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What is a non-fungible token (NFT)?
NFTs as a Business Asset Simply put, NFT’s (or “tokens”) are digital assets. Various examples include movies, drawings, music, and digital artwork. By their very definition, NFT’s are non-fungible,...
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Metaverse Becoming a (Virtual) Reality
The Metaverse The metaverse isn’t just for gamers anymore. With the rise of block-chain technology, cryptocurrencies, and non-fungible tokens (NFTs)—along with the increasingly realistic-looking...
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Student Loan Repayment
Repayment of Student Debt by Employers Retaining employees, and attracting new ones, has always been at the forefront of employer’s minds, but never more so than right now. An extension of the...
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Small Business Debt Relief
Subchapter V for Small Business Owners For the past two years, small businesses whose bottom lines were impacted by the onset of COVID-19 enjoyed greater protections while going through Chapter 11...
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Chicago Adds Specifics—and Teeth—to Sexual Harassment Law
The City of Chicago’s newly amended sexual harassment ordinance, which takes effect July 1, will bring an enhanced definition of the term, new written policy and notice requirements, new training...
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State Retirement Plan Expands to Smaller Employers
Bellas & Wachowski – Chicago Business Lawyers Small businesses with 16 to 24 employees that have been operational for at least two years and don’t already offer qualifying retirement plans will,...
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If the Alex Jones Text Fiasco was in Illinois?
Texts can be held against you in court. Alex Jones lawyers (perhaps inadvertently) turned 2-years of texts to the lawyers for the Sandy Hook families. What would be the repercussions for the...
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Asimov’s Robot Cannot Hold a Patent
Can I-Robot Hold a Patent? An obscure but telling sign of when the robots will have taken over will be in evidence when they’re allowed to be named as inventors on patent applications. But that...
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What Would the ‘Workers’ Rights Amendment’ Mean for Your Business?
What Would It Mean for Your Business? Illinois voters will have the opportunity on Election Day, November 8, to vote “yea” or “nay” on an amendment to the state constitution that would protect...
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On the Seventh Day, Employers Must Allow Rest
Illinois Amends One Day in Seven Rest Act The new year will bring with it activation dates for new or amended state legislation that passed earlier this year, some of which will have an impact on...
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How Often—and How—Do Family Businesses Survive Transition?
How Do Family Businesses Survive Transition? The Cornell University Smith Family Business Initiative says that more than three-quarters (77%) of small businesses rest on significant family...
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Family-Owned Business Succession—or Dissolution?
Family Owned BusinessSuccession or Dissolution? They make great stories when they’re successful, but maintaining continuity of family-owned businesses from generation to generation presents many...
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Buyer of Nontraditional Legal Services, Beware
Buyer of Nontraditional Legal Services, Beware All kinds of business forms are being offered online, and many of them for free. Stand-alone paralegal services are offering various sorts of assistance...
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Limiting NDAs for Sexual Harassment
Are NDAs for Sexual Harassment dead? Employers will no longer be able to require workers to sign upfront non-disclosure agreements (NDAs) pertaining to sexual harassment incidents they have...
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Looking ahead to 2023
2023 Business Outlook 2022 started out with the hope of a recovery from the pandemic but ended with a recession. With the advent of 2023 we are left to ponder on what is ahead for businesses in 2023....
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Changes Coming for Veteran Owned Businesses
Self-certification for veteran-owned and service-disabled veteran-owned small businesses is being eliminated, and a number of other changes went into effect on January 1 as a result of an updated...
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Who will regulate AI?
If the robots start taking over, you can’t necessarily expect the government to protect you. That isn’t to say the public sector isn’t paying attention. President Biden and Vice President Harris met...
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Getting Paid in Cryptocurrency?
The pros and cons of accepting Bitcoin and other online payments for small businesses What are the risks of small businesses taking payments in Bitcoin and other cryptocurrencies? What are the rewards?...
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How to Avoid Crypto-Scams
How to Avoid Crypto-Scams Do you accept cryptocurrency in exchange for your company’s goods and services? Or are you thinking about it? Continue reading
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NLRB Rules Most Employee Non-Competes Unenforceable
Are Non-Competes Really Enforceable? Most non-compete agreements between employers and employees violate the National Labor Relations Act, according to a May 30 memo from Jennifer A. Abruzzo, general...
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