaches to divorce, attorneys Patti Levinson and Annette Corrigan are joined by licensed marriage and family therapist Amy Wilhelmi to discuss parenting responsibilities during

Tax Series Pt 2 - Tax Debt

Dec 16th, 2022 19m

In part 2 of the Lavelle Law series on taxes, Managing Partner Ted McGinn and Shareholder Timothy Hughes discuss ways to address a tax debt. There are several options available based on the conditions of the debt. Learn more about them in this

Alternative Approaches to Divorce Pt 1

Dec 7th, 2022 23m

Divorce is never an easy process but in some cases it is not contentious. In this first segment of a 3-part series, Lavelle Law attorneys Patti Levinson and Annette Corrigan are joined by marriage and family therapist Amy Wilhelmi to discuss al

The Tax Audit

Dec 6th, 2022 22m

Why are certain individuals or businesses selected to be audited by the IRS? If you receive notification of an audit, how do you proceed? Join Lavelle Law attorneys Ted McGinn and Timothy Hughes as they discuss the audit process in part one of

Buying or Selling a Business - The Closing

Jun 3rd, 2022 18m

In the final installment of our 3-part series on buying or selling a business, we discuss the closing. Lavelle Law Managing Partner Ted McGinn, Bill Germanetti, Principal at Impact Business Coaching, Inc., and David Gronski, President, North Co

Due Diligence

Apr 27th, 2022 17m

When businesses are bought, sold, or merge, a due diligence period allows both parties to review all elements of the entities involved in the transaction. Lavelle Law Managing Partner Ted McGinn and Bill Germanetti, Principal at Impact Business