NEWS

Join us on November 20 for an insightful Breakfast Briefs seminar focused on essential strategies to protect your business as we approach the end of the year and plan for 2025. This session will cover the importance of developing robust non-compete agreements, safeguarding trade secrets, and understanding temporary restraining orders (TROs) and injunctive relief.

Join Lavelle Law Attorneys Frank Portera and Sarah Reusché on October 30 as they participate in BREAKFAST, BENEFITS & BUSINESS BEST PRACTICES.

Lavelle Law represented an owner of a home health care agency, for the sale of their equity to a private equity firm. The agency provided home health and home care services to patients throughout the greater Chicagoland area.

Each year, it becomes more challenging for the Schaumburg Township Food Pantry to meet the needs of the community. Inflation and the rising cost of groceries and rent have pushed more families to rely on the services the food pantry provides. The pantry currently serves more than 1,100 families per month. The demand has grown substantially since 2022.

Shareholder Steven Migala provided expert witness testimony to a Taft Stettinius & Hollister LLP trial team, assisting them to obtain a jury verdict in Cook County for its client, Michael Eggum, who sued his former restaurant business co-owner Ryan Kowalis for fraud and breach of fiduciary duty regarding Eggum’s investments in the restaurant co-owned by Kowalis. The evidence at trial included Mr. Migala’s expert opinion/report and testimony concerning the interpretation of key contract documents.

On August 20, 2024, the court granted summary judgment for the plaintiff and issued this order setting aside the FTC’s ban on non-compete agreements and ordered that the Rule shall not be enforced or otherwise take effect on September 4, 2024. This means employers will not be required to void employee’s existing non-competes covered by the Rule, and are no longer required to send employees notices regarding the status of any non-competes.

Our client faced significant federal tax liabilities stemming from a failed family business venture. The situation worsened when he discovered that his passport had been frozen due to an outstanding balance of over $100,000 owed to the IRS. This freeze came at a particularly challenging time, as he wished to visit a sick grandparent in Europe. Our office acted quickly to negotiate an Installment Agreement with the IRS, resulting in the release of the client’s passport, and restoring his ability to travel.

Have you ever wanted to start your own business but are unsure how to organize it? If so, then this seminar is for you. We will discuss the organizational steps you should consider when forming your new venture. Tips for selecting the appropriate form of entity will be provided, including a discussion of the income tax consequences flowing from each choice. We will also highlight the organizational documents needed for each entity type, with a focus on the importance of shareholder and operating agreements. There will be time for you to ask questions of our panel. The seminar will conclude with a special package offer to attendees for our services.

Deadline approaches to file new mandatory report with the Treasury Department.