News & Articles

New Illinois Laws & Legislation (2018)

In August, Governor Rauner vetoed legislation that would have applied many workplace anti-discrimination requirements to businesses with only one or more employees. The current law applies these anti-discrimination requirements to businesses with 15 or more employees, which is the same requirement applied federally as well. A new Illinois law requires the Illinois State Toll Highway

City Program Supports Local Businesses on the South / West Sides

Businesses located on Chicago’s South and West Sides will soon receive another round of grants from a program that sets aside millions in fees from the City’s flourishing downtown building development. The program, called the Neighborhood Opportunity Fund (“Fund”), was started in 2016 by Mayor Emmanuel. As part of the program, Emmanuel first expanded the

Could Your Private Business Benefit from a Board of Directors?

While normally associated with large publicly-traded businesses, instituting a board of directors could significantly help your private or family-owned business achieve and maintain success. While “fiduciary boards” have a responsibility to protect and act on behalf of the shareholders for publicly-traded businesses, “advisory boards” evaluate business opportunities and provide non-binding advice to management for private-held

Non-Compete Clauses: Worthless if Overly Broad

A recent federal case in Chicago highlights the importance of drafting specific non-compete clauses that fully comply with Illinois law (or the law of any applicable state). In order to protect themselves, most business owners require their employees to sign non-compete clauses to prevent client-poaching by former employees. Unfortunately many of those clauses become worthless

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