All in Legal

Property Sellers - What You Need to Know about the Illinois Real Property Disclosure Act

The Illinois Property Disclosure report is intended to prevent home sellers from intentionally failing to report the condition of a property accurately in order to sell it. This form, provided to buyers before closing, gives the buyers a full and accurate picture of the home they are choosing to buy. Read on to learn more about your liability exposure under this law.

LLC Good Governance: Top 4 Best Practices

As a business owner, you’re responsible for the proper governance of the LLC.  If a conflict arises and you are unable to control the outcome, you can ensure that the LLC presents clear evidence of its intent and purpose by practicing good governance. Read on to find out the top 4 steps to practicing good governance.

Benefits to Hiring a Lawyer for Entrepreneurs

Entrepreneurs wear many hats, and it can be difficult to see from the inside when to ask for help. Set yourself up for success from the start by making sure you have the right attorney on your team. it’s never too late to bring an attorney on to round out your team. Read on to see how many areas the right attorney will touch in your business.

Preview the New 2019 Illinois Laws

On January 1, 2019, 253 new Illinois laws went into effect. As your Enterprise Esquire, we endeavor to keep up-to-date on all changes to the law that impact our clients. Read on to learn about the new real estate and business focused laws that may affect you!

Personal Creditors CAN Collect Debts from Your LLC Member Interests

An LLC has a corporate veil that protects a company owner from being personally liable for the business’s debts. Even though an LLC is created to separate the business’s finances from the members’ finances, an individual member’s interest in the LLC could become subject to a court order to pay a creditor in certain circumstances. Read on to find out how and when your LLC member interest could be attached by a personal creditor.

Illinois Landlord’s Guide to Source of Income Discrimination

Landlords and property managers must be familiar with “fair housing” federal, state and local laws. These laws are an important way to protect home buyers and renters, they are not always obvious to landlords and property managers. Take a look at our guide to learn about one specific aspect of fair housing that is unique to Chicago and Cook County, Illinois: source of income discrimination.

Illinois “Rent to Own” Contract Law

There has been an increase in home buyers purchasing real estate under an installment contract also called “rent to own” contract or contract for deed, rather than using a traditional mortgage. Read on to learn about the new installment “rent to own” contract law in Illinois is designed to protect home buyers who finance a home purchase using an installment contract.