Posts in Business
Updates to Law in Illinois: 8 New Laws You Need To Know
Updates to Law in Illinois: 8 New Laws You Need To Know

Single-occupancy restrooms are now required to be marked as all gender and designated for single-use occupancy, family use, or assisted use. No gendered signs can be posted for these facilities. (Patch.com). We recommend designating at least one restroom in your facility as a gender-neutral restroom for the purpose of inclusivity. B: Non-Binary Gender. New laws allow those in the Queer community to designate their gender identity as "female", "male", or "non-binary" on their official identification. As an employer, it's important to recognize that non-binary people do exist, and do work. Consider introducing a training on gender and orientation sensitivity and review pronouns and procedures that may currently be gendered.

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Business, Business News, MarketTEIL Firms, LLCBusiness News, Business, Laws, Local Law, Illinois Law, Politics, Equity, Equality, LawComment
U.S. and India Exclusive Trade Partnership: A New Endeavor
U.S. and India Exclusive Trade Partnership: A New Endeavor

The U.S. Ambassador to India - Harsh Shringla - released just yesterday (January 8, 2020) that the United States and India are in talks about an exclusive trade agreement. The agreement would grant business owners of both nations preferential market access. Shringla, the now-former ambassador is set to take on his role as India's next foreign secretary later on this month.

His comments state that there has been success in bridging the gap during the latest trade talks for new trade packages. The current conversations are setting a stage for a much bigger bilateral trade agreement.

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Foreign Policy, Healthcare & Business, Foreign Trade, Business, Business News, International Business, International Law, Market, Online BusinessTEIL Firms, LLCForeign Policy, Trade, Transaction, Global, Global Trade, Global Economy, Government, Regulations, Tariff, United StatesComment
Coronavirus: What You Need To Know
Coronavirus: What You Need To Know

It causes flu symptoms - and passengers on planes could expect to be temperature tested upon entry and being quarantined if the traveler displays symptoms. The CDC urges people having recently traveled to Wuhan in the past two weeks to seek medical care immediately in the event of fever, coughing, or difficulty breathing though the symptoms should present most prominently and most quickly in older adults or in anyone with underlying health conditions as they may be at greater risk and only if they’ve come into contact with someone who recently returned from China (in the last two weeks)

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Foreign Trade, Business, Business News, Healthcare & Business, International Business, Online BusinessTEIL Firms, LLCCoronavirus, Asia, China, Healthcare & Business, International Law, International, Trade, TravelComment
U.S.-China Deal: Predictions Coming True
U.S.-China Deal: Predictions Coming True

January 15th, the United States and China signed a Phase 1 Deal, but a lot of people are concerned about what it will mean for international traders in both countries. According to the National Law Review, the existing Tariffs for goods on List 4A would be reduced from 15% to a mere 7.5% by Valentine’s Day.

China, too, has imposed some tariffs - but there is no information thus far on exactly when this will happen - though it is said to be a necessity.

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Business, Business News, Foreign Trade, International BusinessTEIL Firms, LLCChina, USA, United States, Trade, International Law, International Business, International, Importing, CoronavirusComment
China's Impact on the Global Economy
China's Impact on the Global Economy

Since the outbreak of the Coronavirus, the world has stayed attached to their mobile devices and computers, waiting for updates in real-time on the growing epidemic that many fear could become a global pandemic that makes the SARS outbreak of 2003 appear tame.  The world was frankly - not prepared for a global pandemic, and speculation is flying on what it could mean…

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Foreign Trade, Business, Healthcare & Business, International Business, International Law, Market, Online BusinessTEIL Firms, LLCChina, Global, Global Trade, Coronavirus, Epidemic, Global Economy, EconomyComment
Defamation & Libel: What To Do
Defamation & Libel: What To Do

So, as you feared, the worst has happened. You've turned on your mobile device, and there it is - the slander or libel that you were hoping wouldn't arise from your latest brush with the media.

You're panicked and uncomfortable - and the timing could not be worse. The truth is, there's never a good time to receive news that you're under siege. Before you wave your white flag and feel defeated, here's some good advice to prepare you for any kind of public defamation.

