What is an annual meeting? Every year, corporations gather together all their shareholders to talk about the state of the company. This is an annual meeting. It’s also called the “general meeting” or the “shareholder’s meeting.” Are all businesses required to hold an annual meeting? It depends. LLCs only need to hold one if required in the company’s [...]
Happy New Year! With the changing of the calendar come changes in the legal code. As of January 1, 2019, more than 180 new laws became active in Illinois, many of which impact small business owners in some way or another. You can find the entire list of new laws here, but we’ve highlighted several that affect small business [...]
Hey y’all, it’s Ian! Since I started as G & G Law’s Executive Legal Assistant, I’ve taken more notice of small businesses and their owners. Interacting with enthusiastic entrepreneurs on the daily will do that, I suppose, and what excites me most about our clients are their stories. Every enterprise is an extension of its founder; knowing the owner’s [...]
#ChiSmallBiz Most businesses in Chicago require a license from the city in order to operate, and the fees associated with this process can be expensive. In an attempt to alleviate this financial burden on entrepreneurs the Small Business Center of Chicago is offering a 2 year Business License for $125 (regularly the price for a 1 year license). [...]
Today would be my Grandma’s 94th birthday. She influenced my life in uncountable ways. One I’ve been thinking about a lot lately is her life’s work with my Grandpa: owners of the family hardware store passed down by my great-grandfather. Her name probably wasn’t listed on any official business documents, but she was just as foundational to the business [...]
