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McKenna Minutes

“The life of the law has not been logic; it has been experience.”

-Oliver Wendell Holmes, Jr.

Business Law



Business Owners: You Can Protect Both Yourself in the Workplace and on Social Media with A Workplace Order of Protection

Business Owners: You Can Protect Both Yourself in the Workplace and on Social Media with A Workplace Order of Protection

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Is Someone Harassing, Intimidating, or Threatening Your Business?

In Illinois, businesses can protect themselves from individuals targeting them with acts of violence, stalking, threats, harassment, and property damage.


Categories Business Law


Illinois Employers Must Update Employee Reimbursement Policies by January 1, 2019

Illinois Employers Must Update Employee Reimbursement Policies by January 1, 2019

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The Illinois Wage Payment and Collection Act has been amended to require reimbursement of employees expenses, which may include higher ticket items like cellular phones, cellular data service fees, home computers and internet provider fees for employees who are expected to work remotely and more travel expenses.


Categories Business Law Employment Law


Power Of Personal Guaranty And Its Danger For Small Business Owners

Power Of Personal Guaranty And Its Danger For Small Business Owners

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In Antonucci v. SBA, the United States District Court for the District of Connecticut granted a motion for summary judgment in favor of defendants, U.S. Small Business Administration and the U.S. Department of the Treasury Bureau of the Fiscal Service, and against a business owner objecting to an administrative wage garnishment for a personal guaranty on a small business loan. No. 3:17-CV-01139 (MPS), 2018 U.S. Dist. LEXIS 168604 (D. Conn. Sep. 30, 2018). The case highlights the perils to a business owner inherent in the power of personal guaranty.


Categories Business Law


Small Business Investors Beware: An Individual Can Be Held Personally Liable for a Corporation’s Acts, Even If He or She is Not a Shareholder, Employee, Director or Officer of a Corporation

Small Business Investors Beware: An Individual Can Be Held Personally Liable for a Corporation’s Acts, Even If He or She is Not a Shareholder, Employee, Director or Officer of a Corporation

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I. Consider the Following Scenario…

Pretend that you are an investor in a new restaurant with a chef who desires to leave her current position. She thinks she will run an amazing restaurant.In addition, she even learned some delicious secret recipes from her current employer!


Categories Business Law General Litigation


Six Important Features of Purchase Agreements When Buying A Small Business

Six Important Features of Purchase Agreements When Buying A Small Business

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One of the most important aspects of selling or buying a business is the purchase agreement. Purchase agreements should clearly define the rights and obligations of each of the parties and accurately reflect the key terms of the transaction.


Categories Business Law


Four Sources of Information When You Need Financing For Your Small Business

Four Sources of Information When You Need Financing For Your Small Business

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Whether you are an entrepreneur starting a business from the ground up, an investor searching for an attractive franchise in which to invest or an owner in need of financial assistance for your small business during an economic slump, one of the most important factors is your ability to get the funds to finance your dream or to sustain your current enterprise. There are several sources to tap into for information about your financing options.


Categories Business Law


Business Formation Advice: Corporation v. Limited Liability Company

Business Formation Advice: Corporation v. Limited Liability Company

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Now that you have decided to commit your time and resources to starting your own business, the next crucial step is making a decision about the type of structure to choose for it. The two most common structures chosen by businesses are corporations and limited liability companies (LLCs). The type of structure you select will have management, liability and growth implications that a knowledgeable business law attorney can review with you to help you come to a decision.


Categories Business Law


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