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IL businenss lawyerIf you dream of starting your own business and breaking free from the rigidity of a 9 to 5 job, you may be interested in a startup. Entrepreneurs who intend to start their own business have a great number of issues to contend with. Although television shows like Shark Tank can make it look easy, building a successful startup is a challenging process full of potential pitfalls. Almost 90 percent of all startups eventually fail. However, proper preparation and working with an experienced business law attorney can help you avoid pitfalls and build a thriving business.

Do Not Underestimate the Amount of Capital You Will Need

Most people hoping to start a business greatly underestimate how much money they need to actually start the business. You must consider not only initial costs but ongoing costs. It is also important to have some “cushion” so you can cover any unexpected expenses you face. Bank loans, private loans, and investors are usually the first places entrepreneurs look when building capital.

Reach Out for Help And Advice Before You Need it

Humility and a willingness to accept advice are two crucial traits of any entrepreneur. Do not be afraid to ask successful business owners and entrepreneurs for advice. They can tell you what mistakes they made when they were starting their businesses so you avoid making the same mistakes. Furthermore, work with a skilled business law attorney to make sure you do not put yourself in a position to experience any unexpected legal problems in your business.

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IL real estate lawyerBusiness owners have countless issues to consider when starting or expanding a business. One major concern for many business owners and entrepreneurs is securing a place in which to operate the business. If you are a business owner looking for commercial real estate, it is important to take your time and fully evaluate your options.

Before you sign a commercial real estate lease, it is essential that you have the lease reviewed by a skilled real estate attorney. Your attorney may be able to help you negotiate more favorable terms, and ultimately save you and your business money. Furthermore, your attorney can help you spot red flags that may be signs a commercial lease agreement is not in your best interests.

The Landlord Suggests a Verbal Agreement Will Suffice

As a business owner, you probably already know the importance of getting any business relationship in writing. Unfortunately, even the savviest business owners have been ticked by smooth-talking landlords who assure them they have nothing to worry about. Make sure you get the lease in writing and have your attorney review the lease before signing.

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IL divorce lawyerThe decision to get divorced is just the beginning of what is often a long and complex process. Divorcing couples must address important financial concerns including ownership of marital assets as well as marital debts. If the couple shares children, they will need to determine the allocation of parental responsibilities and parenting time. It can be exceptionally difficult to have a productive conversation about these issues with someone you are in the middle of divorcing. Old hurts and regrets often steer the conversation off course and lead to arguments instead of resolutions. This is where divorce mediation can be extremely useful.

The Mediator Will Facilitate a Productive Conversation

Family law mediators are third parties who facilitate productive, solution-oriented conversations during divorce. A mediator can help you and your spouse identify the issues that you agree on and those issues you disagree on and then find creative solutions you can both approve of. Instead of telling you what to do, the mediator helps you and your spouse explore the advantages and disadvantages of various solutions. The mediator may also step in and redirect the conversation when it goes off track. This can help you and your spouse avoid futile arguments that only lessen the chances of an out-of-court agreement.

Mediation is Confidential and Cost-Effective

When a divorce case is litigated through the court, personal matters may become a part of the public record. Many spouses want to maintain privacy as much as possible during a divorce. Mediation is a great way to discuss divorce issues without the risk of your discussions becoming public. Keeping matters confidential is especially important when a spouse is well known in the community. Mediation is also less expensive than litigation.

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IL estate planning lawyerEstate planning is important for anyone of any age or health. Unfortunately, life is nothing if not unpredictable and none of us know what day will be our last. Although it can be an uncomfortable topic to think about, planning for the possibility of incapacitation and death is crucial to protecting your loved ones and ensuring your final wishes are fulfilled. A living will is an advanced directive used to describe your decision regarding end-of-life care and other essential matters.

A Living Will Ensures Your Medical Wishes Will Be Followed

Most people are familiar with a last will and testament. A will is used to describe how property should be distributed to heirs after someone passes away. However, fewer understand the purpose of a living will. A living will is a document that spells out a person’s wishes regarding medical care at the end of their life. If a person is in a coma, suffers from dementia, or has other disabling medical conditions, he or she may not be able to communicate with doctors and loved ones. A living will is used to make medical decisions about end-of-life care in advance, so there is no question about the types of medical care an individual should receive.

A living will may be used to specify your wishes regarding:

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IL real estate lawyerIllinois law permits contractors, construction professionals, and other parties to place a lien on a residential property for the purposes of collecting past-due payment. The Mechanics Lien Act ensures that contractors and other parties who work on a home are paid for their work. In other words, a mechanic’s lien is collateral for a debt. It is important for any homeowner to understand when a mechanic’s lien may be placed on their home and how to respond to this situation. It is especially crucial for individuals buying a home to understand how a mechanic’s lien can complicate the home-buying process.

What is a Mechanic’s Lien?

A lien is an action used to ensure the collection of a debt. Liens filed against a real estate property give the creditor interest in the property. This means that the property owner cannot sell or refinance the property until the debt is paid and the lien is lifted. The creditor may also be able to ask the court to compel the sale of the property so the creditor can receive payment from the sale proceeds.

Mechanics’ liens are used to pursue payment of construction, renovation, repair, or home improvements projects. The contractor, subcontractor, or the party who provided materials for the project may be permitted to place a lien on the property if they are not paid for labor or supplies. However, a lien must be executed properly in order to be legally enforceable. Illinois contractors have four months after a project is completed to record a mechanic’s lien.

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