Piercing the Corporate Veil in Illinois: When Business Owners Face Personal Liability
Can I Be a Partner in a Business Without a Formal or Written Agreement? The simple answer is yes. A written partnership agreement is helpful and is the best way to avoid confusion, but it is not always required for a partnership to exist. In Illinois, a court can find that people were partners even […]
Can I Be a Partner in a Business Without a Formal or Written Agreement?
Can I Be a Partner in a Business Without a Formal or Written Agreement? The simple answer is yes. A written partnership agreement is helpful and remains the best way to avoid confusion, but it is not always required for a partnership to exist. In Illinois, a court can find that parties formed a partnership […]
When Big Tech Contracts Break Down: Lessons from the Microsoft-OpenAI-Amazon Dispute
A high-stakes dispute among Microsoft, OpenAI, and Amazon is drawing widespread attention — not just because of the eye-catching dollar figures, but also because it reveals how technology partnership agreements can fracture under pressure. For any business that relies on contracts, licensing deals, or exclusivity arrangements, the story offers timely and practical lessons. What Happened […]
A How-To Guide for Business Breakups for Partnerships, LLCs, Corporations, and Everything in Between
Article description: The below is not to be considered legal advice. Instead, this article provides practical, Illinois-focused points to consider for ending partnerships, LLCs, and corporations. It discusses reasons partners split, legal rules (with statute citations), buyout options, valuation basics, and litigation alternatives. Why this guide exists (and who it’s for) Business breakups are stressful, […]