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The Business Resource for Suburban Chicago
Saturday, February 06, 2016 1:11 AM
  • Effective Jan. 1, the DuPage County Circuit Court became the first county in Illinois to implement mandatory electronic filing of civil cases. Gone now are the days when law firms sent their clerks racing to the courthouse door to beat the closing time of 4:30 each afternoon. In the news release announcing this mandatory e-filing requirement, Chief Judge Kathryn Creswell stated, “Electronic filing provides advantages in time, labor and convenience to the court, the clerk and the litigants.”

  • Affordability is a major issue for moderate income households, particularly in urban areas. In many communities, the monthly cost to own a home is less than rent on a comparable home, but moderate income buyers have difficulty qualifying for a mortgage, especially for a condominium unit.

  • As a business owner, it can be hard to focus on the big picture because of day-to-day tasks that can consume your time. It is easy to lose sight of long-term goals and forget to make plans for future changes in circumstances.

  • In the dark ages, companies with diverse business interests had to establish multiple LLCs to limit their liability.

  • Increasing the value of a business may seem like an intimidating process. It could take many years to accomplish but knowing what drives this value is essential to having an impact. Determining ways to grow, reduce risk, and maximize a return on investment are at the core of these drivers.

  • CHICAGO — Law firm Ice Miller LLP is expanding in Illinois and has taken over the entire 35th floor at 200 W. Madison St. in the Chicago Loop, with the addition of offices, conference rooms and an employee cafe.

  • LinkedIn has transformed the way people build and promote their professions. LinkedIn is more than an electronic rolodex. It is a convenient portal for members to not only share their professional status but also stay updated on the professional lives of current and former peers, colleagues, clients, and classmates. By its nature, it also presents challenges to employers seeking to enforce and employees seeking to abide by non-competition and non-solicitation provisions in employment agreements.
  • WHEATON — The Illinois Supreme Court has appointed David F. Rolewick to serve as vice-chairperson of the Attorney Registration and Disciplinary Commission.

  • On Sept. 9, 2015, the Department of State published a visa bulletin confirming that as of October 1, new procedures would allow some foreign nationals to file green card applications several years earlier than expected. Green card applicants with pending applications are eligible for additional benefits, including temporary employment authorization and international travel permission, so this announcement was celebrated by many.
  • INDIANAPOLIS -- Ice Miller LLP announced it has opened a new office in New York.
  • When Hillary Clinton was reprimanded for using a private server for official emails, many of us began to consider our rights at work more closely. Employers can indeed take legal recourse against employees who take advantage of tools provided for business use. This includes not only email, but also company cell phones, company cars, etc. All come with certain employee responsibilities.

  • Recently, an interesting shift has taken place in the realm of lower-middle market merger and acquisition transactions (focusing on privately-held companies with revenues generally less than $20 million). Deal flow has increased substantially as cash-rich buyers sitting on the sidelines have found more opportunities to invest their capital, partially due to the continuing recovery from the financial crisis and to a large group of Baby Boomer sellers seeking to retire. The presence of healthier lenders with increased liquidity and a growing appetite for deal flow has only added to a richer and more robust M&A environment.

  • Merchants have a certain opinion about American Express (Amex), and often, it’s not pretty. Common complaints include: Accepting Amex is expensive; it has complicated terms of use; it limits promotions for the merchant’s other (less expensive) methods of payments, and it restricts marketing promotions.

  • Mention the word “crowdfunding” and most people immediately think of the Internet funding platform, Kickstarter. While Kickstarter is a type of crowdfunding, it is not the only type. Crowdfunding is a method of funding a project or business by raising small amounts of money from a large number of individuals, usually accomplished over the Internet. There are four main categories of crowdfunding and they are identified based on the type of return (if any) the person who is investing is expecting to receive for their investment. The four categories are: (1) donation based; (2) rewards based; (3) debt based; and (4) equity based.

  • INDIANAPOLIS  – Ice Miller has been named among the 2015 “Best Law Firms for Women,” by Working Mother and Flex-Time Lawyers.
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