All the responsibilities and risks of starting or running a business, things like contracts for employees, leases for property, taxes, and insurance fall to the owner. Hiring an excellent attorney is essential. Bell & Shah, LLC can help.
How to Keep Your Business Safe
Protecting a business starts with choosing the right business structure. Whether it is a sole proprietorship, a partnership, a limited liability company, a type of corporation, a nonprofit, or a cooperative the business structure determines your taxes, paperwork, and liability. The nuances do matter though.
Entire books have been written on transaction laws. Consulting with Bell Shah Law, LLC provides an attention to the details in laws surrounding your business. Entrepreneurs and companies in the Chicago area seek our dedication and focus needed to maximize growth.
For real estate, the purchase is a legal process and an investment. We will represent clients for the entire process. Drafting and reviewing contracts, handling changes to contracts, tracking deadlines, preparing to close, and attending the close with or on behalf of the client are just some of the ways we can assist. Let us handle these complex issues so you can focus on other aspects of the business.
Protecting business transactions is a top priority for our team. This means creating and reviewing employment contracts, independent contractor agreements, executive compensation agreements, noncompete agreements. We also oversee complex mergers and acquisitions.
Our attorneys can also provide guidance and assist in small business formation. Once the business is established consultations can continue. With ongoing consultation for small businesses tax and liability risks are greatly reduced. Legal matters can be handled as they arise as well.
We Are Committed to Helping All Business Owners Around Chicagoland
With guidance from our attorneys who focus on a higher level of service your business can thrive. While growth is very positive it also carries some risks. Check out some tips we have on how to grow your business while still keeping it protected.
Our experts are happy represent our clients throughout the entire process of starting your business to protecting it all. Reduce the risks with Bell & Shah, LLC. Call us now to manage your current and future business transactions.
Many careers require you to obtain a license.
- Accountants, auctioneers, and auction firms
- Physicians, dentists, and nurses
- Mortgage and real estate brokers
- Architects or engineers
- Construction and building trades.
This shows vast knowledge or specialized skills for a specific job. Licenses take hard work to acquire and maintain but gives you a legal authority to work in the occupation. Many licenses will require an ongoing education. A license not only verifies your credentials it brings trust to a client. It gives you value and allows more responsibilities from your employer.
You May Also Be Required to Have a Business License
It depends on the business to. Bars have wildly different requirements to salons. Social workers will have different requirements than a nurse. It also varies by state, county, and city. Without a license you could be fined, or your business could be shut down. Add in building, fire, and occupancy permits it gets complicated fast. Do not risk your business to license errors.
Protect Your Professional Career
If an inquiry is file with Illinois Department of Financial and Professional Regulation, it needs addressed as soon as possible. From the initial inquiry through disciplinary hearings, we can help guide you through licensing boards. We serve clients who are reapplying for a license or been denied licensure. Experience working with IDFPR allows us to understand department processes and rulings. A professional approach developed positive outcomes for our clients.
Attention to Details
When navigating the license board there will be deadlines and strict rules. Simple mistakes can have heavy consequences. Our team has the knowledge to aggressively defend your license and our goal is avoiding discipline. Facing fines, suspension, probation, penalties, or revocation our goal is your best outcome.
It can be helpful to have experience, knowledge, and compassion at your side. At we have a team of dedicated attorneys that can assist through many problems you and your license may be facing. Call us during a difficult time in your career and we will be advocates throughout the process. It is hard enough to run a business but Bell Shah, LLC is here to help.
If you have declared bankruptcy in recent years, you may be concerned about your ability to purchase a home. While it is true that bankruptcies will stay on your credit report for up to ten years, they don’t necessarily make it impossible to get a mortgage. In fact, bankruptcies are designed to help you get your finances under control so you can repair your credit in order to qualify for mortgages and other loans. Here are some of the ways a real estate attorney can help you deal with your bankruptcy.
