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Posted on in Business Law

IL business lawyerResolving legal conflicts in business and other areas can be complicated and frustrating for anyone, but the prospect of conflict resolution can feel even more daunting — and potentially biased — for members of the Muslim community. Common legal practices in the West rely on rules and individual responsibility, and as such, lawsuits are routine and necessary. Such practices can corrupt the ethical assumptions and religious or sociocultural practices of persons who do not ascribe to Western norms. All of this is to say that conflict resolution, particularly involving members of the Muslim community, can be complicated in relation to the U.S. judicial system.

Lawyers who regularly work with members of the Muslim community are trained to think outside of the box and to come up with unique solutions to legal and business disputes that arise between and among community members. There are multiple methods of alternative dispute resolution (ADR), and other non-judicial options, for resolving conflicts.

Mediation as a Helpful Alternative for Resolving Conflicts

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Illinois business lawyerWhen you go into business with another person in DuPage County, you may have entered into a partnership. However, there are many different kinds of business structures, and disputes among business owners are handled differently depending upon the type of business structure you have. To understand the different options for handling partnership disputes, it is important to learn more about partnerships generally. Then, we will explain the different ways that a partnership dispute can be addressed and how a DuPage County business law attorney can help.

What Is a Partnership and How Do Partnership Disputes Arise?

A partnership is a business structure that is owned by two or more individuals. There are two different types: general partnerships and limited partnerships. General partnerships are those in which the partners equally take responsibility for the business, meaning that they share debts and business obligations. Limited partnerships are a bit different in that they have general partners and limited partners. The general partners have similar obligations as partners in a general partnership, but limited partners typically invest in the company without having any control over it (or liability for it).

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Posted on in Business Law

Illinois divorce lawyerWhat is alternative dispute resolution (ADR), and how can it help in DuPage County business law matters and family law cases? According to the Cornell Legal Information Institute (LII), alternative dispute resolution is defined as “any method of resolving disputes without litigation.” In other words, alternative dispute resolution allows for grievances, complaints, and disputes to be handled outside of the courtroom. There are numerous types of ADR, but the two most common forms are arbitration and mediation. How do these ADR processes work, and why should businesses use them?

Understanding Alternative Dispute Resolution Under Illinois Law

Chapter 70 of the Illinois Statutes governs alternative dispute resolution in the state. Examples that are often relevant to small business in DuPage County include but are not limited to:

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Illinois business lawyerAre you thinking about forming a not for profit corporation in Oakbrook Terrace or elsewhere in DuPage County? There are many benefits to establishing an organization that is incorporated under the Illinois General Not for Profit Corporation Act of 1986 (805 ILCS 105/). One of the first steps to forming a not for profit (or nonprofit) organization is to draft bylaws. According to the statute, bylaws are “the code or codes of rules adopted for the regulation or management of the affairs of the corporation irrespective of the name or names by which such rules are designated.” In other words, the bylaws provide important rules and procedures concerning how the not for profit will operate.

Drafting bylaws can be a complicated process, and there are numerous issues that the not for profit organization or corporation will need to consider as it writes its bylaws. Given the complicated nature of forming a not for profit organization, it is extremely important to work with an experienced DuPage County business law attorney as you are forming your organization or are revisiting your bylaws.

Business Law Attorney Can Help Address Significant Questions for Drafting Bylaws

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Illinois business attorney, Illinois business lawsIf you have a small business in DuPage County or are considering starting your own business, why do you need to have a lawyer? A DuPage County business law attorney can consult on a wide variety of issues that your small business might face. While there are many aspects of running a small business that you may be able to handle on your own, it is important to have experienced counsel who can guide you through the issues you are likely to face as a small business owner.

Why Do I Need to Work with a Small Business Lawyer?

