High Hopes for Cannabis in Illinois

With recreational marijuana on the cusp of legalization, businesses across Illinois could see a vast marketplace suddenly accessible. A recreational marijuana legalization bill was recently introduced in the Illinois legislature. The proposed bill puts small businesses in an especially advantageous position, promoting “craft growers” and banning large-scale operations. Without a corporate presence dominating the field, local cultivators and retailers [...]

Annual Meetings And How To Conduct Them

What is an annual meeting? Every year, corporations gather together all their shareholders to talk about the state of the company. This is an annual meeting. It’s also called the “general meeting” or the “shareholder’s meeting.”   Are all businesses required to hold an annual meeting? It depends. LLCs only need to hold one if required in the company’s [...]

2019-03-05T10:29:23-05:00January 18th, 2019|Employers, Small Business Law|

New Year, New Laws! Legal Changes for Businesses in 2019

Happy New Year! With the changing of the calendar come changes in the legal code. As of January 1, 2019, more than 180 new laws became active in Illinois, many of which impact small business owners in some way or another. You can find the entire list of new laws here, but we’ve highlighted several that affect small business [...]

2019-03-05T10:28:52-05:00January 3rd, 2019|Employers, Small Business Law|

Holly-Day Spirit: The Evergreen Business of Chicago’s Seasonal Christmas Tree Lots

Hey y’all, it’s Ian! Since I started as G & G Law’s Executive Legal Assistant, I’ve taken more notice of small businesses and their owners. Interacting with enthusiastic entrepreneurs on the daily will do that, I suppose, and what excites me most about our clients are their stories. Every enterprise is an extension of its founder; knowing the owner’s [...]

2019-02-21T10:10:59-05:00December 20th, 2018|Business Entity Selection/Formation, Employers, Startups|

Entrepreneurs Catch A Break: City Offers A Discount On Business Licensing

#ChiSmallBiz   Most businesses in Chicago require a license from the city in order to operate, and the fees associated with this process can be expensive. In an attempt to alleviate this financial burden on entrepreneurs the Small Business Center of Chicago is offering a 2 year Business License for $125 (regularly the price for a 1 year license). [...]