Category Archives: Business and Corporate Law
Avoiding The Imposition Of Personal Liability For Corporations
Post Authored by Brian Bentrup The limited liability rule is firmly established in Illinois. It means that individuals are not personally liable for the debts of a corporation or a limited liability company (“LLC”). Piercing the corporate veil is a concept that applies to corporations and LLCs in Illinois. Specifically, it imposes personal liability… Read More »
Holiday Pay Guidelines
Since the Fourth of July falls on a Saturday this year, we thought it would be a good time to discuss holiday pay for exempt employees. Many employers plan to close on Friday, July 3 in observance of the holiday. If the employer does not have a written policy which provides for vacation pay… Read More »