The newsletter of the ISBA’s Section on Business and Securities Law
Browse articles by year: 2014 (2)
Newsletter articles from 2008
Decision explains policy as to enforcement of restrictive covenants in employment agreements
In Brown and Brown, Inc. v. Patrick, Mudron and Cornolo and Thompson, Ltd. and Gunderson (Brown), 379 Ill. App.3d 724, 887 N.E.2d 437, 2008 WL 681848, 27 IER Cases 539, Ill.App. 3 Dist., March 11, 2008 (NO. 3-06-0908), the Third District Appellate Court made some interesting comments relative to the enforcement of restrictive employment covenants in affirming a summary judgment in favor of the employee.
Negotiating separation agreements
Employers frequently seek to avoid or resolve litigation related to terminating an employee by having the other party sign a release or waiver.
Property and polity issues
This article pertains to the approach that the Illinois Courts have taken with regard to property disputes between a national church and a local church which is part of the national organization.
Remarks from the Chair
Illinois often follows the work of the National Conference of Commissioners on Uniform State Laws (NCCUSL) (Web site www.nccusl.org) in considering whether we need new laws to simplify and codify rules for corporation, business, and securities issues.
Remarks from the Chair
This year’s Corporation, Securities, and Business Law program of work is focused on member education.
Should your LLC make an S election to save on social security and Medicare taxes?
Many factors are relevant in making the decision to elect S corporation tax status for an LLC, including whether the LLC qualifies to make the election, whether the LLC is likely to own, sell or refinance appreciating property, obtaining basis for loans to the LLC, the ability to adjust the LLC’s basis in it assets, and whether special allocations of income and expense items may be involved.
The threat is real—The fight for limited liability in Illinois
The statutory provisions providing limited liability to shareholders of Illinois business entities were undermined recently when the Illinois Supreme Court endorsed “direct participation” as a viable theory of tort liability under Illinois law
Using e-mail to create a contract
There are a lot of ways to create a contract. Not surprisingly, courts are now beginning to find that an exchange of e-mails can be sufficient.