Business Law

BUSINESS LAW

Guiding your company through formation, expansion, and succession

In today's business environment, financial and legal issues are intertwined more than ever before. Whether you are an entrepreneur or own an established business, as your business evolves from formation to expansion to crafting an exit strategy, your legal needs change. Whether your business is small or large, every business needs effective legal representation. The business attorneys at Lavelle Law will guide you through your company's growth cycle, from beginning to end.

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An essential part of a good contract is often overlooked. Learn about fee shifting provisions.
By Joseph O. Upchurch and MaryAllison Mahacek 23 Apr, 2024
Between the state of Illinois and federal courts, there are well over 200 statutes that deal with fee shifting provisions. They lay out ways in which legal fees may become the responsibility of one party in a lawsuit. In this video, Lavelle Law Associates Jodie Upchurch and MaryAllison Mahacek discuss ways that these provisions should be included in contracts and how they can be used advantageously.
Watch this video if you are considering setting up a medical spa in Illinois.
By Eso H. Akunne 12 Apr, 2024
Businesses classified as medical spas have a variety of special considerations that must be adhered to in the state of Illinois. In this video, Lavelle Law attorney Eso Akunne discusses critical issues that must be met to operate with state laws. If you are interested in getting involved in this rapidly growing industry be sure to watch this video.
Delaware Chancery Court Nullifies Common Stockholder Agreement Terms
By Steven A. Migala 09 Apr, 2024
In a significant ruling by the Delaware Court of Chancery, specific terms within a stockholder agreement were invalidated. Presided over by Vice Chancellor J. Travis Laster, the case of West Palm Beach Firefighters’ Pension Fund v. Moelis & Co., No. 2023-0309-JTL (Del. Ch. Feb. 23, 2024), scrutinized the limitations imposed on the board of directors’ authority by a stockholder agreement under the Delaware General Corporation Law (“DGCL”). This decision challenges the conventional structuring of stockholder agreements involving a controlling stockholder.
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