A.I. & Business – The Legal Landscape

By |September 19th, 2019|

Marvin Minsky, credited as a founding father of Artificial Intelligence (“AI”), died at the age of 88 on January 24, 2016. The cause of death – a cerebral hemorrhage. Interestingly enough, Minsky compared the human brain to a machine whose functioning could be studied and digitally replicated. He believed that this replication would help humans […]

Recreational Cannabis: Quick Facts for Employers

By |September 19th, 2019|

The Cannabis Regulations and Tax Act (the “Act”), legalizing the recreational use of cannabis in Illinois, was signed into law on June 25, 2019. The Act details the rights, restrictions, and obligations related to 1) an individuals’ use of cannabis; 2) a business’ commercialization of cannabis; and 3) an employers’ ability to regulate cannabis in […]

SEC Sues Kik Over $100mm ICO

By |June 20th, 2019|

If you’ve been following the evolution of cryptocurrency and digital assets, then you understand (or can at least appreciate) the mass confusion that “half-in/half-out” government regulations have created. No greater is this confusion and grey area than in relation to ICOs.

An ICO is a capital-raising tool similar to an IPO […]

Trade Missions: 3 Tips to Yielding a Positive Return on Investment

By |June 20th, 2019|

Trade Missions are international trips organized by government entities or private groups for the purpose of allowing the mission’s participants (typically companies & investors) to explore foreign business opportunities. A primary trade mission benefit is that it provides a risk-free, streamlined opportunity for companies to assess and explore international business expansion and investment. By […]

New Sales Tax Laws for Online Businesses

By |October 30th, 2018|

On June 21, 2018, the Supreme Court overturned the Quill Corp. v. North Dakota physical-presence standard in favor of an economic standard impacting businesses’ requirement to collect sales tax any of the states.  Previously, a state could only require a business to collect sales tax if the business had a physical presence such as an office, distribution […]

8 New Changes To The Illinois Limited Liability Company Act

By |June 21st, 2017|

In the spring of 2016 the Illinois House and Senate passed the HB4361, which was signed into law on July 28, 2016, by Governor Bruce Rauner. This bill, which becomes effective July 1st, brings about sweeping changes to the Illinois Limited Liability Company Act, and brings Illinois more in-line with the Uniform Limited Liability Company Act […]

Should You Register A Trademark Internationally?

By |March 7th, 2017|

While you may have trademark protection in the United States, you may not have it abroad. Protecting your trademark in the international market is important if you offer your products or services (service marks) in international forums. This helps protect and enforce your trademark in the international market place. After all, if you have worked […]

Changes to the Illinois LLC Act: What You Need to Know

By |December 8th, 2016|

When incorporating a business, many owners will structure their entity as a limited liability company, commonly known as a LLC. Limited liability companies are often less complex than other corporate entities, while offering more flexibility, favorable tax benefits and legal protection for personal assets. The Illinois LLC Act governs all limited liability companies within the […]

Corporate Formation 101: Paperwork & Filing

By |December 1st, 2016|

When establishing a new business, one of the many things you’ll need to consider is how you want to structure your new entity. You may decide to incorporate, form a partnership, sole proprietorship or limited liability company. Forming a corporation means your business will operate as its own entity. If you decide to incorporate, the […]

How to Avoid Wrongful Termination Lawsuits

By |November 23rd, 2016|

You hire a contractor to complete an office space renovation, but the work is taking longer than anticipated and has surpassed the completion date outlined in your contract. Your staff is displaced, but you are still locked into the contract with the original vendor. It is time to enact the termination clause.

There are several reasons […]

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