Essential estate planning for business owners
The conventional estate plan addresses the disposition of assets and mitigation of taxes, while business owners require estate planning and business succession documents that compliment one another.
Fifield: A new “requirement” for restrictive covenants
The recent Illinois appellate court decision of Reliable Fire Equipment Co. v. Arredondo invalidating a non-solicitation and non-competition agreement, has employers wondering whether they could ever enforce restrictive covenants against their former employees.
Lessees and superfund liability
In December of last year, EPA published new guidance which clarifies that a lessee is entitled to assert the bona fide prospective purchaser defense.
Standards of value in a business valuation
Clients and attorneys tend to be surprised and/or confused when they learn that legally a business could have multiple values at the same time. This is because there can be different standards of value The following article illustrates this concept through hypothetical examples.