February 11, 2015
Estate-Planning-personal-powers-of-attorney-glen-ellyn-dupage-law

Illinois Changes the Statutory Power of Attorney for Healthcare

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 […]
April 1, 2014

Legal Dictionary—Terms

What are “terms”? Every business deal has layers of terms, some of which are more important than others.  We like to call these layers the boulders, rocks, and the sand. Boulders are the biggest terms, the deal breakers.  Often times these are non-negotiable. Rocks are the next level in.  They […]
April 1, 2014

Legal Dictionary—Letter of Intent

What is a “Letter of Intent”? A Letter of Intent, or term sheet, outlines the basic terms of a business deal, making sure the parties understand generally what it will look like and forcing them to think through what the deal breakers are.  It doesn’t do anyone any good to […]
February 10, 2014

Buying a Business

Buying a Business What happens when business owners “fall in love” with each other? Business relationships are like personal relationships—they often start with people being enamored with each other. But just as it is generally not a good idea to run off and elope with someone after the first date, […]
November 6, 2013

Do-It-Yourself Contracts No. 1

Do-It-Yourself Contracts No. 1 Being an entrepreneur often means doing things yourself. But it doesn’t mean doing them badly. For the past 20 years, Fred had run his own software company. Like any good small-business owner, he wore many hats—HR department, payroll processor, accountant, and chief technical officer, to name a […]