Close

Articles Posted in Business

Updated:

Non-Competes Now a Nonstarter

Non-Competes Now a Nonstarter This is really big news! Businesses that have entered into non-compete agreements with current or recently departed employees will need to come up with other ways of achieving the investment-protecting goals those non-competes were designed to accomplish. That’s because the Federal Trade Commission has issued a…

Updated:

Don’t Dirty Your Business’ Reputation by ‘AI-Washing’

Is AI Washing Dirty? Many people have become familiar with the term “greenwashing,” referring to attempts by a company to cast its products as more environmentally friendly than they are through public relations and marketing “spin” efforts. Now comes the concept of “AI-washing,” in which companies exaggerate the degree to…

Updated:

Real Estate Brokers’ Commissions Upended by Recent Settlement

Antitrust LawsuitNational Association of Realtors Decades-old norms regarding Realtor commissions and other policies surrounding home buying and selling have been swept away by the March 15 court settlement between the National Association of Realtors and groups of homeowners who filed suit against the realtors’ group arguing that home buyers should…

Updated:

Employee or Freelancer? New Rules for Independent Contractors

Employee or Freelancer? Is a person who works for your business financially dependent on you, or can they potentially independently profit based on their skill set? Will they be part of your company indefinitely? Do they perform a central, daily, integral role? Do you dictate when, where and how they…

Updated:

Going Through a Divorce? Don’t Forget to Disinherit Your Soon-to-be Ex

Guest Blogger: Attorney Tracy Ries For parents going through a divorce, the right-now priority is to retain matrimonial attorneys to negotiate or litigate a plan to divide up assets, determine alimony and child support payments, and haggle over children’s residency and visitation schedules. And it’s understandable that’s the top focus…

Updated:

Chicago Employers Required to Give 10 Days Paid Leave—Starting in Six Weeks

Starting on January 1, 2024, most employers in the will be required to provide five days of paid leave for any reason. Thanks to an City Council ordinance passed earlier this month by a 36-12 vote, Chicago employers will have to double that amount, including five sick days and five…

Updated:

When Partner Leaves Partnership, What are the Tax Implications?

Tax Implications When Leaving a Partnership When a partner leaves a business, the resulting transaction can take the form of a payment to the retiring partner to redeem his or her share of the business, or a sale of that share of the business to the remaining partners. Either way,…

Updated:

Employer Paying for Employees’ Transit Costs?

Transit Benefits Required for Illinois Employers Another wrinkle for employers in the Chicago area. Businesses located in the six-county Chicago area near public transit routes operated by the Regional Transportation Authority (RTA) that have at least 50 employees will be required as of Jan. 1, 2024, to provide their full-time…

Updated:

Illinois now requires Long-Term Temps to be paid like Employees

Long-Term Temps to be Paid Like Employees Both Illinois employers that contract with temporary labor service agencies, and those agencies themselves that do business in the state, should review staffing contracts and ensure compliance with relevant policies and procedures under amendments to the Illinois Day and Temporary Labor Services Act…

Updated:

How Does Supreme Court Ruling on ‘Religious Reasons’ Impact Small Businesses?

Supreme Court Ruling on Religious Reasons Small businesses and other employers are likely to find it more difficult to refuse requests for religious accommodations after the U.S. Supreme Court’s ruling in a recent case, Groff v. DeJoy, which concerned a postal worker who unsuccessfully requested to be off-the-clock every Sunday—when…

Contact Us
Start Chat