Membership Interest Purchase Agreement

Membership Interest Purchase Agreement

When owners of a limited liability company (LLC) want to sell the whole business, a Membership Interest Purchase Agreement (MIPA) is the tool of choice to complete the transaction.  A MIPA sells the membership interest of the LLC.  This is different from an Asset Purchase Agreement (APA) where only specific assets and not liabilities of […]

Dormant Commerce Clause Litigation in Social Equity Cannabis

dormant commerce clause

The dormant Commerce Clause of the Constitution prevents states from discriminating against out-of-state actors in interstate commerce. The dormant term refers to its negative implication rather than express text. Courts have found a negative aspect embedded in the language that prevents state and local governments from impeding the free flow of goods from one state […]

When to Hire a Contract Lawyer?

What is a contract attorney? A contract lawyer is a lawyer who specializes in providing assistance with business contracts. A contract lawyer can help you negotiate and draft contracts, review existing contracts, and advise you on legal issues related to your contract. What is a contract? Legal contracts are binding agreement between two or more […]

How to start an LLC in Illinois?

If you want to know how to get an Illinois LLC, you are not alone; limited liability companies, or LLCs, are popular business entities. Their formations skyrocketed in the late 1990s after the IRS changed its rules, allowing LLC owners to choose to get taxed as partnerships or corporations. Establishing an LLC can feel complicated […]

When to sue a business partner?

There are various grounds on which you can sue a business partner. The most common reason for suing a business partner is breach of contract. Other reasons include things like fraud, misrepresentation, or theft. If your business partner has undertaken actions that have caused damage to the business, you may be able to sue them […]

How to protect your business in a lawsuit

business lawsuit

How to protect your business in a lawsuit If you find yourself in the unfortunate position of being sued, the first thing you need to do is contact a business attorney. It’s normal to feel overwhelmed, and upset, but if you want to keep your business and its reputation intact during this time, it’s important […]

How to Transfer Your Business With a Business Sale

large companies

A company sale is a transfer of ownership from the corporation to a buyer. Sales agreements may be for assets such as plant and equipment, intangible assets such as patents and copyrights or an interest in the shares of the corporation to new owners. A business sale is binding, and as such legal representation is […]

Illinois Attorneys

Illinois

There are many different types of Illinois attorneys that practice law in many different areas of Illinois law. Each one specializes in a different area of the law that requires different types of legal advice from offices helping children to those that negotiate documents for businesses, or even those that provide separation and custody services. […]

Business Formation Lawyers

business formation lawyers

Are you looking for business formation services to set up a business partnership? Liability protection, income tax, and ventures that need a partnership agreement are key motivators for a new business. A business partnership is a relatively easy entity to set up, but it does have its drawbacks. One primary drawback to setting up your […]

Commercial Litigation Attorney Chicago

outside general counsel

COMERCIAL LITIGATION ATTORNEY CHICAGO If you’re involved in a complex business dispute that can’t be resolved through negotiation or arbitration, it may be time to hire a commercial litigation attorney. Commercial litigation attorneys have experience with a wide variety of civil litigation issues and can help you resolve your dispute in a timely and efficient […]