January 13, 2014

L&W Attorney Appointed New Business Leader

L&W Attorney Appointed New Business Leader Charles Wentworth to lead new Chamber of Commerce business group Charles Wentworth is now the leader of the Glen Ellyn Chamber of Commerce’s second Business Leaders Forum group.  The first is led by our own Rick Lofgren.  The Forum provides an opportunity to members of the […]
January 13, 2014

Announcing the ELR Academy

Announcing the ELR Academy Helping you keep track of your business’ moving parts. We’re excited to announce the unveiling of the ELR Academy to help you track your business’ moving parts.  In addition to our regular blog posts, we will now also be holding free seminars to discuss in more depth […]
December 5, 2013

Lofgren & Wentworth Sponsors Free Holiday Movie

Come see “Arthur Christmas” for FREE on December 7. In connection with the Glen Ellyn Chamber of Commerce, The Law Office of Lofgren & Wentworth, P.C. is sponsoring a free holiday movie at The Glen Art Theatre in downtown Glen Ellyn.  Bring your kids to see “Arthur Christmas” on December […]
November 26, 2013

Richard J. Lofgren elected VP of Business & Professional Services

Richard J. Lofgren elected VP of Business & Professional Services Rick Lofgren was recently voted-in as the Vice President of Business & Professional Services by the Glen Ellyn Chamber of Commerce. After serving one year as a director for the Glen Ellyn Chamber of Commerce, Lofgren & Wentworth, P.C. attorney Rick […]
November 25, 2013

Charles G. Wentworth in the News

Charles G. Wentworth in the News Charles Wentworth was recently quoted discussing start-ups, non-compete agreements, ERISA, and art law. Lofgren & Wentworth, P.C. attorney Charles Wentworth was interviewed by the Daily Herald’s business columnist and blogger, Jim Kendall.  The article dealt with entrepreneurship and the potential pitfalls of starting a new business, […]
November 19, 2013

Legal Dictionary—Director

What is a “director”? In our post about corporations, we mentioned that they are general run by a board of directors.  The board may be composed of any number of directors, depending on the size of the corporation.  The directors set the direction that the corporation will go in its […]
November 12, 2013

Wills and Powers of Attorney No. 1

Wills and Powers of Attorney No. 1 Leaving money directly to minors can cause their parents headaches. John was a successful businessman and accumulated roughly $1.2 million after selling his company and retiring. Being an entrepreneur, he liked to do things on his own. He had heard lots of discussion […]
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 […]
November 6, 2013

Trusts No. 1

Trusts No. 1 Just adding your children to the title on your home could have dire consequences. Mary was a widow with two grown children—Fred and Jane.  Her only significant asset was her home, which had no mortgage and was valued at $350,000. Fred lived in Wheaton.  Mary had heard […]
November 4, 2013

Legal Dictionary—Corporation

What is a “corporation”? A corporation is a legal entity that can own property, enter into contracts, employ people, and otherwise transact business.  In Illinois, the rules that govern corporations are found in the Business Corporations Act.  The Secretary of State authorizes the corporation to exist by approving the articles […]
November 4, 2013
Best Practices Business Law

Illinois Mechanics Liens

Illinois Mechanics Liens If you’re not careful about how you pay your contractors, you could end up paying twice. Tom had been working for many years as a machinist, and wanted to open his own shop someday.  He had finally saved enough money to buy a small building and the […]
November 4, 2013

ELR Open House a Great Success!

ELR Open House a Great Success! Thanks to everyone who came to the open house for The Entrepreneur’s Legal Resource on October 22.  It was great to see all our friends, neighbors, and clients.  We announced our Small Business Month special for members of the Glen Ellyn Chamber of Commerce.  […]
October 15, 2013

Protecting Your Illinois Business

Protecting Your Illinois Business Running a business as all about building and maintaining strong business relationships. But business owners sometimes fail to give the proper attention to the use of “standard business terms” in their contracts. In fact, often times, “standard business terms” are disparagingly referred to as merely “boiler plate” […]
October 12, 2013

November Is Small Business Month at Lofgren & Wentworth!

November Is Small Business Month at Lofgren & Wentworth! In honor of Small Business Saturday on November 30, 2013, The Law Office of Lofgren & Wentworth, P.C. has declared November “Small Business Month” for members of the Glen Ellyn Chamber of Commerce.  As part of The Entrepreneur’s Legal Resource, we […]
October 7, 2013

ELR Open House on Tuesday, October 22, 2013

ELR Open House on Tuesday, October 22, 2013 Lofgren & Wentworth, P.C. will be hosting a Business After Hours on Tuesday, October 22, 2013, from 5:00 to 7:00 p.m.  Come by our office to meet Rick Lofgren and Charles Wentworth, and to learn more about The Entrepreneur’s Legal Resource(SM) and our […]
September 19, 2013

Illinois Employment Law Update

Illinois’ First Appellate District appears to change the rules for non-compete agreements. Small businesses routinely use non-compete agreements to lock down key employees and keep them from competing against their employers later on.  When drafted and executed properly, those agreements can be very useful tools for protecting your company’s client […]
September 18, 2013

Robbing Peter to Pay Paul

Robbing Peter to Pay Paul Comingling funds can have broad repercussions. Mary owned two small businesses. Through one she sold small trinkets and other novelty items. Through the other she was an event planner, helping people put together wedding and baby showers, as well as birthday and other kinds of parties. For various […]
September 18, 2013

Regulatory Bear Trap

Regulatory Bear Trap Be sure your marketing plan doesn’t run afoul of government regulations. Joe was a successful entrepreneur.  He ran a small business out of his home, connecting businesses that had too much inventory with people who needed the excess product.  After finding someone who needed product Joe knew […]