Business Law

There are many reasons why starting a small business is appealing. The idea of taking control of your financial destiny is a primary one. In this new era of societies worldwide recognizing past or current social injustice, maybe you want to make your mark on the world. No matter what the reason, make sure you […]

Buying and Selling Businesses in Illinois When contemplating a decision to buy or sell a business, a thorough legal review and analysis of your financial position are essential to ensure that your economic well-being is protected. At the Law Office of Richard J. Arendt, we have extensive knowledge of all facets of the sale or

In January 2020, the U.S. economy employed more than 158 million people within 32.5 million businesses. The majority of people in the U.S. workforce (97 million) still work for large corporations and, at some point, may seek counsel from an Employment attorney. Small businesses are an essential component of the U.S. economy. 30.2 million are

What is the Fair Labor Standards Act? The Fair Labor Standards Act or FLSA is a federal statute that sets forth employers’ requirements to pay minimum wage and overtime to employees covered by the Act. Additionally, it defines the forty-hour workweek and places restrictions on child labor. The Wage and Hour Division of the U.S.

The intricate maze of Federal and State environmental laws can make compliance a difficult task. Ecological regulations exist at nearly every level of government. The Federal Environmental Protection Agency (EPA ) provides a PDF the explains the Small Business Compliance Policy. You may review it here. https://www.govinfo.gov/content/pkg/FR-2000-04-11/pdf/00-8955.pdf Depending on the nature of your business, there

According to a recent Gallup poll, 50% of new U.S. companies fail within their first five years. Starting a business is a path littered with pitfalls for entrepreneurs and business owners that are not careful. Always contact a seasoned business attorney to provide expert guidance on avoiding costly mistakes in business ownership. These costly mistakes

Contracts are a central part of the operations of any business. Contractual agreements are how supplies are acquired. Contracts ensure each transaction is correct and complete. Sales contracts provide each party with a clear understanding of what each agrees to from this sale. Therefore, it is of utmost importance that businesses execute enforceable agreements. Ignoring the