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March 26, 2020
Congress Requires New COVID-19 Employment Poster Congress and the President recently enacted and signed into law the Families First Coronavirus Response Act, giving paid leave to employees of small businesses dealing with coronavirus-related issues. As part of that Act, employers must now also post a flier at their businesses that […]
March 20, 2020
Your Business Insurance May Contain Interruption Coverage You Can Use During COVID-19 Most entrepreneurs have general liability insurance coverage for problems that arise during the operation of their businesses. This is often used for situations such as a fire or flood at your office, or if someone gets injured on […]
December 5, 2017
How to Effectively Use Your Estate Plan to Leave Funds to a Minor In a previous post (here), we described the problems associated with just leaving assets to a minor directly. Usually this happens through a will or trust or–more likely–as a designated beneficiary on some kind of investment account. […]
October 3, 2017
It’s not uncommon for us to receive calls from our DuPage and Chicago clients saying they are considering purchasing an investment property, and wondering what they should think about before doing so. Here are some tips that might be helpful. These are focused primarily on residential leases, but apply as […]
September 28, 2016
What Businesses Should Know About Illinois Powers of Attorney Illinois Powers of Attorney for Businesses and Entrepreneurs Powers of Attorney (POAs) are very important tools in your toolkit when planning for your future and helping family members prepare for theirs. They are also important for business owners to use as […]
June 7, 2015
Our attorneys were recently featured on two separate podcasts First, the firm was re-introduced to Glen Ellyn by Meredith Hannah of the Economic Development Office in its podcast, The Glen Ellyn Experience. Then, Charles was interviewed by Jim Kendall of the Business Owners Pod Talk about Why Your Business Might Need an […]
June 4, 2015
“Perpetual” Contracts May Actually Be Terminable “At Will” Be careful how your “perpetual” contracts are written or they could really be terminable “at-will.” The general rule in Illinois is that a contract “without a fixed duration” that does not clearly lay out an event that ends the business relationship—in other […]
June 1, 2015
Not All Debts Are Dischargeable in Bankruptcy A debtor may not be able to discharge debts incurred through its agent’s fraud. The Federal Court for the Northern District recently reiterated that not all debts are dischargeable in bankruptcy. It has long been true that debts procured by way of fraud are barred […]
March 2, 2015
Be Careful Making a DIY Estate Plan Doing your estate plan on your own can lead you to lose protections you don’t even know you had. Jake and Laurie were married when they purchased their home in Wheaton. Knowing that they purchased the home as their primary residence, their attorney […]
February 11, 2015
Tenancy by the Entirety Available to Trusts You can still have the protection of tenancy by the entirety even if your home is in a trust. Illinois allows spouses to hold their primary residence by what is called “tenancy by the entirety.” Like joint tenancy, tenancy by the entirety allows […]
February 11, 2015
Illinois Changes the Statutory Power of Attorney for Healthcare The Illinois legislature changed the form Power of Attorney for Healthcare. Effective January 1, 2015, the Short Form Power of Attorney for healthcare has been changed. Among the changes in the law are that no health care provider may act as […]
February 11, 2015
What is “intellectual property”? Intellectual property is any type of idea, invention, or other tangible or intangible work that is protected by common law or statute. While there are federal laws governing the protection of intellectual property rights, there are also various state protections as well. The three most common categories of […]
February 10, 2015
The Latest Chapter on the Enforceability of Non-Compete Agreements in Illinois New Illinois cases further muddy the waters for enforcement of non-compete agreements. Last year we told you about the case of Fifield v. Premier Dealer Servs., Inc., 993 N.E.2d 938 (Ill. App. Ct. 1st Dist.2013), in which the Illinois Appellate Court for the First District held that, absent other adequate consideration, an at-will employee’s […]
February 10, 2015
New Illinois statute protects pregnant women and new mothers form workplace discrimination. Effective January 1, 2015, pregnant women and new mothers have sweeping news protections from discrimination in hiring and in the workplace. In a major shift, the Pregnancy Fairness Law (“Act”), 775 ILCS 5/1-103(L-5), amends the Illinois Human Rights Act […]
August 21, 2014
What is a “non-compete agreement”? Non-compete agreements are contracts in which one party agrees not to compete in the marketplace against another party. Although most often seen in the employment context, non-compete agreements also often appear as part of buying and selling a business. In Illinois, courts generally start from […]
July 4, 2014
Happy Independence Day! Celebrate Independence Day with Lofgren & Wentworth, P.C. In honor of the Fourth of July, Rick and Charles are offering a free one-hour consultation in July for anyone looking to gain some “independence” in their work. Come by and talk with us about your non-compete agreement, a […]
May 20, 2014
Lofgren & Wentworth, P.C.’s attorneys have been hard at work. Here are recent matters Rick and Charles have been handling: Rick and Charles established multiple new corporations and limited liability companies for clients starting businesses in the massage, insurance, actuarial, and real estate industries. Charles obtained summary judgment for his client, resulting […]
May 20, 2014
L&W Attorneys to Discuss Hidden Tax Issues April is over, but taxes never go away. On Thursday, June 12, Rick and Charles will be speaking from 8:00 to 10:00 am at a presentation hosted by Precision Payroll of America LLC on various things you may not realize your business is doing (or […]