Small to midsize businesses often do not have legal teams to advise them on the types of insurance coverage they need to protect their businesses. They rely upon the broker to assess their needs without fully understanding what an insurance policy is. Below are some insurance coverage basics for both the novice and a refresher […]
Business Services
Businesses Face Criminal Penalties Yet Gain Protection Under Illinois Mask Rules
On August 11, 2020, Illinois Governor. J.B. Pritzker was successful in a second attempt to criminalize business owners who fail to enforce his mask rules. Under Illinois’ new mask rule, local police and prosecutors may impose criminal fines up to $2,500 to enforce his emergency mask order.
Employers Can Be Fined $2,500 For Failure To Enforce Mask Rules
On August 11, 2020, Illinois Governor. J.B. Pritzker was successful in a second attempt to criminalize business owners who fail to enforce his mask rules. Under Illinois’ new mask rule, local police and prosecutors may impose criminal fines up to $2,500 to enforce his emergency mask order.
Preparing for a Data Breach: Tabletop Exercises
Incident response planning, including tabletop exercises, is vital to the data breach preparedness of any organization. Data breaches can have a crippling effect on a business. Although data breaches at large companies dominate the headlines, data breaches occur at small and medium-sized businesses as well.
Small Business Formation Guide: By-laws, Operating Agreements, and Partnership Agreements
When acquaintances or family members decide to go into business together, to save money, they generally forgo formalities that are not legally required. They assume matters can easily be resolved amongst family or friends. However, it is often the case that once a business starts turning a profit or failing, people start looking out for their own interests.
The Ideal Unlimited and Unconditional Guaranty For Small Business Lenders
In commercial lending, obtaining a personal guaranty or corporate guaranty falls under the routine everyday standard best practices of any lender.