Recent Blog Posts
Deciding between an LLC and a Corporation
If you are thinking about starting a business in DuPage County, it is important to understand the differences between forming an LLC and a corporation. Generally speaking, both of these business structures have the benefit of reducing an individual business owner’s liability in the event of a lawsuit or bankruptcy, for instance. However, these business structures are taxed very differently, and those tax differences can make a big difference in the long run. In addition, there are distinct types of corporations — namely, C corporations and S corporations — and the type you choose can have very different results in the long run.
It is important for members of the Muslim community in DuPage County to understand some of the distinctions between various business structures before launching a new enterprise. Once you have a sense of the pros and cons of each, you should always speak with an experienced business litigation attorney in Oakbrook Terrace. One of the dedicated lawyers at Farooqi & Husain Law Office can analyze your situation and discuss your options with you today.
Why Do I Need an Operating or Shareholder Agreement?
For members of the Oakbrook Terrace Muslim community who are thinking about launching new business enterprise, it can be complicated to figure out how to draft an owner’s agreement. Different business structures have different forms of owner’s agreements.
The U.S. Small Business Administration helps to explain the distinctions among different kinds of business structures and the ways in which owner’s agreements can differ. Depending upon the type of business structure you have selected, your owner’s agreement will be entitled differently, but it should generally contain similar information. For instance, if you are forming a corporation, then you will need to create a shareholder agreement. If you are launching an LLC, however, you will need to create an operating agreement.
Restoring Driving Privileges after a Suspended License
For many Muslims in DuPage County, having a driver’s license is necessary to get to work in the area, to conduct business on a daily basis, and to provide for the needs of your family. As we have discussed previously, your driver’s license can be suspended for a number of different reasons under Illinois law, including but not limited to:
- DUI conviction;
- Violation of a Graduated Driver Licensing (GDL) program;
- Failure to appear in court;
- Excessive points for other traffic violations;
- Unpaid parking tickets; and
- Failure to pay child support.
If you are facing a license suspension, we know that one of the most important things is doing all that you can to have your driving privileges restored. There are different ways in which you may be able to have your license restored, and you should do everything you can to abide by the terms of the driver’s license suspension until your driving rights are restored. At the Farooqi & Husain Law Office, we understand that facing a driver’s license suspension can be frustrating and extremely concerning if you rely on your car as your sole mode of transportation. We can examine the facts of your case and can discuss your options with you today.
The Criminal Justice System: Adnan Syed Granted New Trial
Have you been following the case of Adnan Syed, which was chronicled in the podcast Serial? According to a recent report from NPR News, Syed was granted a hearing due to new evidence several months ago, and just last month he was granted a new trial. The reported quoted the Baltimore City Circuit Judge, Martin Welch, who vacated the conviction. In vacating that conviction, the judge indicated that Syed’s “attorney fell below the standard of reasonable professional judgment” during the initial trial.
In case you have not been following the Serial podcast and the case of Adnan Syed, here is a quick recap: Syed was charged with and convicted of the first degree murder of Hae Min Lee, his ex-girlfriend and a Baltimore high school student. Lee was found strangled in early 1999, and Syed was convicted in 2000. He has maintained his innocence since then, and he has now served more than 15 years of his life prison sentence.