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May 2019 Archives

What is insurance fraud, and how can you recognize it?

Insurance fraud is an issue not only in Michigan and Illinois but around the country. It is not only insurance companies and their employees, like you, who pay the price but the general public as well. According to the Association of Certified Fraud Examiners, the huge losses within the industry due to fraud get passed along to consumers in the form of higher costs. 

Is an oral contract valid?

If you have a business in Illinois, you may use many different types of contracts. One such type is an oral contract. This is simply an agreement you talk over with someone else where you both agree to terms and the exchange of something valuable. It is the same as a written contract except that you did not write anything down or sign anything. You may wonder just how binding this type of contract is.

Joint venture vs. Business Merger: What you should know

Whether you have just started a new business or you are currently running a successful company, you may be looking at how you can take your venture to the next level. Both joint ventures and business mergers can help enhance the power of a company. Although these business methods sound similar, they differ in several ways. It is important to understand the difference and similarities of these business methods so that you can choose the one that fits best for your situation.

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