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When do you need a partnership lawyer for your business?
If you are a partnership experiencing disputes, it is crucial to consult with partnership dispute litigation lawyers to protect your business interests. Our partnership dispute lawyers have experience handling all types of disputes, including breach of fiduciary duties, misappropriation of business opportunities, minority rights violations, fraud, embezzlement, and errors and omissions in partnership agreements. We understand the importance of resolving partnership disputes quickly and effectively to minimize business disruption. Contact us today for a consultation.
What are Common Partnership Disputes Where Business Lawyers Can Help?
Partnership disputes commonly occur during
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what company is right for my cannabis startup
Many business owners find themselves asking, ‘what company is right for my cannabis startup’ when getting into the licensed marijuana industry. After helping form lots of cannabis companies, the conclusion that the limited liability company (LLC) organization structure is almost always the right choice is an easy one to make. A business plan may have different distribution schedules for profits and want to separate limited from general partners, all of these goals and more can be best served by an LLC.
Top three benefits of using an LLC for your cannabis startup. 
Continue Reading what company is right for my cannabis startup

After helping form lots of cannabis companies, the conclusion that the limited liability company (LLC) organization structure is almost always the right choice is an easy one to make. A business plan may have different distribution schedules for profits and want to separate limited from general partners, all of these goals and more can be best served by an LLC. 
Top three benefits of using an LLC for your cannabis startup. 

  • flexible ownership
  • less formality
  • strong limited liability protection

 
So our offices at Collateral Base have helped lots of cannabis teams organize the company and apply for a
Continue Reading Why a LLC Almost Always Is the Right Choice for a Cannabis Startup

An Office Action is basically when the examining attorney looks at your application and compares your proposed trademark to any other existing trademarks. This is to see if there are any conflicts in name, sound, connotation, appearance, etc. If there is a likelihood of confusion, this is called a 2d refusal. To overcome this, you will need to hire a trademark lawyer.
What is an office action in trademark law?
An office action is a notification from the United States Patent and Trademark Office (USPTO) that indicates that there are problems with your trademark application. The notice will list the
Continue Reading What Happens to your Trademark when it gets an Office Action

What are cannabis trademarks?
Cannabis trademarks let creative lawyers help protect their clients’ brands that are involved with the cannabis plant with enough THC to count as marijuana under federal law. 
In this blog post we will briefly touch on what trademarks are and how you can protect your cannabis brand. Please contact us if you have any questions and we can help. 
What do Trademarks Protect?

  • Your brand’s name to prevent confusion by competitors
  • Rights in exclusive use of the mark for naming rights
  • Customer loyalty and goodwill
  • General intangibles on your balance sheet that is worth money
  • Any


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When owners of a limited liability company (LLC) want to sell the whole business, a Membership Interest Purchase Agreement (MIPA) is the tool of choice to complete the transaction.  A MIPA sells the membership interest of the LLC.  This is different from an Asset Purchase Agreement (APA) where only specific assets and not liabilities of the company are sold. When the membership interest of an LLC is purchased, both assets and liabilities are transferred from seller to buyer. 
What is a membership interest purchase agreement?
A membership interest purchase agreement, sometimes called a MIPA, is a contract between a seller
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The dormant Commerce Clause of the Constitution prevents states from discriminating against out-of-state actors in interstate commerce. The dormant term refers to its negative implication rather than express text. Courts have found a negative aspect embedded in the language that prevents state and local governments from impeding the free flow of goods from one state to another, (citation omitted).
Social Equity Licensing in Cannabis & the Dormant Commerce Clause
Recreational use of Cannabis is a legal these days depending on what state you reside. These states are creating legal provisions to regulate the production and sale of cannabis products. From
Continue Reading Dormant Commerce Clause Litigation in Social Equity Cannabis

What is a contract attorney?
A contract lawyer is a lawyer who specializes in providing assistance with business contracts. A contract lawyer can help you negotiate and draft contracts, review existing contracts, and advise you on legal issues related to your contract.

