Publications

Articles on Business Law

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 S. Mathewson
April
2000
Column
Page 192
What hath Tosado wrought? What do jurors think? Granny gives a gift; and more.

To comply with the cancellation notice requirements of section 143.14(a) of the Insurance Code, an insurer needs to show proof mailing on a U.S. Post Office form or other commercial mail delivery service for the cancellation letter to be effective

February
2000
Illinois Law Update
Page 68
On December 7, 1999, the Appellate Court of Illinois for the First District reversed the trial court’s grant of summary judgment to Valor Insurance Company.

Drafting Contract Provisions for E-commerce Sites

By Richard C. Balough
January
2000
Article
Page 40
Tips for drafting contracts that govern the rights and obligations of e-commerce-site users.

The Business Attorney’s Guide to Trade Names

By Aaron W. Brooks
October
1999
Article
Page 526
Selecting the right business name isn't as simple as you might think. Here's a primer for Illinois lawyers.

Plain English as a Second Language: Will It Become Second Nature at the SEC?

By Carla E. Laszewski
October
1999
Article
Page 536
An explanation of the SEC's plain English disclosure rules and why the agency advocates their use.

Illinois Law Enters Cyberspace: The Electronic Commerce Security Act

By R. J. Robertson Jr. and Thomas J. Smedinghoff
June
1999
Article
Page 308
This new law—effective July 1—removes doubts about legal requirements for electronic "writings'' and "signatures'' and encourages e-commerce. Here's an overview.

The Lawyer’s Journal

By Bonnie McGrath
April
1999
Column
Page 186
Offer, acceptance, consideration, and criminal law.

Pages

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