Self-certification for veteran-owned and service-disabled veteran-owned small businesses is being eliminated, and a number of other changes went into effect on January 1 as a result of an updated Final Rule from the Small Business Administration (SBA) about these types…

2023 Business Outlook
2022 started out with the hope of a recovery from the pandemic but ended with a recession.  With the advent of 2023 we are left to ponder on what is ahead for businesses in 2023.
It’s the…

Are NDAs for Sexual Harassment dead?
Employers will no longer be able to require workers to sign upfront non-disclosure agreements (NDAs) pertaining to sexual harassment incidents they have experienced or witnessed under new federal legislation that passed overwhelmingly through Congress…

Buyer of Nontraditional Legal Services, Beware
All kinds of business forms are being offered online, and many of them for free. Stand-alone paralegal services are offering various sorts of assistance to small businesses for significantly less than lawyers generally charge.…

Family Owned BusinessSuccession or Dissolution?
They make great stories when they’re successful, but maintaining continuity of family-owned businesses from generation to generation presents many challenges.  A family-owned business can be an excellent means of transferring and preserving generational wealth when…

How Do Family Businesses Survive Transition?
The Cornell University Smith Family Business Initiative says that more than three-quarters (77%) of small businesses rest on significant family involvement. Family Enterprise USA has counted 5.5 million family businesses in the U.S., finding…

Illinois Amends One Day in Seven Rest Act
The new year will bring with it activation dates for new or amended state legislation that passed earlier this year, some of which will have an impact on small business owners and…