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Business, Defamation, Business NewsTEIL Firms, LLCChristmas, Days of Christmas, Defamation, Image, Slander, Libel, What To DoComment
Closing The Wage Gap: What Businesses Should Know About Governor Pritzker's New Law Aimed At Gender Equity
Closing The Wage Gap: What Businesses Should Know About Governor Pritzker's New Law Aimed At Gender Equity

This new law means for employees seeking to earn a fair wage in proportion to their worth and earning potential - they'll earn what they're worth - not just a few dollars up from their last role. Many employees, namely women, are held down under what is commonly known as the "wage gap". 

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Employment Law, Women, Opinion Pieces, Politics, Great Women In Business, Business, Business NewsTEIL Firms, LLCGender Equality, Workplace Ethics, Wage Gap, Business Practice, Women, Women In Business, Employee Rights, Employer, Local Law, Illinois Law, Laws, Contract Law, Law Comment
Trademarks, Copyrights, or Patents?
Trademarks, Copyrights, or Patents?

Patents and Copyrights live for a certain number of years, and you have to renew them. They can actually be in effect for the life of the product/service/company. Your registration does require filing and fees paid at regular intervals to ensure it stays in effect forever.

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Intellectual Property, Licensing, Business, Business NewsTEIL Firms, LLCPatent, Trademark, Copyrights, Copyright, Patents, Trademarks, USPTO, IP, Intellectual Property, IP Law, International Intellectual PropertyComment
Selling A Business? Read This First.
Selling A Business? Read This First.

Could there be disputes? Absolutely. There often are between buyers and sellers, which is why it's important you have a lawyer ready for litigation even after the ink has dried. Working capital is the biggest issue of dispute, with some cases going to trial and lasting for years with discrepancies in the millions and billions. Working capital is the biggest cause for dispute, but litigation post-sale can happen for any number of reasons including warranties & purchase price payments.

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Business News, Business, Agreement, Market, Property, ValuationTEIL Firms, LLCFinances, Buyer, Seller, Business Practice, Business News, Business Venture, Business, New Business, Selling, ValuationComment
Outsourcing: Is It A Good Idea For Your Business?
Outsourcing: Is It A Good Idea For Your Business?

So outsourcing is not just international, not just for the largest corporations and not just for saving money why then do some companies skip outsourcing?

A lot of companies don't outsource simply because they don't even realize the option is there. Without a creative mind on your team - it can sometimes be difficult to discover any way that outsourcing could be helpful. Ever heard of Influencer Marketing?

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Outsourcing, International Business, Foreign Trade, Business, Business Structure, Online Business, MarketTEIL Firms, LLCOutsourcing, Business, Trade, Business News, Business Practice, New Business, Online Business, Business Structure, Influencer Marketing, InfluencerComment
Trade Agreements: Why Are They Important?
Trade Agreements: Why Are They Important?

When imports enter a country they normally have a tariff or a tax. So for example: when you are purchasing an item from France it’s more expensive because of a duty that the importer had to pay for it to come in. When a Trade Agreement is negotiated there is an elimination of that tax then the import comes in freely and the item may be less expensive than one you could purchase in the United States. If too many of those items are coming in then there may be concerns that there needs to be protection of that industry.

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Business, Business News, Foreign Trade, Foreign Policy, International Business, International LawTEIL Firms, LLCFree Trade Zone, Free-Trade-Zone, Free Trade, Foreign Trade, Foreign Trade Zones, Foreign Policy, International Trade Agreement, Trade Agreement, Agreement, Bi-Lateral Agreement, The Central American-Dominican Republic Free Trade Agreement, Trump, Trade, International Trade, Fair Trade, Global Trade, Global, Global Economy, World, The Trans-Pacific Partnership, Multi-Lateral Agreement, Multilateral Trade Agreement, Multilateral Agreement, Unilateral Agreement, Bi-Lateral Trade Agreement, Bilateral Trade AgreementsComment
International Negotiations: Cultural Nuance
International Negotiations: Cultural Nuance

When I think of how to begin the negotiation of a contract in a different culture, I first want to make sure that I know something about the culture. Generally, how 85% of the people act, think, and behave. "What is important to them? " I ask myself. Inevitably, I read about the culture, the history, talk to people who have done business in the culture and most definitely go to visit the place when possible.

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Business, International Business, OutsourcingTEIL Firms, LLCNegotiation, Corporate Culture, International Business, International, Global Trade, Global, World, CommunicationComment