Resources
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The Illinois Freedom to Work Act: New Illinois Law Outlaws Non-Compete Agreements With Low-Wage Employees
Illinois law governing restrictive covenants in employment agreements has undergone a number of changes in the past few years. The latest development is the Illinois Freedom to Work Act, which prohibits employers from entering into non-compete agreements with low-wage employees.
A Court Victory: This is How SFBBG Takes Care of Its Clients
After more than five years of litigation, Firm partner, Norm Finkel, successfully resolved a noteworthy case stemming from the 2008 financial collapse, in which Buffalo Grove-based American Enterprise Bank sought a $60 million recovery against Arnold Becker, its former chairman.
Selling a Company to its Employees
Business owners planning for retirement generally contemplate either the sale of the business to a third party or a transferof ownership to family members, but another option may be to sell the business to company employees. There are several techniques and issues to consider when planning this type of sale.
Employment Discrimination Claims Get Easier to Prove
Over the past several years, it has be-come increasingly difficult to determine what types of evidence are needed for an employee or ex-employee to have a viable discrimination claim.
Gifting Stock to Children Through Trusts
Question: I plan to give stock of my corporation to my child. Since my child is an adult, is there any reason I should not make an outright gift?
Who’s to blame for a cranky judge? Check out weekend football scores
Coming out on the short end of an important ruling by a trial court, lawyers, like normal people, often reach for an excuse. The sting of losing is perhaps most often soothed by finding fault with the judge.
The Credit Check Trap For Illinois Employers
It is routine for employers to perform background checks on potential new employees before extending a job offer. After all, applicants are not always accurate about their past, and a bad hire can substantially damage a business — both financially and through a loss of goodwill.
Tax Aspects of Purchasing and Selling Independent Sales Representative Organizations
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Add out-of-state plates to latest bias act
The annals of Section 1983 litigation are filled with claims of constitutional rights violations by authorities due to plaintiffs’ race, religion or national origin. Far less litigation centers on state origin. As in police searching a car because it has out-of-state tags or because its driver hails from another state. Yet, this is what brought Peter Vasquez into court.
Deferring Income Taxes With Phantom Stock
Question: I want to issue shares of stock of my corporation to a loyal employee but my accountant says it would be too expensive from a tax perspective. Can you explain?