What is a contract?
Legal contracts are binding agreement between two or more parties. A contract provides details of what the parties agree to perform or exchange. A contract may be in written or oral form. In most cases, in order to be legally binding, a contract must be in writing and signed by all parties involved.
Continue Reading When to Hire a Contract Lawyer?

If you want to know how to get an Illinois LLC, you are not alone; limited liability companies, or LLCs, are popular business entities. Their formations skyrocketed in the late 1990s after the IRS changed its rules, allowing LLC owners to choose to get taxed as partnerships or corporations.
Establishing an LLC can feel complicated if you are new to the process and do not know all the steps. LLCs in Illinois are governed by the Limited Liability Company Act. We’ve done the research and put together this simple guide to forming an LLC in Illinois.
What is a Limited
Continue Reading How to start an LLC in Illinois?

If you want to know how to get an Illinois LLC, you are not alone; limited liability companies, or LLCs, are popular business entities. Their formations skyrocketed in the late 1990s after the IRS changed its rules, allowing LLC owners to choose to get taxed as partnerships or corporations.
Establishing an LLC can feel complicated if you are new to the process and do not know all the steps. LLCs in Illinois are governed by the Limited Liability Company Act. We’ve done the research and put together this simple guide to forming an LLC in Illinois.
What is a Limited
Continue Reading How to start a LLC in Illinois?

There are various grounds on which you can sue a business partner. The most common reason for suing a business partner is breach of contract. Other reasons include things like fraud, misrepresentation, or theft. If your business partner has undertaken actions that have caused damage to the business, you may be able to sue them in order to remedy the situation.
It is important to consult with an experienced business law attorney before taking any legal action against a business partner. They will be able to advise you on the best course of action and help you build a strong
Continue Reading When to sue a business partner?

There are various grounds on which you can sue a business partner. The most common reason for suing a business partner is breach of contract. Other reasons include things like fraud, misrepresentation, or theft. If your business partner has undertaken actions that have caused damage to the business, you may be able to sue them in order to remedy the situation.

It is important to consult with an experienced business law attorney before taking any legal action against a business partner. They will be able to advise you on the best course of action and help you build a strong
Continue Reading When Can You Sue A Business Partner?

How to protect your business in a lawsuit
If you find yourself in the unfortunate position of being sued, the first thing you need to do is contact a business attorney. It’s normal to feel overwhelmed, upset, and indignant, but if you want to keep your business and its reputation intact during this time, it’s important to follow every step of the process carefully.
Common types of business lawsuits include breach of contract, slip-and-fall accidents and other premises liability, and discrimination. If this information is incorrect in any way, you may move to dismiss the action in its entirety,
Continue Reading How to protect your business in a lawsuit

A company sale is a transfer of ownership from the corporation to a buyer. Sales agreements may be for assets such as plant and equipment, intangible assets such as patents and copyrights or an interest in the shares of the corporation to new owners. A business sale is binding, and as such legal representation is necessary to ensure that both sides comply with all stipulations included in the agreement. Sales Contracts business sales are contracts. The corporation enters into a relationship to sell either a good or service to a buyer.
Business to business compared to business to consumer
Continue Reading How to transfer your business with a business sale

There are many different types of Illinois attorneys that practice law in many different areas of Illinois law. Each one specializes in a different area of the law that requires different types of legal advice from offices helping children to those that negotiate documents for businesses, or even those that provide separation and custody services.
The legal services field contains everything from corporate mergers & acquisitions to legal aid. When you need legal assistance, it is important to choose the right lawyer for your specific situation.
Illinois attorneys are admitted by the Illinois Supreme Court and regulated by the attorney
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Are you looking to set up a business partnership? Liability protection, income tax, and ventures that need a partnership agreement are key motivators for a new business. A business partnership is a relatively easy entity to set up, but it does have its drawbacks.
One primary drawback to setting up your business as a general partnership is that your personal liability as a partner is unlimited. This means that any debts of the corporate entity will be borne by the individual partners of the business.
If you’re considering setting up a business as a partnership, our law firm has helped
Continue Reading Business Formation Lawyers