Section Newsletters

Articles on Business Law

Venture Data Business and Securities Law, October 2000  
Early stage venture finance: sources of data for the “angel” round By William A. Price Business and Securities Law, June 2000 "Angel" finance deals, according to "The Process and Analysis Behind ACE-Net," a policy paper on the U.S. Small Business Administration Website, number about 650,000, and involve about ten private investors each, at about $65-66,000 per investor.
The lawyer and the business appraisal By Bruce L. Richman, James Kazmier, Matt Rychetsky, & Mary Warmus Family Law, May 2000 During law school did anyone ever tell you that when you became a lawyer you would need to know the calculation of "weighted average cost of capital" or the "premise of value" or "the build-up approach to cost of capital" or "what the standard of value is"?
Quick reference guide to the Business Corporation Act—Part I By Timothy E. Duggan General Practice, Solo, and Small Firm, May 2000 I have not found the Business Corporation Act to be user-friendly. Most of the lack of clarity is due to the organizational problems of drafting the desired flexible inter-related and alternative methods of corporate organization, operations, and flow of authority.
Enterprises and finance By William A. Price Business and Securities Law, April 2000 A business lawyer can serve many roles, for many different sizes of company.
Income tax analysis: C corporation retained earnings or partnership status for major investment by new partner By William A. Price Business and Securities Law, April 2000 The following is a draft letter to a client with $1 million in net earnings who is considering a joint business venture with an active investor. For discussion's sake, the investor is assumed to also have $1 million in net income from another business.
Tax bill hits seller financing By A. Jay Goldstein & Loren R. Stone Business and Securities Law, April 2000 Under a provision in the "Ticket to Work Incentives Improvement Act of 1999" (H.R. 1180), signed into law recently by President Clinton, accrual basis taxpayers using an installment method for asset sales will no longer be able to defer taxes on gains until payments are actually received.
Using public record searching to enhance due diligence By Carol L. Helfrich Business and Securities Law, April 2000 Understanding all aspects of a business, including potential liabilities, is the objective of due diligence investigation.
Useful law summaries By Herbert J. Klein Business Advice and Financial Planning, September 1999 The Illinois Legislature enacted Public Act 90-737, the Illinois Governmental Ethics and Gift Ban Act.
Fast track at last for LLCs and LPs in Illinois By Robert J. Wilson, Jr. Business and Securities Law, June 1999 Practitioners engaged in representing limited liability companies and limited partnerships in Illinois will welcome two recently adopted amendments the Illinois Limited Liability Company Act, as amended (the "LLC Act") and the Revised Uniform Limited Partnership Act of 1986, as amended of the state of Illinois ("RULPA").
General partnership agreement of a business owned by individuals By Thomas N. Jersild Business and Securities Law, June 1999 This form contemplates a partnership of a group of individuals engaged in holding and managing real estate (or another business).
Is stock in a close corporation a security?—Illinois courts split—Will they now follow the U.S. Supreme Court in Landreth Timber? By Charles W. Murdock Business and Securities Law, June 1999 The Illinois Securities Act defines a security as follows:
Recent developments in restrictive covenants By David E. Doyle Business and Securities Law, May 1999 Two recent cases involve the enforceability of noncompetition agreements under Illinois law.

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