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 [...]

2020-06-03T16:32:39-05:00January 18th, 2019|Employers, Small Business Law|

Creating Employee Handbooks- Some Dos and Don’ts

What is an Employee Handbook, and do I need one? No, Illinois employers are not legally required to create an Employee Handbook. Creating a handbook might be an expensive and drawn-out procedure that isn’t really necessary, especially in small companies. However, there are some benefits to creating one.   Why would I want to create an Employee Handbook? There [...]

2020-06-04T13:02:52-05:00December 6th, 2013|Contracts/Documents, Employers, Small Business Law|

Multiple Businesses? Can an LLC Own an LLC or Multiple LLC’s?

Yes. In Illinois, it is possible to create a Series LLC. A Series LLC allows a business owner to create multiple LLC’s with separate liabilities without having to individually register and pay for each LLC. Benefits of a Series LLC There are many benefits to creating a Series LLC. A business owner who offers multiple services could divide each [...]

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