Table of Contents
BUSINESS CONTINUITY PLANNING: Who Will be the Next Leader of Your Business?
By: Morris Saunders
One day either you will decide, or have it decided for you, that you will no longer lead your closely held business. Have you given any thought as to who the next leader will be? Will it be a key employee who is not an owner? Will it be a family member who is not associated with the business? Will it be a family member who is associated with the business? Will it be an outsider?
The Intersection of Employee Handbooks and Social Media
By: Jonathan Weis
With the increasing prevalence of employees’ use of social and other electronic media, crafting appropriately narrow internal policies and employee handbook provisions to address the myriad issues that arise in connection with employees’ use of electronic media is vital.
Technology used to create e-mail was developed in the 1960s. Commercial use of e-mail began in the 1980s. Today, many employees spend a significant portion of their workday reading and sending e-mail, and the line between appropriate monitoring of employee activities and violating an employee’s right to privacy (or other employee rights) is not always clear.
REMINDER: New Illinois Law Limits an Employer’s Ability to Inquire Into Job Applicant’s Criminal History
By: Kristen O’Neill
The Illinois “Job Opportunities For Qualified Applicants Act”, which took effect on January 1, 2015, prohibits employers from inquiring about or into, considering, or requiring disclosure of the criminal record or criminal history of an applicant on a job application. In passing the Act, the Illinois legislature found that “it is in the public interest to do more to give Illinois employers access to the broadest pool of qualified applicants possible, protect the civil rights of those seeking employment, and ensure that all qualified applicants are properly considered for employment opportunities and are not pre-screened or denied an employment opportunity unnecessarily or unjustly.” The Act applies to all employers with 15 or more employees.
New Property Tax Incentive Classification to Stimulate Real Estate Development in Cook County
By: Jeffrey Galkin
Cook County recently amended its real property assessment classification ordinance to add a new property tax incentive classification to stimulate real estate development in the County. The new classification, known as “Class 7c – Commercial Urban Relief Eligibility (CURE)”, provides eligible commercial property owners with a five year reduction in property tax levels for: (i) all newly constructed buildings or other structures, (ii) the utilization of vacant structures which have been abandoned for at least 12 months, and (iii) all buildings and other structures which are substantially rehabilitated to the extent the rehabilitation adds to the value of the property. The Class 7c classification also extends the assessment relief to the property value attributable to the underlying land.