Majdel Sami Musa's Answers

Under IL contract law is there a grace period for backing out of a car purchase and sale agreement

There is no Illinois "contract law" per se, it depends on what your contract states. Does it give you the right to rescind? If not, you may be out of luck. Why are you backing out? Is the car defective? If so, you may be protected by Lemon Laws. Contact an attorney who handles such issues if that is the case. There is a common misconception that you have a 3 day right to cancel all contracts, but that simply isn't true. There are several Illinois statutes that allow for a 3 day right to...

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Started ticket broker business in IL, want to move to AZ what procedures are involved in moving business

You can dissolve your Illinois LLC and establish an entity in Arizona. You will have to find an AZ licensed attorney to do so. Technically though, you are supposed to register your entity as a foreign corporation in all the states in which you do business, which also costs money. You may still have to pay sales tax in those states, but most likely at a lesser percentage. Consult with an attorney and an accountant to get a definitive answer.