Food Trucks: How to Become a Licensed Chicago Mobile Food Vendor

Illinois law has changed since this post was published. Read full and accurate details here.   If you are thinking about starting up a Mobile Food Vendor business, there are several things you should know about what is legally required. Type of Business First, as a general business matter, it is always a good idea to talk to a [...]

Contractors Contract: Why is it Necessary to Require Independent Contractors to Sign a Contract?

If you run a small business that hires 1099 contractors, also known as independent contractors, it is vital that you have them sign an independent contractor contract. This is because there is a significant gray area between who is classified as an independent contractor and who is classified as an employee. Contractors vs. Employees If you’re not careful, a [...]

2020-06-04T13:19:32-05:00August 3rd, 2012|Independent contractors, Small Business Law|

What is an LLC?

An LLC (Limited Liability Company) is a business entity that shares characteristics with both partnerships and corporations.  The owners of an LLC are called “members.” Like a partnership, an LLC is a flow-through entity that allows its members to enjoy pass-through income taxation.  In other words, the income of the entity is regarded as the income of the members.  [...]

2020-06-04T15:24:32-05:00January 6th, 2012|Small Business Law|
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