Firm News Archives - Page 14 of 20 - Boodell & Domanskis, LLC

B&D Clients Use Comedy to Encourage Timely Sign Up for ACA Healthcare Coverage

B&D clients, indie filmmakers Jon and David Singer, have put their talents to good use, producing four comedy sketches to remind people to sign up for healthcare coverage before the ACA enrollment period ends December 15th. Click on any name to watch the videos: Stakeout, Ride Share, Old Flame, and Halloween. … Read More →

Important Regulatory Changes for Our Trucking Industry Clients Will Be Effective January 1, 2018

Since 1991 the federal government has required drug and alcohol testing of safety-sensitive transportation employees. The Federal Motor Carrier Safety Administration (FMCSA) defines these drug and alcohol testing rules and regulations for employees who drive commercial trucks and buses that require a commercial driver’s license (CDL). These regulations identify who… Read More →

The Illinois Business Brokers Act: An Obscure Law That Provides Important Opportunities

Though many Illinois professionals and attorneys are unaware of the existence of the Illinois Business Brokers Act, 815 ILCS 307/10-1 (“the Act”), it includes a number of requirements for those involved in the sale of businesses and could provide important opportunities for parties in disputes over those sales. The Act… Read More →

New Protections for “Rent-to-Own” Contracts in Illinois

On January 1, 2018, home buyers who choose to finance their purchase through Installment Contracts, also known as Contracts for Deed or, colloquially, “rent-to-own” contracts, will gain new protections under Illinois law through the Installment Sales Contract Act. Installment contracts provide an alternate method of financing the purchase of property… Read More →

Innovation on the South Side: Project H.O.O.D.

By Antanas K. Riskus, Intern at Boodell & Domanskis, LLC In dealing with and living in the fast-paced Chicago business world, it is important to remember that there are many nonprofit organizations that also need legal help in accomplishing their various missions. Boodell & Domanskis is happy to represent one… Read More →

Life Happens – Keep Your Estate Plan Updated

An estate plan is often, unfortunately, not always high on people’s to-do lists. Once someone signs an estate plan, they may, erroneously, think they have permanently crossed this task off their to-do list. They take their estate plan, put it in a safe place, and never think about it again. This… Read More →

Your Tenant Filed Bankruptcy: What Should a Landlord Do? (Part II)

Part II – Landlord Claims for Damages in Bankruptcy In our prior post in this series, we provided an overview of the most significant issues for commercial landlords that arise once a tenant files bankruptcy. Perhaps most consequential to landlords is the decision by a debtor tenant to assume or… Read More →

Your Tenant Filed Bankruptcy: What Should a Landlord Do? (Part I)

Part I – A Bankruptcy Primer It is an often too frequent scenario for a commercial landlord: a landlord will be served with a notice that a tenant has filed for bankruptcy. The landlord will quickly refer to the tenant’s lease and find that the lease is unclear as to… Read More →

Real Estate Commissions – A Primer for Business Owners

Owners/occupiers of commercial real estate may find themselves from time to time employing real estate brokers to represent them in commercial real estate transactions. To help business owners that find themselves needing to engage a real estate broker, I will explain here some of the basics of real estate… Read More →

Considerations Before Starting Your Nonprofit

I often receive calls from people who want to start a nonprofit. I first carefully listen to their ideas and ask questions to better understand what they want to accomplish. I then probe their motivation and explore some of the risks. This sometimes surprises people because they assume that after… Read More →

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