Minimum Wage Bill Vetoed to Give Small Business Owners Time to Adjust

Illinois employment law attorneysSeveral employment law changes have occurred over the last couple of years; a minimum wage hike, which would have raised the pay to $15 an hour by 2022, was expected to be yet another. However, after passing in the state House and Senate, both with majority votes, it was vetoed at the last minute by Governor Bruce Rauner. The following explains why it was vetoed, and it provides some details on finding employment law assistance for your small business.

Why the Bill Was Vetoed

Although the minimum wage bill pulled a great deal of support from employees and government officials alike, Governor Rauner chose to veto it because it could have placed unnecessary stress on small businesses. Supporters of the bill argue otherwise, but a study on the minimum wage increase in Seattle found that workers suffered from the changes.

Rather than improve circumstances for low-wage employees, the report found that many businesses struggled to accommodate the wage increase. As such, employees became subject to widespread layoffs, and companies underwent hiring freezes. There were also cases in which full-time employees had their hours cut because companies could no longer pay them for full-time work. Companies also suffered because of inadequate staffing.

Businesses May Still Need Assistance

Rauner may have stepped in to help businesses this time, but there have been several other employment law changes over the last couple of years. For example, employers are now required to give employees more sick leave time, which may place unnecessary stress on the company. To mitigate against this issue, as well as others that may arise from the recent law changes in Illinois, small businesses are encouraged to seek legal assistance.

It should also be noted that minimum wage increases may still occur in the future. Governor Rauner has already expressed approval of a more moderate increase, and he may pass one if it comes across his desk. Wage increases also still have massive support from employment advocacy groups, labor unions, and employees. As such, companies may wish to prepare for potential wage increases ahead of time, which can help them stay ahead of the curve.

Contact Our DuPage County Business Law Attorneys

At Stock, Carlson, Oldfield & McGrath, LLC, we understand the challenges that small businesses face. Dedicated and experienced, we can assist your company with legal employment-related matters. At every turn, we protect your company’s financial future. Learn more by scheduling a personalized consultation with our DuPage County business law attorneys. Call 630-665-2500.

Source:

http://www.chicagotribune.com/business/ct-rauner-minimum-wage-deadline-0826-biz-20170825-story.html

Deconversion of a Condominium – Is a Bulk Sale the Right Choice for Your Property?

Illinois real estate lawyersAcross the country, condominiums are suffering. Some units are sorely outdated. Others are unable to maintain an occupancy rate that can sustain the association’s annual investment. Whatever the reason, deconversion may be the answer. However, it may not be the appropriate option for every condominium association. Learn more about the deconversion of condominium units, including how to tell if it may be the right choice for your property.

The Rise of Deconversion

In the early 2000s, condominium units were all the rage. They were so popular, in fact, that many apartment complexes were converted into condos. Sadly, the boom died out, which is why many condominium associations are now struggling to fill their units. This lack of occupancy, paired with the cost of maintenance and upkeep, has been the catalyst for the rise in deconversions – a process in which condominium units are converted to apartments.

Potential Benefits of a Deconversion

The bulk sale of a condominium unit may be appealing to owners and associations because it offers a way out. Deconversion may also fetch a better price than other sale options, such as fire sales. It may also offer everyone a chance to bow out of their obligation in less time than it would take to sell the units individually. Still, deconversions do have their potential drawbacks.

Potential Risks of a Deconversion

Deconversions may give owners and associations a fast out, and they may offer a better price, but there are also some serious risks that owners should be aware of before agreeing to sell. The first is that a bulk sale may result in an unfair price for some. The reason behind this is that condo owners are supposed to split the proceeds, based on their percentage of ownership; if one unit looks the same as it when it was built, but another has significant and costly upgrades, the latter owner may lose out. Still, there are provisions that can protect owners, such as the right to appeal the value given to their unit.

Contact Our Seasoned DuPage County Real Estate Attorneys

If your condominium association is considering a bulk-sale of the property, or if you are an association interested in deconversion, contact Stock, Carlson, Oldfield & McGrath, LLC for assistance. Dedicated and experienced, we can examine your situation and help you determine the most appropriate path for you. Get started with a personalized consultation. Call our DuPage County real estate attorneys at 630-665-2500 today.

Source:

http://www.chicagotribune.com/classified/realestate/ct-re-0604-condo-living-20170530-column.html

Estate Planning Basics: Choosing a Guardian for Your Children

Illinois guardianship attorneysNo parent wants to think about passing away before their children have grown, but tragedies happen every day. Sadly, if families are unprepared for such an issue, their children may be further traumatized by the events that occur after their loss. As such, all parents are encouraged to name a guardian for their child in a legally drafted will. Learn more about this process, including how to choose the right person for the job, with help from the following.

Guardianship is Not Automatic

Above all else, parents need to know that guardianship is not automatic after a tragedy. For example, you may assume that your parents would automatically receive your children if something happened to you, but this is not the case. Instead, anyone that is interested in custody of your children can come forward and request it. Then a judge must hear each person’s side and determine which home may be most appropriate.

The problem with this is that the judge may not choose the same guardian that you would have chosen. Also, children may be forced to spend time in a stranger’s home – perhaps even emergency foster care – until a determination can be made. Do not let this happen to your children! Instead, choose a guardian that fits your views, preferences, and your child’s needs.

Choosing the “Right” Guardian

Choosing the “right” guardian for your children may seem like a difficult task, but as a parent, you know what is best for your children. You also know the people closest to you – the ones that may be suitable guardians. Consider, first, which ones may be interested in serving as a guardian to your children. Then ask yourself some of the following questions:

  • Does the person in question have a parenting style that closely mimics yours?
  • Are the person’s religious beliefs or core values similar to yours?
  • Is the person mentally, financially, and emotionally capable of caring for your children?
  • Does your child feel comfortable with the person?
  • Would your child have to move far away to live with that person, and would it cause additional trauma for your child?
  • Does the potential guardian have children of their own, and would it present a problem?
  • Would the person in question have the time and energy to devote to your child?

If, after considering all aspects, you believe you have a suitable guardian, consider also choosing a secondary guardian, just in case something should happen (i.e. death, disability, etc.) that might prevent your primary guardian from taking your children. Then contact an experienced lawyer to ensure you have considered all aspects of your guardianship plan.

Contact Our DuPage County Will and Guardianship Attorneys

At Stock, Carlson, Oldfield & McGrath, LLC, we are sensitive to the struggles parents face when deciding on a guardian for their child. Dedicated and experienced, we can examine your family’s needs and situation and explain your options. At every turn, we strive to protect the interest of you and your children. Learn more about how our DuPage County will and guardianship lawyers can assist with your estate planning needs by scheduling a personalized consultation. Call our offices at 630-665-2500 today.

Source:

https://www.babycenter.com/0_how-to-choose-a-guardian-for-your-child_1286759.bc