8 Will Writing Mistakes to Avoid
Mar 23, 2013
Wills are an essential part of a good estate plan. However, with the proliferation of "DIY" wills, it is important to know what not to do when drafting a will. The following are 8 of the more common mi...
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Means of Estate Planning: Wills or Trusts?
Mar 23, 2013
In recent years, living trusts have received some attention as an alternative to wills for passing property upon death. Libraries and bookstores abound with Make Your Own Living Trust books and the w...
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10 Early Steps to Take When Selling a Business
Nov 21, 2012
Small business owners who intend to sell their business need to begin early preparations for that transaction ASAP. Potential sellers should take the following ten steps to help ensure a smooth transa...
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8 Provisions to Understand in Business Purchase Agreements
Nov 11, 2012
Small businesses can be sold in two basic ways: a stock sale or a sale of assets. Each type of sale will be subject to a Purchase Agreement. This guide outlines the major provisions in both agreement...
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Buying a Franchise
Nov 11, 2012
Buying a Franchise
For many people, buying a franchise is just the right blend of entrepreneurship and predictability. They have the opportunity to run their own operation, yet have the guidance and kn...
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Emails as Contracts
Oct 20, 2012
People tend to think of contracts as formal, fully-negotiated documents agreed to and signed by the respective parties.While many contracts do adhere to this formalistic procedure, a contract (even for...
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Comparing LLCs vs. S-Corps
Oct 20, 2012
A common question when establishing a business entity for a small business in Illinois is whether it should be formed as a Limited Liability Company (LLC) or an S Corporation (S-Corp). While S...
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Illinois Business Entities 101
Oct 17, 2012
Introduction
Entrepreneurs who develop great ideas that lead to business opportunities must not only be concerned with the operations, sales, and marketing necessary to bring their prod...
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5 Reasons to NOT Organize as an LLC
Oct 17, 2012
I wrote a recent guide explaining the benefits of LLC formation. While LLCs are a preferred means of entity formation for many new companies, they do have limitations and a corporate structure is the ...
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LLC Formation: 5 Basic Reasons to Organize as an LLC
Oct 14, 2012
LLCs are a popular means of business formation with good reason. While not perfect in all situations, this guide provides the 5 main reasons companies should consider organizing as an LLC. For situat...
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