Category: Business Management

Business Lawyers Role in Protecting Business Owners from Being Exploited

Posted on by in Business Law, Business Management

The laws that cover business activities in Chicago are numerous and complicated, but they all basically have one thing in common. They protect business owners from being harmed or exploited by others. For example, business law covers everything from credit cards and loans to mergers and acquisitions. A business lawyer can help you understand Chicago civil and criminal laws, including the Tort Reform Act and the Illinois Human rights Act.

 

If you’re looking for a great business attorney, you should consider hiring one at the recommendation of your friends or business associates. If you have a particular business law firm in mind, make sure you ask friends and business associates if they recommend a particular business attorney. Or, use the Internet to search for a business attorney in Chicago. There are many reputable and experienced business attorneys listed on websites specializing in finding attorneys and lawyers in Chicago.

 

Employment law is a branch of business law that protects employees from employer discrimination and abuse. In addition, it protects workers’ rights to equal wages and fair treatment by employers. A business lawyer knowledgeable about employment law can advise you about issues such as discrimination against employees because of their race, nationality, gender, or religion. He or she can also help you resolve any disputes you may have with your current or former employer. An experienced employment attorney can also protect your legal rights during employment, such as harassment or discrimination.

 

Another area of business law deals with securities law. Securities laws are designed to protect the interests of investors, especially those who purchase shares of stock in a company. A securities lawyer is recommended to clients who are thinking about purchasing shares of stock in a company. If a client develops information that contradicts the company’s information, a securities lawyer can advise him or her to get a new opinion.

 

One other branch of business law deals with the business practices of corporations and limited liability companies. This type of law addresses the issue of corporate fraud and other transactions that might affect a corporation’s assets and its capacity to create future profits. Business attorneys are also advised business lawyer in Chicagoto transactional law, which involves issues like shareholders’ equity, partnership, dissolutions, and bankruptcy. These attorneys are also advised to select the best corporate governance and transactional law firms for their clients.

 

Apart from advising their clients on legal issues and the best business practices, business attorney in Chicago is required to work with their clients in order to provide sound advice and to ensure that the client obtains maximum benefits from the transaction. For instance, if a business client wants to purchase or invest in a business that creates jobs or provides health care, the business attorney should work with his or her client to obtain the best possible deal. The attorney is also advised to ensure that his client takes advantage of tax laws and filing personal financial reports, among other things. Click here to learn more.

Bankruptcy Basics: Learning the Difference Between Chapter 7 and 13

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There are several legal laws in effect regarding how a debtor files for bankruptcy proceedings, said a bankruptcy lawyer serving in Florida. A debtor should become familiar with these laws before filing for bankruptcy. The laws regarding bankruptcy are different in each state, so it is important to know and understand them. Also, many people that file bankruptcy petitions fail to fully understand the legal rules governing bankruptcy, and thus miss deadlines in their claims and petitions. This article aims to provide a simple and easy explanation of bankruptcy law.

 

The first part of the procedure for bankruptcy proceedings is the filing of the petition. The petition must be filed with the appropriate county courthouse. Filing means informing the courts that you are not able to repay your debts. The court will then issue an order for you to repay your debts. In some cases, the bankruptcy petition is referred to as a petition for discharge. This simply means that the bankruptcy court has dismissed the case; however, it is still open for re-filing at a later date.

 

How bankruptcy proceedings are commenced is also important to understand. Once the petition for bankruptcy is filed, the case will be filed in the bankruptcy court. The bankruptcy court will hear both your creditors’ arguments. It will then render its decision concerning the bankruptcy petition. You may have a chance to speak with a bankruptcy lawyer before the court makes its decision.

 

How bankruptcy proceedings occur is also important to understand if you are a debtor. After the bankruptcy court renders its decision on the bankruptcy petition, you will then be notified by the bankruptcy court of its findings. You are then given a period of time to come up with a plan on how you can pay off your debts. If you do not comply, you may find yourself going back to court, as discussed above.

 

How bankruptcy proceedings occur can also be an important topic to discuss with your bankruptcy lawyer. Once the bankruptcy court renders its decision and you have made a plan to repay your debts, the bankruptcy court will enter its findings of fact. These findings of fact, if different from the bankruptcy petition, can determine whether you meet the requirements for filing bankruptcy. If you do not meet the minimum requirements, then you could be advised by the bankruptcy court to file for chapter 13 bankruptcy instead. Chapter 13 bankruptcy allows you to liquidate your assets and pay off your debts in a shorter period of time. Chapter 13 bankruptcy is considered by many people to be easier to follow.

How bankruptcy proceedings occur can be quite complex for those who do not have experience with bankruptcy proceedings. However, the more information you gain about how bankruptcy works, the more likely you will be able to keep your debt under control, even after filing for bankruptcy. There are a number of good books on the subject of bankruptcy that provide an in-depth look at what it is, and how it affects your financial life. The most important thing to remember when thinking about how bankruptcy proceedings may affect you is that the bankruptcy court’s actions are designed only to provide you with a fresh start. They cannot continue to re-order your finances, take property that you do not already own, or interfere with your freedom of speech and other economic activities.