They Can Offer Reassurance
The first, and many might even same the most important, thing a real estate attorney can do is to reassure you that your bankruptcy isn’t going to stand in your way of homeownership. If you provide your lawyer with information regarding your finances, assets, and credit history, they will be able to determine how likely it is you will be able to secure the mortgage for the home you want at the terms you want. While the myth is that a bankruptcy makes getting a mortgage impossible, the truth is that it truly depends on your unique financial situation. A legal expert who understands real estateand lending laws can walk you through your finances and offer reassurance.
They Can Point You Towards the Right Resources
There are a number of mortgage companies and other programs out there that will work with those who have bankruptcies. Some of these programs will assist you with rebuilding your credit. Some lenders will even work with you to get the best rate or may offer options such as a two-year adjustable rate mortgage that can later be converted over to a conventional loan if your finances remain strong. If you’ve built your credit up enough, you may even be able to qualify for a prime rate mortgage now. FHA and VA loans, for example, can often be secured in as little as a year after your bankruptcy is finalized.
Looking for a real estate attorney who can help you secure financing for your dream home? Contact Bell & Shah Law today.
Growing your business is necessary if you want it to truly become successful, but growing also comes with a risk. If you grow your business too fast or too soon, you may find yourself quickly facing declining profits and bankruptcy. Move too slowly, however, and you may find your competitors have claimed most of the market. If you’re a business owner, here are a few tips for growing your business while still protecting it.
Look at the Numbers
You may want to expand your business and even have ideas for doing so, but in order to grow without over-extending yourself, you have to look at the numbers. If the profits simply aren’t there, you have to old off growing your business or grow it in a much smaller manner than you’d like. Growing your business often does mean taking risks, but protecting your business means making sure those risks are not too great and will pay off. The numbers will often tell you when you can leap and when you need to hold back.
Watch Your Competition
If other businesses in your industry are suddenly scaling back, canceling plans, and signaling that they are concerned about the market, it’s likely not a good time to grow your business. You can protect yourself by watching when others start to grow or pull back. It can be tempting to try to grow and corner the market while your competitors are shying away from growth, but doing so is often a mistake.
Understand Your Industry
Understanding your industry is vital to both growing and protecting your business. If your industry tends to be on the volatile side, the rapid changes may make it seem like it’s never the time to grow. By understanding your industry, you’ll be able to get a good feel for when it’s about to expand. To fully recognize when it’s time to grow and when it’s not, look at the history of your industry to spot trends. Keep an eye on current trends, too, including changes in law, regulations, licensing requirements, technology, and competition.
If you have questions about the legal aspects of your industry and growing your business, you need an expert. The team at Bell & Shah Law can answer any questions you might have. Contact us today to discuss your business’s legal needs.
Your estate plan, which includes your will, any trusts you create, and other documents, is typically not something that is set in stone. This is because you may experience a number of life-changing events after you complete your estate planning that require you to make some updates to these documents. Here are a few of the life-changing events that could occur and how they could impact your estate plans.
You Get Married or Divorced
If you get married, you’re going to need to completely revamp your estate plans. While your spouse will typically inherit your entire estate if you die, you may not necessarily want that to occur. For example, if you have children from a previous relationship, you may want to make certain they receive specific parts of your estate. You might also want to leave specific assets to a charity or other organization. You may now need to create a trust or at least update your will.
Getting divorced is another reason to change your will and other documents. You may have planned your estate with the idea that your spouse would inherit all or most of your assets, and that’s no longer the case now. You will need to designate heirs for those assets and may need to designate a new executor for your estate.
You Have Children
Another major life change that requires you to update your estate plans is if you have children. If this is your first child, you may need to change much of your plan. If you already have children, there may not be as many changes needed, but you will still want to acknowledge them as an heir in the paperwork. You may also want to set up specific trusts for your children to ensure that they use some of their inheritance for college or other specific purposes.
Finding Legal Assistance to Redefine Your Estate
No matter how your life has changed, you need to make certain your estate is updated. You also want to make certain your estate plan is fully valid legally and covers everything it should. To that end, you will want to work with the legal experts at Bell & Shah Law to plan out your estate. Contact us today to schedule a visit.