Publications

Illinois Bar Journal
Articles on Business Law

Does the LLC Make the Illinois Close Corporation with S Election Obsolete? By Gail Petravick and Coleen Troutman October 2007 Article, Page 532 The LLC has many benefits and few negatives for closely held businesses. Will it make the Subchapter S election obsolete?
How the Business Services Department Can Help You By Lin Hanson September 2007 Column, Page 492 Online filing? Advance review of filings? The SOS offers that and more.
Helping Business Owners Avoid Personal Liability By Markus May June 2007 Article, Page 310 A recent case describes how business owners should run their companies as separate entities to avoid being held personally liable.
Simultaneous Offers for Partnership Break-Ups By Lin Hanson June 2007 Column, Page 328 Is your client ready to break up with a business partner? If so, here's some advice.
LLC Operating Agreements By Lin Hanson March 2007 Column, Page 152 Written agreements allow you to define relationships among shareholders, members, and partners.
Series LLCs: Practical Pointers and Tax Implications By Randall H. Borkus and Kimberly J. Myers January 2007 Article, Page 22 Beware the danger in failing to properly separate assets in the series, and note unanswered tax questions.
Shareholder Agreements in Illinois By Lin Hanson December 2006 Column, Page 680 The history of - and practice pointers about - shareholder agreements for close corporations.
Corporate Voting By Lin Hanson September 2006 Column, Page 500 A refresher course on corporate voting rights.
Fair Value Redux By Lin Hanson June 2006 Column, Page 318 Proposed legislation would clarify LLC minority shareholders' rights and remedies.
Selling a Client's Company: A Cautionary Tale By Lin Hanson March 2006 Column, Page 150 The seller's lawyer should make like the buyer's and take a critical look at the business before the sale.
Sour notes By Helen W. Gunnarsson March 2006 Lawpulse, Page 110 The destructive, expensive breakup of a string quartet leads to the obvious question: what advance legal planning might have kept things from getting out of control? And what can you do for your musician clients? 
New naming guidelines issued for limited partnerships and limited liability partnerships February 2006 Illinois Law Update, Page 68 The Secretary of State has amended Part 171 of Title 14, 14 Ill Adm Code 171, also known as the Uniform Limited Partnership Act. 
The Dangers of Successor Liability When buying Illinois Business Assets By Raymond P. Kolak December 2005 Article, Page 640 Buying the assets, rather than the stock, of a business does not always protect the buyer from the seller's liabilities.
LLC Potpourri By Lin Hanson December 2005 Column, Page 646 Series LLCs are a valuable tool, but they're expensive. here are some money-saving tips.
Planning for Business Breakups By Lin Hanson September 2005 Column, Page 482 Pre-planning helps make endings happy – or at least less unhappy.  
Administrative Dissolution: Tearing a Hole in the Corporate Veil By Lin Hanson June 2005 Column, Page 312 Involuntary dissolution for failure to pay taxes or fees can put directors and officers at risk.
For LLC Minority Owners, "Fair Value" Often Isn't By Lin Hanson March 2005 Column, Page 148 Minority shareholders' lack of control can make their shares worth less if they try to sell out.
What Series LLCs Can Do for You By Lin Hanson December 2004 Column, Page 648 They can spread risk at lower cost in money and hassle.
Malpractice Risks for Corporate and Business Lawyers By David R. Sinn October 2004 Article, Page 522 A review of tricky conflicts issues and other malpractice landmines for corporate lawyers.
Professional Service Corporation licensing is not intended to protect the public health and welfare October 2004 Illinois Law Update, Page 514 On July 8, 2004, the Illinois Second District Appellate Court answered two questions, certified for interlocutory appeal by the Circuit Court of McHenry County, in the negative.
What Every Lawyer Needs to Know About the Illinois Limited Liability Company Act By Charles W. Murdock August 2004 Article, Page 420 A review of the Act by one of its drafters with a focus on provisions with which all lawyers should be familiar.
Change Made to Business Organization Definition May 2004 Illinois Law Update, Page 242 The Illinois Office of the Secretary of State has adopted a simple, yet important, regulatory change for defining business organizations. 
Business-law clean-up bill now on the books By Helen W. Gunnarsson October 2003 Lawpulse, Page 486 The new Act reconciles inconsistencies, removes obsolete provisions, and makes compliance with the law easier.
Changes in place for business organizations August 2003 Illinois Law Update, Page 384 The Office of the Secretary State recently adopted small, but significant, changes to the Revised Uniform Limited Partnership Act (14 Ill Adm Code 170) and the Limited Liability Company Act (14 Ill Adm Code 178).
Limited Liability Practice: What Lawyers Should Consider, What Firms Should Do By Steven G. Frost, Terence T. O'Meara, and Sheldon I. Banoff August 2003 Article, Page 388 Is limited liability practice right for you? Here's a review of the new legal landscape.
Amendment to Business Corporation Act of 1983 P.A. 92-0771 January 2003 Illinois Law Update, Page 14 Gov. Ryan signed into law an amendment to the Business Corporation Act of 1983 which provides that a corporation may allow members entitled to vote to participate in any meeting through the use of interactive technology.
The Illinois Electronic Commerce Security Act: Birth and Death of an E-Commerce Approach? By Kristin Mihelic July 2001 Article, Page 356 The author argues that Illinois should abandon its Electronic Commerce Security Act and follow the national uniform approach.
A New Way to Resolve International Business Disputes in Illinois By Peter V. Baugher and Steven M. Austermiller October 2000 Article, Page 582 The Chicago International Dispute Resolution Association provides our region with a new arbitration forum. Find out more.
The Lawyer's Journal By Bonnie C. McGrath August 2000 Column, Page 434 You still have the right to remain silent; UPL and in-house counsel; and more.
The Lawyer's Journal By Mark Mathewson April 2000 Column, Page 192 What hath Tosado wrought? What do jurors think? Granny gives a gift; and more.
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