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June 2018 Archives

Making wise financial decisions after a divorce

Ex-spouses in Illinois know firsthand the effect that divorce can have on one's finances. In many instances, ending a marriage means splitting financial assets in half, trying to support multiple households at the same time and covering attorney fees. Research shows that households that have never gone through a divorce have about 30 percent more wealth than those that have. It's important to note that many post-divorce challenges are unique to ex-wives.

Make sure your commercial lease works for your business

Part of owning and operating a business may include seeking a leased or rented space in order to run operations. Finding the right location for your Illinois business is not always easy, and it is smart to proceed carefully and thoughtfully through the process of negotiation and drafting an appropriate lease.

How to properly bootstrap a company

Illinois residents and others who want to be entrepreneurs may be able to fund their companies on their own. This means using whatever funds that they have in the bank as opposed to getting a loan from a bank. While this allows a business owner to have more control over the future of their company, it also means that a product needs to go to market as soon as possible.

Schlueter Ecklund & Davitt
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Rockford, IL 61108

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