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Chicago Business Attorney Blog

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What Would the ‘Workers’ Rights Amendment’ Mean for Your Business?

What Would It Mean for Your Business? Illinois voters will have the opportunity on Election Day, November 8, to vote “yea” or “nay” on an amendment to the state constitution that would protect workers’ rights to collectively bargain, while prohibiting state legislators from making Illinois a “right to work” state,…

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Asimov’s Robot Cannot Hold a Patent

Can I-Robot Hold a Patent? An obscure but telling sign of when the robots will have taken over will be in evidence when they’re allowed to be named as inventors on patent applications.  But that day—when “I, Robot”-like artificial intelligence is thusly recognized as rivaling that of humans—hasn’t come about…

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If the Alex Jones Text Fiasco was in Illinois?

  Texts can be held against you in court. Alex Jones lawyers (perhaps inadvertently) turned 2-years of texts to the lawyers for the Sandy Hook families. What would be the repercussions for the disclosure if the trial were in Illinois? The parents of a 6-year-old child that was killed in…

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State Retirement Plan Expands to Smaller Employers

Bellas & Wachowski – Chicago Business Lawyers Small businesses with 16 to 24 employees that have been operational for at least two years and don’t already offer qualifying retirement plans will, as of November 1, 2023 be subject to the requirements of the Illinois Secure Choice Savings Program Act.  Under…

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Chicago Adds Specifics—and Teeth—to Sexual Harassment Law

The City of Chicago’s newly amended sexual harassment ordinance, which takes effect July 1, will bring an enhanced definition of the term, new written policy and notice requirements, new training requirements for employers, additional safety measures, a longer statute of limitations—and heftier penalties for those found guilty. Every Chicago business…

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Small Business Debt Relief

Subchapter V for Small Business Owners For the past two years, small businesses whose bottom lines were impacted by the onset of COVID-19 enjoyed greater protections while going through Chapter 11 bankruptcy reorganizations in the form of higher debt limits under the Small Business Reorganization Act. That act, passed in…

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Student Loan Repayment

Repayment of Student Debt by Employers Retaining employees, and attracting new ones, has always been at the forefront of employer’s minds, but never more so than right now.  An extension of the student loan repayment plan for employers is one attractive way to stabilize your workforce. The CARES Act (Coronavirus…

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Metaverse Becoming a (Virtual) Reality

    The Metaverse The metaverse isn’t just for gamers anymore. With the rise of block-chain technology, cryptocurrencies, and non-fungible tokens (NFTs)—along with the increasingly realistic-looking realms created in virtual and augmented reality—these three-dimensional realms, best known for games like Fortnite and Roblox, are increasingly becoming a place to do…

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What is a non-fungible token (NFT)?

NFTs as a Business Asset Simply put, NFT’s (or “tokens”) are digital assets. Various examples include movies, drawings, music, and digital artwork. By their very definition, NFT’s are non-fungible, meaning that they cannot be traded for something else.  For example, Da Vinci’s original Mona Lisa is non-fungible; only one original…

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Data Management Key to Business Success

Data Management Key to Business Success Small businesses should have thorough, regular—and secure—processes for gathering, storing and interpreting data, which in the “Information Age” has become critical to staying a step ahead of competitors and the marketplace as a whole. Without deliberately planning and engineering the most effective ways to…

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