How to Conduct Due Diligence When Buying a Business?

Answer When buying a business, it is your responsibility to make sure the company's affairs are in order before you finalize the purchase. This legal due diligence normally occurs in the 60 to 90 days pri... Read More »

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Due Diligence Checklist for a Small Business?

Buying a small business is a choice budding entrepreneurs often make. The advantage of purchasing an already functioning business is eliminating the risks associated with start-ups. Making the deci... Read More »

List of Items to See When Buying an Existing Business?

Several advantages exist to buying an established business instead of building the enterprise from the ground up. Before you make a decision about a purchase, considerable thought and investigation... Read More »

Can you conduct business in Illinois without a business registration?

All entities that do business in Illinois have to register with the state's Department of Revenue. No exception to this requirement is listed on the department's official website. Even government a... Read More »

How do you break a tie to conduct business or vote him out when irrational president refuses to cosign POA checks and also has 5 of 10 votes and bylaws do not specify any tiebreaking rules?

Your governing documents should contain a description of board votes, including the number of votes on the board. Usually this is an odd number, not an even number. Usually, you can find these in t... Read More »