On January 1, 2025, the Illinois Equal Pay Act which, as further explained will require employers to disclose pay and benefit information on the job postings that are publicly published. This Act applies to employers with 15 or more employees. Within 14 days of the...
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Federal Government Requires Companies To Identify Owners
In 2021, the Federal Government passed a law requiring a privately, for profit Company to report information about its owners to the Department of Treasury. The law is known as the Corporate Transparency Act, 31 U.S.C.A. §5336. The purpose of the law is to...
The Federal Government Bans Non-Competition Agreements
In April, 2024, the Federal Trade Commission (FTC) issued a new rule effectively banning existing non-competition agreements for all Workers, except for senior executives. Additionally, the new FTC rule bans an Employer from entering into or attempting to enforce any...
CHICAGO PAID LEAVE AND PAID SICK AND SAFE LEAVE ACT UPDATED FOR 2024
The City of Chicago Council passed an Ordinance updating the Chicago Paid Sick Leave Act. This Ordinance applies to all private Employers. The updated law provides for the following: 1) 40 hours of paid leave and 40 hours of paid sick leave for each 12 month period;...
Top 5 Issues When Reviewing and Negotiating a Commercial Lease
While businesses are still grappling with working from home policies for their employees, more and more companies are realizing the benefits of a physical location to meet the needs of their customers and employees. In that regard, when an owner/tenant is reviewing...
Selling Residential Real Estate Requires Full Disclosure of Specific Defects
Pursuant to the Illinois Residential Real Property Disclosure Act, 765 ILCS 77/1, the Seller is required to disclose whether it has any knowledge of any defective issues in 23 different construction items (“Items”). This Disclosure must be provided before the closing...
Beware of the Impact of the Lien Waiver
Beware the Impact of the Lien Waiver Halloween is approaching next month and along with it, we will all be exposed to very scary things. For a contractor, sometimes there can be nothing scarier than a lien waiver. Our firm was recently involved in a case wherein a...
PARTITION OF REAL ESTATE IS AN OPTION WHEN PEOPLE DO NOT HAVE A WRITTEN AGREEMENT TO DEAL WITH PROPERTY ISSUES
When people own real property with no written agreement, the individuals will need to resolve any issues by agreement or filing a partition claim. If by agreement, then no court intervention is required. There are several types of documents that can memorialize the...
In Order to Avoid Liability, the Employer Should Maintain and Enforce Safety Standards to Protect its Employees from Covid-19
Since the Covid-19 pandemic started, the issue of the Employer's responsibility to its employees has been much discussed, but no specific guidance has been provided by the State as to what is actually required by the Employer. Accordingly, this lack of direction has...
SBA LOANS AVAILABLE FROM THE COVID-19 CARES STIMULUS PACKAGE
On March 27, 2020, President Trump signed into law a $2 trillion coronavirus emergency stimulus package called the CARES (Coronavirus Aid, Relief, and Economic Security) Act. On Friday and throughout the weekend, the SBA has provided guidance to Lenders on the...
