New County Ordinance, Supreme Court Orders to Impact Landlords Landlords in Illinois, especially those in non-home-rule portions of Cook County, will face a raft of changes this spring in the wake of three state Supreme Court orders issued in late February, and a new ordinance passed by the Cook County…
Articles Posted in Chicago Business Lawyer
Will Virtual Online Transactions Become a Reality?
Are virtual business transactions the new reality? Once consummated in title company conference rooms amid seemingly bottomless stacks of paper, real estate transactions—like seemingly every other aspect of our lives—have gone virtual during the pandemic. While some home buyers opt to continue in-person closings where possible, others are either giving…
Digital Currency Gets Real
Crypto economy has arrived. An actual physical bank will soon be providing the full slate of deposit-taking, custody and fiduciary services for cryptocurrency such as bitcoin. The Cheyenne, Wyoming-based Kraken Financial on September 16 became the first digital asset firm in the U.S. to obtain…
Illinois Requiring Employee Training on Sexual Harassment Prevention
State Requires Sexual Harassment Prevention Training If you’re a small business owner and you haven’t trained your employees on sexual harassment prevention, you have until December 31 to stay in compliance with Public Act 101-0221, which amended the Illinois Human Rights Act to require such training this year and every…
New Hoops for Landlords to Jump Through on Eviction Lawsuits
Tenant Evictions Updated October 19 Gov. J.B. Pritzker issued an executive order on October 16 extending the statewide moratorium on residential evictions for another 30 days. Pritzker first put a hold on residential evictions through an executive order on March 20, the same day he issued a statewide stay-at-home order…
Will Commercial Real Estate Rebound?
Is commercial real estate set to rebound after 2020? The pandemic and resulting stay-at-home orders from governments and private employers has upended the commercial real estate market on a number of fronts. And we are now looking square into the Pandemic Recession which has just begun. For now, it’s merely…
Going Incognito from Your Smartphone
How private is your cell phone? Smartphones provide all kinds of information that advertisers might find useful, including the user’s locations throughout the day. While this information is aggregated and anonymized—excluding names and other identifiers—it’s possible that hackers or other malevolent actors could gain access to a user’s raw data.…
Pandemic Survival Tips for Small Business Owners
The Key to Surviving as a Small Business How can your business – and you – survive the COVID-19 pandemic? It’s a tall order. But small business owners have means of surviving. The corollary shutdowns have impacted 20% of small businesses, according to the U.S. Chamber of Commerce, and restrictions…
Entrepreneurs Should Examine Page Views for New Business Concept
Entrepreneurial Business Concepts Companies like GE, Disney and HP got their start during the Great Depression, while Airbnb, Uber, Slack and Venmo launched in cyberspace during the Great Recession. Taboola’s analysis of more than 8 billion page views, along with data from the aggregated readership among 1,000 of its publisher…
Businesses Should Re-examine Cyber Insurance Coverage due to COVID-19
Cyber Security Insurance UPDATED AUGUST 23, 2020 – A federal judge in Kansas has ruled that three Missouri restaurants can proceed with their claims against Cincinnati Insurance Company alleging that the policies also covered “physical loss,” which the insurers failed to define in the policies. The insurance company’s argument is…