Posts by Ryan VanOsdol
Rising Stars Super Lawyers Recognition
The Business Law Group is proud to announce that its founder and managing partner, Ryan Van Osdol, has been named to the 2021 Illinois Super Lawyers’ Rising Stars list as one of the top business and business litigation attorneys in Illinois. No more than 2.5% of all attorneys in Illinois are selected to the list.…
Read MoreCollection of Accounts Receivable
Collecting accounts receivable in a timely manner is critical to your business. Efficient businesses are successful in collecting most accounts receivable with internal efforts. However, when major disputes arise or large accounts become delinquent, businesses should consider engaging an attorney to assist with the collection process. The first step is usually to send a demand…
Read MoreRegistered Agent for Illinois Businesses
The Illinois Secretary of State requires all business entities operating in Illinois to identify a registered agent. Registered agents serve as representatives for certain legal matters related to the business, such as accepting service of process. In addition, registered agents are responsible for maintaining compliance with certain state requirements, such as the timely preparation and…
Read MoreContractual Consideration
One of the necessary elements to create an enforceable contract is consideration, which is based on the concept of a “bargained for exchange.” This means that both parties to the contract are getting something of value in exchange for giving something of value. Consideration is not always monetary. It can be anything of value, such…
Read MoreFLSA Overtime Exemptions: Executive Exemption
We previously discussed the Fair Labor Standards Act’s (“FLSA”) requirement for employers to provide their employees with overtime compensation. We also mentioned that the FLSA provides multiple exemptions for overtime compensation. While there are several exemptions that may apply, today we will be focusing on the executive exemption. Neither job title nor payment of wages…
Read MoreSexual Harassment Prevention Training
Did you know that Illinois law requires all employers with more than 1 employee (regardless of whether they are W2 or 1099 workers) to provide sexual harassment prevention training to all employees each year? Business Law Group ensured that all of its General Counsel Package clients complied with this statutory obligation in 2020 and avoided…
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