Congratulations! You’ve started your own business! What an exciting and thrilling experience. You’ve nursed the idea and fostered it into existence. You own it. It’s your baby. So what’s next? Every business owner is eager to see their new venture thrive – something...
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Small Business
Selling Your Business: What to Include in Your Sales Agreement
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....
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...
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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.