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Illinois Business Law Questions & Answers
1 Answer | Asked in Business Law for Illinois on
Q: A foreigner company had an exclusive sales agreement with US company,

A foreigner company had an exclusive sales agreement with US company, the US company was acting as selling entity for this foreigner entity for more than one year, now the foreigner company discovered that the US company was adding 30% extra margin from suppliers. The foreigner sent many request... View More

Burton A. Padove
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answered on Jul 20, 2011

Please rephrase your question.

1 Answer | Asked in Business Law for Illinois on
Q: When a chapter removes its self from a non for profit charter chapter can they use an assigned name given by the charter
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answered on Jul 20, 2011

There are number of factors to consider, including ownership of the name, tradenames. who owns the registration, etc. If the charter has none of these, there is a good chance you can use them

1 Answer | Asked in Business Law for Illinois on
Q: Our church is a non for profit, also it is a non-denominational church. Why do we need this not for profit corporation.

The last pastor we had involved us in the Illinois not for profit act. Which we didn't really want to do. Now I would like to know what advantage this gives us and disadvantage. The members don't want to belong. How do we or can we dissolve this corporation without penalty?

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answered on Jul 20, 2011

Tax purposes would be one advantage. You are excluded from real property taxes as a general rule as well as some other tax advantages.

It aids in fund raising as donors can obtain a deduction for contributions. The main disadvantage is the extenciscve bookkeeping and reporting.

1 Answer | Asked in Business Law for Illinois on
Q: Can a dentist charge a patient more than the contracted cost with the insurance provider?
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answered on Jul 20, 2011

He can, but if he does, and there is no provision in his provider agreement for circumstances when he or she can charge more, he can be sued by the provider and/or the third party beneficiary of the agreement( the patient).

1 Answer | Asked in Business Law for Illinois on
Q: How do I get a note from JP Morgan Chase Custody Services

Need holder of note

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answered on Jul 20, 2011

Your best bet would be to call them and ask whether they have any specific procedures and/or forms. It also may depend on what kind of note you are asking for.

1 Answer | Asked in Business Law and Business Formation for Illinois on
Q: In Illinois how many copies of acticles of Incorporation do I originally file?
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answered on Jul 18, 2011

File two duplicate originals.

1 Answer | Asked in Business Law for Illinois on
Q: Members wish to leave the LLC in Illinois. How can they voluntarily?
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answered on Jul 18, 2011

There should be a provision in the Articles of Agreement that addresses withdrawal by a member. A member can also sue to dissolve the LLC

1 Answer | Asked in Business Law for Illinois on
Q: How can I legally STOP a competitor from soliciting dealers to leave my Antique market and go to his?
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answered on Jul 8, 2011

Unless the competitor is violating a non-compete clause or is conducting itself in a manner that constitutes unfair competition such as interfering with a contract you may not be able to do so. I suggest that you contact a local attorney for a consultation.

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