DGAA bLAWg

Establishing a Sole Proprietorship in Illinois – What Every Business Owner Should Know

Web Admin - Friday, December 15, 2017
Illinois employment law attorneysStarting a business can be a massive undertaking, and it all begins with deciding how you will structure it. For those considering a sole proprietorship, an in-depth understanding of the risks and process is crucial. Learn more, including how an attorney can provide the added protection and experienced assistance that is needed, from the following information.

Is Sole Proprietorship Right for Your Business? 

Before making a final determination on whether a sole proprietorship may be appropriate for your start-up company, consider all the elements of this business structure carefully. For example, one must understand that sole proprietorships are for businesses with only one owner. Partnerships and corporations must register their businesses in other ways. Second, know that there are more liability risks for sole proprietorships. If your business is in a high-risk industry, a sole proprietorship may not be the most appropriate business structure. Alternatively, if your business is at a low risk of experiencing a lawsuit, a sole proprietorship could offer you numerous benefits. 

First, sole proprietorships do not have to legally register as a business with the federal government, and that can save you a substantial amount in the startup of your business. Depending on your situation, the pass-through taxation of sole proprietorships may also serve as a benefit for your budding business. However, this is not always the case. Advice from an experienced attorney and a CPA is highly recommended for those considering this structure for their business. 

A Closer Look at the Risks of Sole Proprietorship

Starting a business is almost always risky, but those starting a sole proprietorship hold all the liability if their company goes under. That means you – the owner – would be liable for any debts that the company incurred. You would also be liable if an employee was injured on the job, or if they filed a legal complaint against your company. Thankfully, it is possible to take preventative action against many of these risks, as well as many others. 

Contact Our Crystal Lake Business Law Attorneys 

Whether you need assistance with deciding which business structure may be most appropriate for your company or want an in-depth analysis of the possible risks your business could face in the future, Drost, Gilbert, Andrew & Apicella, LLC can help. Committed to your best interests, our experienced Crystal Lake business law attorneys take a preventative approach to protecting your company’s financial future. Schedule a personalized consultation to get started. Call our offices at 847-934-6000 today.



Ken ApicellaAbout the Author: Attorney Ken Apicella is a founding partner of DGAA focusing in the areas of personal injury, employment, insurance coverage disputes, and civil litigation. Ken earned his J.D. from DePaul University College of Law in 1999. He has been named a SuperLawyers Rising Star and a Forty Illinois Attorneys Under Forty to Watch. Ken has written and lectured for the Illinois Institute for Continuing Legal Education and regularly serves as a moderator at Northwest Suburban Bar Association's Continuing Legal Education seminars.


Source:

https://www.illinois.gov/dceo/SmallBizAssistance/BeginHere/Pages/StepByStepGuide.aspx



Business Law Basics – What Every Small Business Owner Should Know

Web Admin - Wednesday, April 12, 2017
Schaumburg employment law attorneysWhen small businesses first start, they are often comprised of just one person – the owner – or a small group of similarly invested people. Eventually, though, they grow, and they need to look at adding more people. Once that happens, things start to change. More responsibilities are heaped onto the plates of the owner or partners, and they become liable for issues like workers’ compensation insurance and unemployment tax. Learn more about these small business laws, how they might apply to your company, and where you can find assistance in implementing them.

Fidelity Bonding in Illinois

The Illinois Human Rights’ Act limits what employers can ask about a potential employee’s criminal history, and how they can use the information they do obtain. The purpose of the Act is to provide better job opportunities to individuals with criminal records, but it can also place employers and their businesses at risk. To help mitigate this risk, the Illinois Department of Employment Security offers fidelity bonding – insurance that can protect the company from losses related to larceny, forgery, embezzlement, theft, and other acts of dishonesty. If you are planning to hire employees, you may want to consider this insurance.

The Unemployment Insurance Tax

The state of Illinois mandates that all employers who have at least one employee on at least one day within 20 weeks of a calendar year carry unemployment insurance. Failure to carry this insurance can result in serious consequences. For more information on this requirement and what it means, employers should contact an experienced Illinois business law attorney.

The School Visitation Rights Act

When a company hires someone for a job, they are hiring the entire person – their skills, experience, but also their issues and commitments. There are times this can be a good thing, but it can also seem like a major inconvenience. One prime example is when parents need to leave work or miss a day for parent-teacher conferences, behavioral meetings, or other educational conferences. The law allows a specific amount of time for this, and employers must comply. For more information, contact an experienced business law attorney.

