Karyn Osinowo Law Offices

Karyn Osinowo Law Offices Social Enterprise and Business Attorney

We are exclusively focused on delivering comprehensive legal services
to entrepreneurs, start-ups, and small and established businesses
with an inherent social and/or sustainable mission.

12/24/2024

Merry Christmas and Happy Holidays!

09/15/2021

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We will share with you some simple but powerful tools that our customers have found to be invaluable and transformative!

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The federal government is entitled to up to 40% of Prince's estate, and the state of Minnesota will claim up to 16%.
10/23/2018

The federal government is entitled to up to 40% of Prince's estate, and the state of Minnesota will claim up to 16%.

Prince and Aretha Franklin died without a will, allowing mega millions to be taken by the IRS instead of going to their family. Even if you’re not worth millions, there are steps you can take to help more of your wealth stay in the family.

Just another example of someone with multiple assets and millions of dollars but not having anything, especially a will,...
08/23/2018

Just another example of someone with multiple assets and millions of dollars but not having anything, especially a will, to avoid probate and taxes.

Aretha Franklin passed away in Detroit, Michigan, on August 16 with an estimated net worth of $80 million and no will, according to TMZ. Typically, if there's no will, remaining assets pass to the descendant's heirs according to the state of law.

06/26/2017

http://accionchicago.org/beverly/

Accion in your neighborhood: Beverly | Community discussion event in Beverly hosted by ACCION, a microlender for small businesses in Chicago.

“We must not condemn people to being out of work. We have to create an entrepreneurial society.”
06/26/2017

“We must not condemn people to being out of work. We have to create an entrepreneurial society.”

Mark Carney, governor of the Bank of England, predicts up to 15m people could lose their jobs due to AI. Society must adapt.

Chicagoans have a sweet spot for social responsibility.
06/06/2017

Chicagoans have a sweet spot for social responsibility.

Learn more about the financing sources that are available to social entrepreneurs.
06/01/2017

Learn more about the financing sources that are available to social entrepreneurs.

“Abuse is the weapon of the vulgar.”          —Samuel Griswold GoodrichAs internship season gets underway, stories of ab...
05/25/2017

“Abuse is the weapon of the vulgar.”
—Samuel Griswold Goodrich

As internship season gets underway, stories of abuse abound. Business owners who view interns as free labor need to understand the federal and state labor laws governing internships. Payment is required, in most circumstances. However, if the internship is to be unpaid then it must meet certain legal requirements. One such requirement is that the internship must provide an educational experience for the intern and not just be a source of free labor for the business. I help clients legally structure their internship programs so that they don't have to defend themselves against lawsuits down the line. For more information and to schedule a consultation, visit www.osinowolaw.com. are which can be .

We are exclusively focused on delivering comprehensive legal services to social entrepreneurs, sustainable businesses, green businesses, cooperatives, start-ups, small businesses owners, established businesses or any other company looking to achieve posi

05/24/2017

More shenanigans from unscrupulous "employers":

05/15/2017

"Watch that first step. It's a doozy!"
— Often spoken, in jest, as a "warning"; usually after it's too late.

Possibly the most important first step in a business is formalizing the relationship between the business founders. It's necessary to making the agreement between founders completely clear early in the process, and not doing so can cause the business significant harm down the road (think of the Zuckerberg/Winklevoss Facebook litigation). A founders' agreement is like a prenuptial agreement — it defines what happens if things should fall apart. WIthout one, you could spend many thousands of dollars in litigation. Spending the time and money to put together a proper agreement at the beginning of the business relationship is worth every penny.

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47 West Polk Street, Suite 100/249
Chicago, IL
60605

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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