Articles Tagged with attorney

Typically, you want to avoid litigation. It can be expensive and time-consuming, and when it happens between business partners, it’s a surefire way to end that relationship. That said, sometimes it’s unavoidable. When pursuing litigation, it’s important to avoid the various pitfalls that could ruin your case. In this piece, we’ll discuss six common litigation mistakes and how to avoid them.

1. Neglecting Cost-Benefit Analysis

The first mistake may be that of pursuing litigation at all. It’s important to perform a cost-benefit analysis on what you hope to gain from your lawsuit. This not only tells you whether it is even worth pursuing, but it also helps you stay focused on what’s most important if you do decide to litigate.

Whether you run a community association for condominium owners, homeowners, or commercial owners, it’s vital to know how to keep within the bounds of both your agreements and the various laws that pertain to your organization. There are various fields of law at play here, including real estate, corporate governance, contract writing, and more.

To successfully manage your community association, consider these five tips.

1. Be Clear on Restrictions and Requirements

If your property tax bill seems too high, you may wonder if there’s anything you can do to lower it. One option is to challenge your property tax assessment, but that’s only effective in certain situations, particularly given how these taxes are calculated in Illinois. In this article, we’ll discuss how to decide whether you should challenge your property’s tax assessment.

How Property Taxes Are Determined

Before diving into whether you should challenge the tax assessment on your home, it helps to first understand how your taxes are calculated. In Illinois, a property’s taxable value is determined by an assessor from your county or township.

Employee lawsuits can be expensive, even if you end up winning. If you have employees, avoiding employment disputes is vital to success. Here, we’ll go over six tips for avoiding employment disputes.

1. Set Clear Expectations

First, employees are less likely to sue if your expectations are clearly set forth. By taking the time to make sure your requirements are both fair and clear, there’s less of a chance that an employee will feel that they are being treated unfairly.

Mergers and acquisitions are terms often used in the same breath, even to the point where we abbreviate them as M&A. However, while they both refer to the joining of two companies together, they are very different concepts.

Here, we’ll go over the differences between mergers and acquisitions and why you might opt for one or the other.

The Main Difference Between Mergers and Acquisitions

When a property owner fails to pay property taxes, the county in which the property is located creates a lien on it for the amount owed. Tax liens are sold in order to recoup losses from unpaid taxes, and the buyers of those liens get the benefit of investing in a piece of real estate.

What Is a Property Tax Lien?

A property tax lien is a claim on a piece of property for an amount owed in unpaid taxes. It is generated when the owner fails to pay their property taxes, and the lien itself may be sold to the highest bidder to recover that amount.

Often, severe accidents warrant filing a lawsuit. However, it’s important to recognize when legal action is appropriate. Attorneys evaluate cases based on their viability, meaning your case has to be worth pursuing before they take it on. They’ll do so by looking at a number of factors.

Factors to Consider Before Suing

Lawsuits can be expensive to pursue, so your attorney will need to determine whether your case is worthwhile. The factors that need to be considered before filing a personal injury lawsuit include the following.

The amount of commitment involved in a business acquisition is substantial, and it’s important to know what you’re getting yourself into in advance. Thorough due diligence is vital, but at the same time, it needs to be focused on information that’s relevant to the transaction. Anything beyond that is ultimately a waste that could prevent the transaction from ever closing.

Here, we’ll discuss the most important information to ask for prior to completing a business acquisition.

Company Information

A will can be a valuable component of any estate plan since it helps expedite the probate process. By making your last wishes known, you’ll make it easier for the court to make sure your property is divided appropriately. However, there are some items that really don’t belong on your will, either because they’d complicate the disposition of your estate or because it’s simply unnecessary to mention them.

Here, we’ll look at a number of items that you typically should not put on your will.

Anything with a Named Beneficiary

If you work remotely, you may be covered by workers’ compensation, even though your job duties don’t take you onto your employer’s premises. However, there are a number of factors that could impact your claim should you be injured on the job while working from home.

Remote Employee Vs. Independent Contractor

First of all, it’s important to distinguish whether you’re actually an employee. If you’re a freelancer or independent contractor, then you don’t qualify for workers’ compensation coverage.

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