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What’s the status of the FTC non-compete ban, and what does this mean for Illinois businesses?
By Theodore M. McGinn and Joshua S. Brill October 3, 2024
Non-compete and non-solicitation agreements have been utilized by business owners for decades. The practice was recently challenged by the Federal Trade Commission in an action that generated several court cases. Lavelle Law Managing Partner Ted McGinn and Associate Joshua Brill discuss the purpose of the agreements, enforceability, the recent FTC action, and the outcome of several court challenges.
Providing opportunities to increase tax-deferred retirement contributions.
By Kerry M. Lavelle and guest Steve A. Schoenbrun September 19, 2024
Owners of closely held businesses can learn about deferred compensation plans that provide opportunities to increase their tax-deferred retirement contributions. Steven A. Schoenbrun of Midwest Benefit Consultants, Ltd. discusses different plans that are IRS-approved and provide owners with the chance to increase their contributions. Attorney Kerry Lavelle adds insight into how these plans can be of benefit to owners and executives.
Sarah Reusché was a guest on the Daily Influence podcast.
By Sarah J. Reusche July 15, 2024
Lavelle Law attorney Sarah Reusche sat down with the host of the Daily Influence podcast, Greg Koleno, and shared her inspiring journey from participating in youth mission trips to becoming a dedicated legal advocate. Sarah discusses how her early experiences in mission work opened her eyes to the challenges faced by others and fueled her passion for making a positive impact. She reveals her strategies for maintaining positivity, the importance of scheduling meaningful connections, and the role of kindness and mentorship in creating supportive communities and workplaces.
A discussion re. auto & equipment dealers & the unique set of laws under which they must operate.
By Sarah J. Reusché June 27, 2024
There are a number of unique legal characteristics to launching and operating a dealership for automobiles or construction, landscaping, and agricultural equipment. Attorney Sarah Reusché recently launched a new Dealership Law practice group at Lavelle Law. She discusses the legal complexities of securing and starting a dealership and takes a look at the unique operating requirements and compliance and reporting needs for dealers.
A review of the legal aspects of owning any medical services provider in Illinois.
By Theodore M. McGinn and Eso H. Akunne June 27, 2024
Any medical service provider in Illinois, including many spas, must be physician-owned under the corporate practice of medicine doctrine. In this discussion. Ted McGinn, Managing Partner at Lavelle Law, and Eso Akunne, Associate at Lavelle Law, discuss the law, fee splitting, management services organizations, and other aspects impacting the operation of any medical services facility in the state.
New legislation is changing how realtor commission is paid in a home sale.
By Kelly A. Anderson May 31, 2024
Laws have been introduced in a number of states in response to various lawsuits regarding transparency in real estate broker commissions. Lavelle Law Shareholder Kelly Anderson and Realtor Cathy Betourne discuss the implications for buyers, sellers, realtors, and on the closing process.
Great advice on what to expect on your final walkthrough.
By Chance W. Badertscher April 22, 2024
Lavelle Law real estate attorney, Chance Badertscher, recently participated in a Straight Up Chicago Investor Podcast and shared his expertise on what to expect on the final walkthrough before your real estate closing. He breaks it down and shares tips for both the buyer and the seller.
An essential part of a good contract is often overlooked. Learn about fee shifting provisions.
By Joseph O. Upchurch and MaryAllison Mahacek April 18, 2024
Between the state of Illinois and federal courts, there are well over 200 statutes which deal with fee shifting provisions. They lay out ways in which legal fees may become the responsibility of one party in a lawsuit. Lavelle Law Associates Jodie Upchurch and MaryAllison Mahacek discuss ways that these provisions should be included in contracts and how they can be used advantageously.
Listen to this podcast if you are considering setting up a medical spa in Illinois.
By Eso H. Akunne March 25, 2024
Businesses classified as medical spas have a variety of special considerations that must be adhered to in the state of Illinois. In this discussion, Lavelle Law attorney Eso Akunne discusses critical issues that must be met to operate with state laws.
Learn about the new federal law, the Corporate Transparency Act, and its reporting requirements.
By Frank J. Portera March 7, 2024
Beginning January 1, 2024, most businesses in the U.S. are required to comply with the Corporate Transparency Act. In this podcast, Lavelle Law attorney Frank Portera shares important details about the new Act and how it impacts businesses. He will cover the scope of the Act, deadlines, requirements, and penalties. If you own even a portion of a business, this is an important topic for you to learn about.
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