Can I back out of a recorded verbal agreement to purchase shares of restricted stock? and if so, how?

Without knowing all the facts, I suggest contacting the Illinois Securities Department....

I am starting my own website business in Illinois. Can I write my own operating agreement? (See Details Please)

In my opinion you may be better off using a free template than using a lawyer who is charging only $750 for the operating agreement. Most likely,...

Temporary “ Share holding” Agreement due to a conflict of interest

This is definitely a very delicate situation. You'll want to make sure you do not violate the "confidentiality" (non-compete?) agreement. But you...

I want to form an LLC but the name I want is used by a CORP but the status is "Not in Good Standing" How long till its dissolve

The Corporation may never be dissolved. The people may just pay the fees and get it reinstated. Further, even if it is administratively dissolved,...

How does a business owner prove to an online website that it in fact does legally own a business?

I assume you are operating the website and wanting to make sure that the people you're registering actually provide the services? As to ownership...

Can non-compete agreements be transferred to a new company when selling an entire division?

If the contract right was sold and Illinois law applies, the answer is generally yes.. Its often done in M&A deals where the buyer wants the same...

If I am married now currently & buy a business in Illinois. What can I do to protect the company, it's assets if I get divorced?

It may depend on whether the property that is going into the business is premarital or post as well as a number of other issues. The general...

Can non-compete clauses be enforced?

This is not legal advice as I haven't seen the agreement; but all non-competes in Illinois need to be reasonable.... to my knowledge this would be...

Generally speaking, just call the Illinois Secretary of State - business services section - find out the full amount due (they will be happy to...

Generally speaking, the statutes appear to allow this provided it has been more than 3 years since the dissolution - see section 12.43 of the...

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