There are many reasons why one might sell their business: the economy may be doing well and an interested buyer has reached out with an impressive offer, or you might be pursuing a new endeavor, and letting go of a company might be the most practical decision....
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Business Law
Navigating Common Legal Hurdles within the Trucking Industry
The trucking industry is the backbone of this nation’s economy. Without the ability to keep a steady supply of goods moving, commerce would grind to a halt. In fact, trucking companies move 70% of all freight within the United States. Each player in the trucking...
The Driver Shortage’s Impact on Small Trucking Companies
In recent years, the trucking industry has faced a significant challenge: a shortage of qualified commercial drivers. The truck driver shortage is not a new phenomenon; however, its severity has escalated in recent years.
A number of factors have contributed to this shortage, including an aging workforce, stringent regulatory requirements and the demanding nature of the job. While this issue impacts all trucking companies, it presents an existential threat to smaller fleets striving to sustain operations and satisfy their clientele’s demands.
Understanding the Federal Trade Commission’s Ban on Noncompete Agreements
On April 23, 2024, the Federal Trade Commission issued a ban on noncompete agreements, rendering it illegal to (a) enter into or attempt to enter into a noncompete with a worker; (b) maintain a noncompete with a worker; or (c) represent to a worker, under certain circumstances, that the worker is subject to a noncompete. This final rule is set to go into effect on September 4, 2024.
House Bill 1634’s Impact on the Illinois Trucking Industry
Proposed legislation in Illinois, known as House Bill 1634, aims to bring the state's vehicle emission standards in line with California's strict regulations, starting in 2035. This could mean a potential ban on gas and diesel-powered trucks in favor of zero-emission...
Assessing a Business’ Potential for Success
When an entrepreneur begins building a new company, even with ample resources at their disposal, they often encounter numerous unforeseeable circumstances that can complicate operations. Markets can be volatile, and promising ideas may fail to develop into successful...
Legal Challenges Faced By Small Businesses
Operating a small business is an exciting venture that is often met with legal challenges. Such challenges can range from minor legal and industry compliance issues to more significant disputes, which can ultimately impact a business's ability to function correctly....
Tips for Starting a Small Business
Starting a small business is a significant achievement – but once you get started, it’s imperative to keep things going. This requires finding ways to help your business grow, while protecting what you’ve built. With various markets becoming increasingly competitive...
Trucking Companies: A World of Risks & Rewards
The world of commercial transportation is a hectic one, full of constantly changing demands and complex regulations. There is no denying how lucrative the trucking business is, however, those with the resources to establish and maintain a transportation business may...
The Fundamentals of Contract Amendments
Contracts, both oral and written, are the foundation of many, if not all, business relationships, as they define the expectations, responsibilities, and rights of all involved parties. Over time, and due to the dynamic nature of the business world, there are...
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Aggressive Advocates & Experienced Legal Counselors
Arnett Law Group, LLC, was founded by Daniel J. Arnett, a trial lawyer with more than 25 years of experience.
The partners and associates at our firm are recognized leaders in their fields and are committed to delivering the best possible result for every client.