When incorporating a business, many owners will structure their entity as a limited liability company, commonly known as a LLC. Limited liability companies are often less complex than other corporate entities, while offering more flexibility, favorable tax benefits and legal protection for personal assets. The Illinois LLC Act governs all limited liability companies within the […]
When establishing a new business, one of the many things you’ll need to consider is how you want to structure your new entity. You may decide to incorporate, form a partnership, sole proprietorship or limited liability company. Forming a corporation means your business will operate as its own entity. If you decide to incorporate, the […]
You hire a contractor to complete an office space renovation, but the work is taking longer than anticipated and has surpassed the completion date outlined in your contract. Your staff is displaced, but you are still locked into the contract with the original vendor. It is time to enact the termination clause.
There are several reasons […]
Our client Sheldon Smith, founder of The Dovetail Project, has been named one of the top 10 CNN Heroes of the Year!
To vote for Sheldon, click here.
The purpose of The Dovetail Project is to give young fathers the skills and support they need to be responsible parents and positive role models in their communities.
An indemnification clause is a promise that one party will compensate the contract’s other party for specific costs, losses and/or additional third party litigation. This is a crucial point in any client-vendor contract, and one that so often results in litigation suits.
To help avoid costly litigation, below is a brief explanation of indemnification clauses.
The Parties […]
Please join us on Aug. 2 at 5:30 p.m. at Vertigo Sky Lounge for the launch of The Excel Project, a nonprofit that introduces children and teens from underserved communities to the legal field. A foundation of Jackson Corporate Law Offices, P.C., the event commemorates the firm’s three-year anniversary.
The Excel Project, a Chicago 501(c)(3) public […]