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Attorneys Misty Cygan and Geo Bellas can help your get business off to a good start. We’ve run a series of posts recently about the steps involved in launching a business.  These have covered issues like deciding what type of business you want to start and what your business model will be; putting together a business plan and identifying sources of capital investment; and naming and registering your business. This final post will flesh out…
Illinois Cannabis Business Market Licenses for a legal cannabis business have been a hot topic lately, and now the the Illinois Supreme Court has made its first ruling related to the byzantine process of obtaining a license for a legalized cannabis business in the state, and it seems likely to be the first of many. The legislative effort to limit the number of licenses the state issues drives up the value of said licenses to…
Considerations for Starting a Small Business Recently, we ran a post What to consider when Starting a Small Business, Part One  about some of the early steps in starting a small business—deciding you’re ready, figuring out what type of business you want to start, surveying your competitors, and figuring out the optimal business model. At that point, it’s time to get down to the proverbial brass tacks and put together a business plan, which…
Are you thinking about starting a small business? It can be an exciting and challenging endeavor, although it’s more likely to succeed if you plan ahead, take it step by step, and surround yourself with trusted, experienced advisers.  Of course, such an important endeavor – not to mention a life alternating event – requires hard work, ingenuity and more than a little legal advice.   You can start by going to our webpage on What
Business interruption insurance & COVID Should business interruption insurance cover losses due to the COVID-19 shutdowns, even if said insurance policy contains a virus exclusion? A bar and restaurant based in Park Ridge and a former jewelry store in Chicago have gone to the U.S. 7th Circuit Court of Appeals to argue that their policies with West Bend Mutual Insurance Co. should cover such losses, which they say are due to the Illinois state government orders,…
Drop the Mask in your business? After a year of employee and customer mask requirements being a no-brainer for small businesses, the CDC’s recent change in guidance that those who have become fully vaccinated against COVID-19 need not wear masks in many public settings has required business owners to put on their thinking caps again with regard to this issue, for the first time in more than a year. Major retailers like Costco, Kroger, Walmart,…
The Illinois Housing Development Authority (IHDA) and the City of Chicago Department of Housing (DOH) have each announced separate Emergency Rental Assistance Programs.  Both programs will be funded using the federal COVID-19 relief funds.   Owners with non-paying residents in Chicago can apply to both agencies for assistance, but will only be allowed to receive funds from one of the programs. Landlords can apply for the Illinois House Development Authority assistance at:  https://ilrpp.ihda.org/ The Chicago Emergency
SBA Restaurant Revitalization Fund Eligible restaurants and other dining establishments are entitled to apply to the U.S. Small Business Administration for a $28.6 billion grant program under the American Rescue Plan Act of 2021, as established in section 5003 of the legislation. The SBA recently released a Program Guide that lays out the details of the grant eligibility under the Restaurant Revitalization Fund that foodservice outlets might want to review before applying. Among the…
What Can Small Businesses Do About the Maskless? As more states lift requirements that people wear COVID-19 masks indoors when in public, what can small businesses do to protect their employees—and other customers who still prefer to wear masks? As of April 5, more than one-third of states (18) lacked mask requirements, some of which never had them in the first place, according to the Associated Press. But business owners are certainly legally entitled…
Pandemic Relief for Restaurants Smaller restaurants and bars soon will have a new opportunity for pandemic-related relief when the U.S. Small Business Administration posts the application for the new Restaurant Revitalization Fund, a program created as part of the American Rescue Plan Act of 2021 signed by President Biden on March 11. As of this posting, the application had not been made available; however, those eligible should keep checking this page or watching out for…