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Articles Posted in Chicago Small Business

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New Year Resolutions for your Small Business

Rarely does something that is forced affect a lasting difference, much less result in an improved circumstance. That said, as I considered another flip of the calendar, I decided to at least partially break my own rule and to offer what I will call a few suggestions that just might…

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Corporate Transparency Act (CTA) – REPORTING SUSPENDED (again)!

Corporate Transparency Act Updates WHO’S ON FIRST? ANOTHER UPDATE ON THE CORPORATE TRANSPARENCY ACT New Reporting Deadlines and Ongoing Legal Drama On December 23, 2024, a federal appeals court granted a stay over the nationwide injunction issued by a federal court which flipped the requirements for filing around (again!).  The…

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Browser Tracking Software – Is this a wiretap violation?

Wire Tapping vs. Browser Tracking? Software like Meta Pixel and Google Analytics that website operators use to track what sites a person visits, or what footprint they leave on those sites, is not subject to the same restrictions as wiretapping a phone line, according to a split decision from the…

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How to Keep Workplace Parties Festive and Harassment-Free This Holiday Season

Holiday Business Parties With the holiday season in full swing, workplaces often become the site of parties, gift exchanges, and other festive activities.  These activities foster camaraderie among coworkers and allow teams to celebrate their accomplishments.  Unfortunately, though, they can also sometimes lead to inappropriate behavior, including sexual harassment, which…

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Corporate Transparency Act Update: Nationwide Injunction Halts Enforcement

Corporate Transparency Act In a significant development, a Texas federal district court has issued a nationwide injunction temporarily blocking enforcement of the Corporate Transparency Act (CTA). This decision, handed down on December 3 in Texas Top Cop Shop, Inc. v. Merrick Garland (Case No. 4:24-cv-478), deems the CTA and its…

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Engagement Ring – Gift or Contract?

Conditional Gifts? A recent decision by the Massachusetts Supreme Judicial Court has sparked interest across legal circles.  In a case centered around a $70,000 engagement ring, the court ruled that an engagement ring must be returned to the purchaser if the marriage does not take place, regardless of who may…

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 REMINDER! Mandatory Reporting Deadline under the Corporate Transparency Act

Corporate Transparency Act This is big reminder for every small business owner. Under U.S. Corporate Transparency Act (CTA), most corporations, limited liabilty companies and other legal entities, including homeowners’ associations (HOAs), condominium associations, and co-op associations, are required to file Beneficial Ownership Information (BOI) with the U.S. Financial Crimes Enforcement…

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Insurance Coverage for BIPA Violations: A Growing Challenge for Illinois Businesses

Insurance Coverage for BIPA violations. Businesses across Illinois are facing serious challenges in securing insurance coverage for lawsuits brought under the Biometric Information Privacy Act (BIPA).   And a recent decision by the federal court in Chicago – Westfield Insurance Company v. UCAL Systems, Inc. – dealt yet another blow to…

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NOTE TO CHICAGO EMPLOYERS: New Chicago Paid-Leave Law Takes Effect 7.1.24

Chicago Paid Leave Ordinance Employers physically located within the City of Chicago need to be ready as of July 1 to implement the new Chicago Paid Leave and Paid Sick and Safe Leave Ordinance, which stipulates that covered employees can earn up to 40 hours of paid sick leave and…

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Using AI to Create Content? Watch Out for Copyright Violations

AI & Content Creation Businesses using generative AI programs like ChatGPT to create any content—whether for blogs, websites or other marketing materials, and whether text, visuals, sound or video—need to ensure that they’re not inadvertently using copyrighted materials in the process. Clearly, the times they are a changing….and businesses need…

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