Yesterday, Bruce Rauner signed a law reducing the filing fees for most Illinois Limited Liability Company paperwork. Illinois Secretary of State Jesse White announced that the law would go into effect immediately, stating “This is a business-friendly law that significantly reduces the cost of forming and maintaining a Limited Liability Company in Illinois”. (Read the full announcement here). This [...]
Starting up a new business can be very exciting! You get to plan where you want your business to be located, what you want it to look like, what you want to name it, and make other fun decisions. Then there are the steps that you take because it’s part of running a business. When starting a new business, [...]
A note on this post: this blog post is part of our series "Non-Compete Agreements: When are they valid, and when can the new employer be sued for an employee breach?" In this post we discuss what damages and remedies can be granted to an employer when their former employee breaches a non-compete agreement by working for a competitor. [...]
A note on this post: this blog post is part of our series, "Non-Compete Agreements: When are they valid, and when can the new employer be sued for an employee breach?" In this post we will discuss what new employers can do to avoid liability for employees breaching non-compete agreements with former employers. To learn what kind of damages [...]
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 [...]