Contact Our Schaumburg Employment Law Attorneys

If your small business needs help to expand, contact Drost, Gilbert, Andrew & Apicella, LLC. Backed by decades of knowledge and experience, we can guide you through the complexities of employment law so that you can maintain compliance. Learn more about how we can assist your company. Call 847-934-6000 and schedule an initial consultation with our Schaumburg employment law attorneys today.


Ken ApicellaAbout the Author: Attorney Ken Apicella is a founding partner of DGAA focusing in the areas of personal injury, employment, insurance coverage disputes, and civil litigation. Ken earned his J.D. from DePaul University College of Law in 1999. He has been named a SuperLawyers Rising Star and a Forty Illinois Attorneys Under Forty to Watch. Ken has written and lectured for the Illinois Institute for Continuing Legal Education and regularly serves as a moderator at Northwest Suburban Bar Association's Continuing Legal Education seminars.


Source:

http://chicago.cbslocal.com/2017/04/14/illinois-employment-law-101/



Recent Posts


Tags

Deer Park personal injury lawyer Illinois living will Mount Prospect wills and trusts lawyers college kids Crystal Lake pet attorney irrevocable trust Illinois wrongful termination lawyer Barrington employment law attorney Illinois employment law firm Schaumburg elder law lawyer privacy Forcible Entry Palatine trusts lawyer car crash criminal law Home Remodeling Repair Act Illinois speeding lawyer Arlington Heights personal injury lawyer Inverness traffic law firm drugs nursing home negligence Arlington Heights pedestrian accidents employment lawyer Schaumburg wrongful death attorney car crashes Deer Park traffic accident attorney hit and run accident fiduciary rule Barrington attorney Arlington Heights criminal lawyer vacation home fines boating under the influence defective products lawyer Rolling Meadows real estate attorney School Visitation Rights Act Palatine workers compensation lawyer Crystal Lake traffic lawyer Des Plaines personal injury lawyers digital assets Arlington Heights trucking lawyer DGAA Illinois job attorney Deer Park DUI lawyer Palatine real estate lawyer Arlington Heights accident attorney creditors Schaumburg insurance lawyers DUI defense rumble strips liability claims estate planning attorney independent contractor controlled substance distracted driving accidents insurance agents Illinois bicycle safety personal injury accidents Long Grove real estate lawyer child safety capital gains tax Rolling Meadows DUI lawyer insurance denial appeals severance agreements BAC unfunded trust Palatine civil litigation lawyer holiday statistics murder Crystal Lake employment law attorney Schaumburg corporate attorney Palatine employment attorney Arlington Heights car crash attorneys Palatine personal injury lawyer Inverness insurance attorney Des Plaines motorcycle accident attorney Rolling Meadows estate planning attorney insurance agent negligence trauma after an accident meal breaks life insurance Rolling Meadows employment law attorneys insurance attorney car collision sexual images Illinois insurance disputes Illinois real estate Crystal Lake pedestrian accident lawyer subcontractor corporate law hands free device insurance adjusters jet ski defective products Rolling Meadows drug defense attorney bicycle accidents Illinois business lawyer wage theft Des Plaines tax law firm Crystal Lake will lawyer trust payments Chicago insurance claim attorneys medical malpractice claims special needs trust Mt Prospect Attorney Crystal Lake accident attorney automated cars Buffalo Grove medical malpractice lawyers criminal Crystal Lake personal injury lawyer Buffalo Grove real estate attorney denied insurance claims Whistleblower Claims Illinois insurance attorney medical marijuana Crystal Lake employment attorney Illinois traffic attorneys Crystal Lake medical malpractice lawyer job lawyers privacy laws breach of contract employment contract, employment law, employment at-will, Deer Park employment law attorneys, contract, marijuana crimes attorney Illinois attorney Illinois employment law attorney Rolling Meadows litigation lawyer fault based insurance Inverness elder law lawyer Illinois workplace lawyer Deer Park motorcycle accident lawyer Chicago insurance law firm Palatine traffic lawyer homestead rights Barrington personal injury lawyer Illinois employment lawyer Palatine Attorney senior citizens trusts medical malpractice, missed diagnosis, delayed diagnosis, medical mistake, Deer Creek medical malpractice lawyers employee rights traffic tickets boating accidents personal injury, auto accident injuries, delayed injuries, serious injuries, Des Plaines personal injury attorneys construction accidents, personal injury, wrongful death, Arlington Heights personal injury attorneys, workers' compensation drug crime Arlington Heights tax lawyer LLCs DMV products liability Inverness corporate attorney filing a medical