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RECENT BUSINESS LAW LEGAL ARTICLE

  • corporation-explained-illinois

    What is a Corporation?

    What is a Corporation?: Illinois Business Corporation Act – Corporations in Illinois Explained When starting a business, it is important to consider the type of business structure you would like to create. Many people are anxious to get their ideas and products into the market place and they do not stop to consider whether they…

  • bring alcohol into Illinois

    Can I bring alcohol into Illinois?

    Can I bring alcohol into Illinois? You cannot bring more than minimal amounts of alcohol into the State of Illinois. Illinois has placed many restrictions on the importation of alcohol. These restrictions do not only apply to businesses, but also apply to individual Illinois residents. The Federal law gives Illinois full authority to regulate the…

  • liquor license revoked for unauthorized importation

    Can my liquor license be revoked for unauthorized importation of liquor into Illinois?

    Can my liquor license be revoked for unauthorized importation of liquor into Illinois? The State of Illinois imposes strict restrictions on the importation of alcohol. Illinois is authorized to impose these restrictions by the U.S. Constitution. The 21st amendment to the U.S. Constitution states as follows: “The transportation or importation into any State, Territory, or…

  • chicago liquor license

    Can I get approval for Chicago liquor license before I build my restaurant?

    Can I get approval for Chicago liquor license before I build my restaurant? The construction of a new restaurant, or substantial renovation of an existing location, is a major financial undertaking for any business owner. If the sale of alcohol is a part of your business, it is understandable that you want to know that…

  • chicago restaurant legal services

    What is the difference between an asset purchase and a stock purchase of a business?

    What is the difference between an asset purchase and a stock purchase of a business? Purchasing a business is one of the most important financial transactions of your life. The purchase of a business is a very complicated transaction with many considerations to be had along the way. However, the most important question that a…

  • Business Law Transaction

    What is the right business entity for your small business?

    What is the right business entity for you? The legal structure used to set up your new small business is a very important decision that will have ramifications throughout the life of your business. The chosen structure dictates the rights and obligations amongst the owners of the business and the level of financial risk that…

  • chicago liquor license attorney

    What is the City of Chicago liquor license moratorium?

    What is the City of Chicago liquor license moratorium? Many of our clients initially contact us asking us to check if their property is subject to a moratorium. What the client really is asking is whether their property is located in a “moratorium district.” This term generally refers to certain sections of the city which…

  • Liquor-Process

    What Type of Chicago Liquor License Do I Need?

    Choosing the Right Type of Liquor License in Chicago The most common question we get regarding liquor licenses is how much will it cost? However, before we can answer that question, it is important for you to identify what type of Chicago liquor license you need. There are six main classifications for liquor licenses in…

  • Chicago IL Power of Attorney

    Shareholders’ Right to Review Records of an Illinois Company

    Can a Shareholder Review the Records of a Chicago, or Any Illinois Company They Invested in? Many investors and small businesses are given a great deal of information at the outset of the business venture. Over time, the officers and directors of the company sometimes begin to provide less and less information to the investors…

  • Construction Law

    Construction Law

    Construction Law Practice Hays Firm LLC works with its clients to help them navigate the many complex, competing interests at work in any construction project. This complexity relates to issues arising from questions of liability, mechanics lien law, labor disputes, etc. The firm’s experience in construction law, real estate law and business transactions allows us…