Owning a business is no cakewalk and, as with most facets of modern life, being a woman makes it harder. From the gender pay gap to the lack of maternity leave to discrimination and harassment in the workplace, the barriers facing professional women are well-documented. If they fall into other underrepresented communities – women of color, queer women, disabled [...]
On July 31st, 2019, Governor J.B. Pritzker signed into law House Bill 2462, an amendment to the Equal Pay Act of 2003. Previously passed through the legislature in 2017 and 2018, it was struck down both times by previous Gov. Rauner. The bill introduces provisions which prevent an employer from discriminating against job applicants based on their previous wage [...]
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 [...]
UPDATE On May 23rd, the Illinois Supreme Court filed its opinion in LMP Service, Inc. v. City of Chicago, ruling in the City's favor and upholding the constitutionality of the provisions in question: A ban prohibiting food trucks from operating within 200 ft of a brick-and-mortar restaurant (challenged on the grounds that it unfairly favors brick-and-mortar restaurants) A requirement [...]
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 [...]