malpractice claim liens Illinois insurance claim attorney Illinois personal injury lawyers car accident civil rights violation Class A misdemeanor Illinois injury lawyer new real estate form cell phone tower data speeding Rolling Meadows criminal attorney insurance dispute, insurance dispute lawyers, insurance claim denial, insurance claim delays, Rolling Meadows insurance dispute attorneys Arlington Heights medical malpractice lawyer Arlington Heights insurance attorney accidental death benefits Rolling Meadows business lawyer food poisoning Kenilworth estate planning lawyer Rolling Meadows probate lawyer Illinois medical malpractice lawyers spinal cord injuries insurance negligence commercial leases deed transfer traffic violations defense life insurance lawyer Palatine injury attorney rollover car crashes Crystal Lake bike accident lawyer natural gas condo hiring employees loopholes pedestrian injuries, pedestrian fatality federal crimes Illinois medical malpractice attorney Schaumburg medical malpractice lawyer Des Plaines injury law firm Des Plaines claims law firm right to work spinal cord injury car crash injuries Inverness DUI lawyer Illinois Human Rights Act Barrington boating accident attorney wrongful termination foreclosure anesthesia errors mortgage life insurance claims Des Plaines Traffic Lawyer Palatine corporate attorney insurance dispute Palatine corporate law attorneys fatal car accidents Arlington Heights wills and trusts lawyers insurance claim Crystal Lake civil litigation lawyer pain and suffering Rolling Meadows insurance dispute lawyers real estate leasing Arlington Heights injury attorney Barrington business law firm auto accidents Schaumburg estate attorney murder defense Illinois traffic accident lawyer IRELA commercial leasing murder charges crossover accidents Buffalo Grove employment lawyer Long Grove estate planning attorneys Rolling Meadows car accident lawyers Des Plaines real estate attorney Rolling Meadows medical malpractice lawyers modern family estate planning comparative negligence Inverness civil lawyer Deer Park accident attorney low-ball insurance settlement Inverness accident lawyer pizza emoji llinois Real Estate Lawyers Association Barrington medical malpractice lawyers Chicago will attorney, social media platforms, Illinois estate planning lawyer, Rolling Meadows marijuana attorney Schaumburg car accident attorney Des Plaines collections attorney loss of consortium Illinois probate lawyer Palatine insurance lawyer Illinois rollover accident lawyers wills and trusts estate planning for college students Arlington Heights employment attorney Buffalo Grove traffic lawyers estate planning pay when paid contract underinsured motorist employment law, meal breaks, rest breaks, hotel employees, Des Plaines employment law attorneys marijuana traumatic brain injury Des Plaines civil attorney Palatine elder law attorney Inverness estate planning lawyer Barrington employment law firm rollover accidents Thanksgiving Des Plaines personal injury lawyer workers compensation benefits Landlord Tenant Ordinance Barrington Traffic Lawyer Palatine punch death golf accidents Palatine traffic accidents Schaumburg personal injury lawyer Transfer on Death Instrument Illinois insurance claim dispute lawyers bad faith insurance claims insurance claim denials Arlington Heights lawyer consent to a search manufacturing Buffalo Grove personal injury attorney Retaliatory Discharge Illinois will lawyer no contest clauses Schaumburg drug defense lawyer blended families power of attorney for healthcare Illinois defective products attorney insurance claim dispute unpaid assessment appealing an insurance claim problem employees mass shooting Des Plaines personal injury attorney institutional trustee insurance denials rest breaks Crystal Lake medical malpractice law firm Chicago will attorney traffic deaths estate planning, death tax, succession plans, business estate plans, Barrington estate planning lawyers installment contracts Illinois medical malpractice case Arlington Heights Traffic Lawyer Rolling Meadows PTSD Chicago car accident lawyer Chicago biking tips Illinois criminal defense attorney Illinois red light cameras Inverness probate lawyer Illinois Smoke Detector Act estate planning, digital assets, Revised Uniform Fiduciary Access to Digital Assets Act, Illinois digital assets, Illinois estate planning, power of attorney insurance dispute attorney Illinois medical malpractice claim Illinois insurance dispute lawyers Illinois real estate lawyer Illinois trucking safety Schaumburg personal injury attorney Arlington Heights TBI attorney pedestrian-automobile accident texting while driving caregiver Deer Park traffic lawyer employee discrimination license revocation Deer Park medical malpractice attorney Kenilworth estate planning attorneys Des Plaines real estate lawyer real estate zoning traffic laws motorcycle accident lawyer Crystal Lake injury attorney Schaumburg personal injury lawyers