The Letter of Intent and Commercial Leasing

If you are a lawyer who is retained by a commercial tenant, it is imperative to remember that most leases are drafted by the landlord (or their attorney) and will be drafted in favor of the landlord.  Making sure that your client doesn’t skip over the lease terms by assuming all the language is boilerplate

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What does an Illinois Creditors Rights Attorney do?

  Whether you are a traditional lender, like a bank, or you have a judgment or need to collect money owed, our law firm can help you enforce your rights to payment of a debt.  Our firm handles all aspects of collecting a debt from individuals and businesses alike.  The process normally begins with pre-litigation

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Illinois Small Claims – When Should you Sue?

We have a lot of people who ask us for help with a case that is for a relatively small dollar amount.   Do not get us wrong, if someone owes you $2,000 that is real money.  However, we feel its unethical to have the attorneys fees and costs possibly end up being more than

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Chicago Tenant Rights with Respect to Security Deposits

The five violations under the Chicago Residential Landlord Tenant Ordinance (“RLTO” or “CRLTO”) for which statutory damages may be awarded under 5-12-080 of the Chicago Municipal Code are detailed below and apply to Chicago renters who have given their landlord a security deposit.  So long as your landlord is subject to the Chicago RLTO (the lion’s share

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How to Form an Illinois LLC

A Limited Liability Company (“LLC”) is a excellent vehicle to incorporate your Illinois business due to its hybrid business structure.   The members are insulated from person liability for the debts of the LLC, much like a corporation, but shares some of the same tax benefits of a sole proprietorship.  The other benefit, is the relative ease

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