There are many aspects of running a small business that you can handle on your own. For instance, choosing a name for your business and even developing a business plan may be relatively easy for you to manage, especially if you have experience in business. However, there are many issues for which it is important to be able to consult with a DuPage County business law attorney. At Farooqi & Husain Law Office, we regularly consult with small business owners on some of the following issues:

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Illinois business law, Illinois employment attorneyIf you are starting a small business in DuPage County or are thinking about expanding your current business to include employees beyond yourself, you are likely to have many questions about the steps you need to take in order to hire new employees. For instance, what kind of information do you need to obtain from the Internal Revenue Service (IRS) before you can hire new employees? What information will you need to obtain from your new employees in order to hire them legally and to withhold federal income taxes from their paychecks? What kinds of information are you required by law to provide to new employees?

At Farooqi & Husain Law Office, we are committed to helping members of the Muslim community in DuPage County create and expand their small businesses, and a DuPage County business law attorney at our firm can answer all of your questions about hiring new employees. In the meantime, the U.S. Small Business Administration (SBA) provides helpful tips for creating a checklist for any small business owner who is planning to hire new employees.

Helpful Checklist for Small Business Owners Who Are Hiring New Employees

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Illinois businee attorney, Illinois business lawsDo you have a business in DuPage County? Do you work with an off-site bookkeeping service? Many Muslim small business owners in Oakbrook Terrace and nearby communities want to ensure the success and profitability of their businesses, and hiring an off-site bookkeeping service is an effective way to save on your taxes, have cleaner books, and ultimately to assess how the business is doing.

At Farooqi & Husain Law Office, our dedicated DuPage County business lawyers have years of experience assisting members of the Muslim community and helping our clients to maintain strong businesses. If you have questions about why you should hire an off-site bookkeeping service, an experienced DuPage County business lawyer can speak with you today.

Dealing with Complicated Business Issues

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Illinois business attorney, Illinois business structureWhen you have a small business in Oakbrook Terrace, it is extremely important to have an accountant and a lawyer on your side. While an accountant can sometimes answer questions that might seem relevant for your attorney and vice versa, both accountants and lawyers can help with specific tasks related to the finances and day-to-day running of your business.

For many members of the Muslim community in DuPage County who form small businesses, you should understand the importance of working with an accountant and a business law attorney. At Farooqi & Husain Law Office, we have been serving Muslim clients in Oakbrook Terrace for years and can provide you with some helpful information to get you started.

Choosing a Small Business Structure

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Illinois business attorney, Illinois business laws, Oakbrook Terrace business lawyerIf you are thinking about starting a business in DuPage County, it is important to understand the differences between forming an LLC and a corporation. Generally speaking, both of these business structures have the benefit of reducing an individual business owner’s liability in the event of a lawsuit or bankruptcy, for instance. However, these business structures are taxed very differently, and those tax differences can make a big difference in the long run. In addition, there are distinct types of corporations — namely, C corporations and S corporations — and the type you choose can have very different results in the long run.

It is important for members of the Muslim community in DuPage County to understand some of the distinctions between various business structures before launching a new enterprise. Once you have a sense of the pros and cons of each, you should always speak with an experienced business litigation attorney in Oakbrook Terrace. One of the dedicated lawyers at Farooqi & Husain Law Office can analyze your situation and discuss your options with you today.

Differences between an LLC and a C Corporation

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Posted on in Islamic Lawyer

Islamic business attorney, Illinois business attorney, Illinois business law,Are you in the process of forming a business or expanding a business venture? Do you have plans for upcoming business negotiations or business litigation? No matter what kind of business law issue you currently are facing, it is extremely important to seek advice from an experienced DuPage County business law attorney. Dealing with contracts and other business agreements can sometimes result in complications for the Muslim community.

Negotiating Business Contracts

For Muslims in the business world, it is important to understand the relationship between business law and the terms set forth for doing business in the Quran. Generally speaking, for contracts to be valid under U.S. civil law, they must have two elements according to the U.S. Small Business Administration:

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