digital evidence civil litigation attorney cell phone accidents Crystal Lake traffic attorney reckless homicide Schaumburg Barrington criminal defense lawyer Illinois Sales Representative Act Schaumburg employment law attorneys Buffalo Grove corporate attorney real estate closing living trust benefits Des Plaines Illinois Probate Act of 1975 Rolling Meadows traffic law firm BAIID Illinois Workers’ Compensation Commission TBI IRA benefits Barrington personal injury attorney DUI Barrington real estate lawyer probate claims process Barrington civil litigation attorney Palatine construction attorney foreclosed rental property Palatine law firm home inspection lawyer traffic crimes Rolling Meadows insurance lawyer car accident lawyers Employment Discrimination Law workplace sexual harassment insurance claim delay Detainer Actions dynasty trusts employment law, Illinois employment laws dog bites dram shop law workers comp South Barrington real estate lawyer medical research Buffalo Grove car accident lawyer expungement Crystal lake insurance dispute attorney truck collisions Arlington Heights car accident lawyer Arlington Heights traffic attorney construction accidents IRS estate attorney denied insurance claim Deer Park employment law attorney Crystal Lake personal injury attorney civil litigation personal injury attorney DNR Self-Directed IRA Accounts employment contract employees revenge porn Deer Park workers compensation lawyer Illinois insurance claim dispute lawyer Exclusions Des Plaines drug lawyer head on collisions Illinois pet lawyer Chicago estate planning lawyer advance healthcare directive Illinois Wage Payment and Collection Act ken apicella whistleblower protections preventable medical errors POA drug possession drunk driving insurance disputes natural gas explosion small business Kenilworth estate planning attorney living trust Chicago employment attorney Affordable Care Act Illinois employment attorneys Arlington Heights wills and trusts attorney Barrington litigation attorney Schaumburg injury lawyer disability benefits DUI attorney Arlington Heights wills and trusts lawyer employment attorney Rolling Meadows insurance dispute lawyers, insurance dispute Chicago trucking accident attorney life insurance policy Attorney Ken Apicella clemency surgical mistakes insurance disputes, Illinois insurance disputes, Illinois insurance dispute attorneys, denied insurance claims, Arlington Heights insurance dispute attorneys Illinois estate planning attorney insurance claim denial Barrington estate planning lawyer forming a corporation in Illinois sexual harassment traumatic brain injuries medication errors Illinois workplace discrimination attorney cell phone minimum wage Illinois pedestrian accident attorney personal injury trustee involuntary manslaughter caretaker rights real estate attorneys deadly crashes probate process vacation home Palatine estate planning lawyer Colin H. Gilbert Illinois employment laws Mount Prospect elder law attorney boating DUI Buffalo Grove injury lawyer residential real estate Illinois employment law financial advisors probate lawyer income distribution deducation slip and fall accidents Rolling Meadows corporate lawyer Buffalo Grove insurance claim dispute lawyers paid sick leave pedestrian accident Barrington employment attorney Rolling Meadows traffic attorney Illinois collections attorney criminal defense Illinois workers compensation attorney Buffalo Grove traffic attorney attorney fees unauthorized overtime Illinois workers compensation lawyer Crystal Lake insurance lawyer Crystal Lake car accident attorney digital media accounts, estate planning, Arlington Heights estate planning attorney, Illinois motorcycle accident lawyer pet law Illinois insurance lawyer Rolling Meadows criminal lawyer icy parking lots motorcycle accident personal injury lawyer Chicago corporate attorney license suspension Rolling Meadows tax attorney Buffalo Grove criminal defense lawyer sole proprietorship Food and Drug Administration's Food Safety Modernization Act real estate bike accident wrongful death healthcare Long Grove estate planning attorney estate planning trusts Rolling Meadows personal injury attorney probate overtime violations first degree murder Illinois traffic attorney social media after death probate claims Arlington Heights Attorney DUI penalities underage DUI Illinois boating accident lawyer Arlington Heights employment law attorneys fiduciary rule delay changes to mortgage law Legal Info Do Not Resuscitate drug crimes product liability Palatine probate lawyer dealing with problem employees Mount Prospect real estate lawyer Illinois driving without license Schaumburg traffic lawyer healthcare claims BUI Jay Andrew Inverness injury lawyer rent to own real estate contracts agent car accidents Deer Park real estate law firm Rolling Meadows boating crash lawyer Illinois small business workers compensation IRA trust transfer Rolling Meadows personal injury lawyers contracts Buffalo Grove probate lawyer personal injury claims commercial real estate Palatine drug lawyer texting and driving Barrington injury attorney CAM Schaumburg employment attorney Illinois estate planning law firm in terrorem provision employee misclassification work unions operating agreements Des Plaines insurance attorney Illinois traffic laws Des Plaines pet law attorney health insurance dispute Illinois employee rights attorney. Arlington Heights personal injury attorney Crystal Lake tax lawyer Barrington criminal lawyer ACA overtime pay liability Illinois car accident attorney estate tax Buffalo Grove law firm Family Medical Leave Act Illinois construction contracts denial of life insurance trucking accidents Deer Park criminal attorney Chicago estate planning Barrington workers compensation attorney Rolling Meadows Attorney Crystal Lake employment lawyer Illinois employment law attorneys Illinois civil litigation lawyer owner responsibility Riverwoods estate planning lawyer digital assets, digital fiduciary, estate planning, digital content, Long Grove estate planning lawyers insurance claims field sobriety test Crystal Lake car accident lawyer Palatine employment lawyer Chicago traffic lawyer Illinois law Schaumburg criminal attorney Illinois lawyer Palatine civil attorney Joliet general practice lawyers Long Grove wills and trusts attorneys federal regulations for LLCs living trust vs will car accident lawyer Fourth of July Illinois home inspection Illinois trusts attorney condo association Crystal Lake business law attorneys Illinois elder law attorney Rolling Meadows employment law attorney digital information real estate contract startup company suspended license Colin Gilbert Liquor Control Act criminal record personal injury law firm gift taxes pedestrian accidents traffic violations trucking accident lawyers trench injuries Illinois personal injury attorney elder abuse Schaumburg estate planning attorney Barrington estate planning attorney Schaumburg probate attorney Crystal Lake criminal defense attorney traffic offenses real estate lawyer Arlington Heights estate planning attorney wills Schaumburg estate planning lawyer South Barrington real estate attorney Illinois jet ski accident lawyer drug crimes lawyer uninsured motorist Des Plaines drug crimes lawyer Inverness real estate attorney insurance claim dispute attorney blood alcohol content probate fees traffic accidents Illinois personal injury gift tax exemption, estate planning, estate planning strategies, Illinois estate planning, South Barrington estate planning attorneys Illinois business law atorneys compensatory time drunk driving statistics pet bites Arlington Heights real estate lawyer Rolling Meadows accident lawyer Barrington Illinois estate planning lawyer medical malpractice driving Des Plaines medical malpractice attorney Buffalo Grove personal injury lawyer Rolling Meadows insurance attorney comp time tax attorney Illinois LLC creation Illinois wills and trusts ObamaCare Crystal Lake law firm back injuries medical malpractice compensation guardianship attorney Illinois construction accident attorney Palatine business attorney Chicago lawyer elder law Super Mario GM ignition switches Schaumburg real estate lawyer real estate attorney Barrington drug crime attorney swimming pools FSLA Schaumburg Attorney Crystal Lake medical malpractice attorneys Chicago attorney business litigation Long Grove real estate attorney Illinois personal injury lawyer brain injury Long Grove estate planning slip and fall Rolling Meadows employment attorney estate planning lawyer personal injury claim breathalyzer test Home Sale Contingencies Des Plaines criminal attorney eluding a police officer Federal Food Drug and Cosmetic Act Illinois traffic ticket lawyer investment property license unpaid overtime Schaumburg civil litigation attorney pregnant women bicycle dooring accidents Illinois Transfer on Death Instrument Schaumburg construction accident lawyer FMLA living wills distracted driving accident victims Des Plaines DUI attorney wrongful termination, employment law, whistleblower protections, Illinois employment laws, discrimination in the workplace license reinstatement internet premises liability Rolling Meadows personal injury lawyer Illinois estate planning Crystal Lake estate planning lawyer Des Plaines accident attorney Fair Labor Standards Act estate plan Illinois insurance claims lawyers landlord Illinois DUI attorney Palatine criminal defense lawyer Illinois registered agent Illinois tax attorney Schaumburg criminal law attorney Inverness real estate lawyer Arlington Heights wills and trusts attorneys preventing accidents Illinois mortgages landlord tenant law taxes Chicago employment lawyer Rolling Meadows Traffic Lawyer jet ski accidents underfunded trust Policy Cancellation Illinois wills and trusts attorneys Inverness personal injury attorney employment law Palatine employment law lawyer Illinois corporate lawyer

Archive