The purpose of a Mechanic’s Lien is to ensure that contractors and subcontractors who work on a real estate improvement project are paid for the labor, materials, and/or machinery they have provided to that project. The Illinois Mechanics Lien Act…
DOL issued updated Families First Coronavirus Response Act regulations effective September 16, 2020. Please click here for updated information regarding the FFCRA. The FFCRA was signed into law on March 18, 2020 and has many implications for businesses and individuals by providing…
The Coronavirus Aid, Relief, and Economic Security Act (CARES) has now been signed into law on Friday, March 27, 2020. The CARES Act has many facets to benefit businesses and individuals. Businesses This Act created a new Small Business Administration loan that…
Litigation involves two or more parties trying to solve a legal dispute by means of a lawsuit. Virtually any controversy can turn into litigation. If the matter is brought into the courtroom, there are procedures that need to be followed.…
Do you have an estate plan? We have mentioned in previous articles that estate plans are not just for the wealthy. There are benefits to establishing an estate plan whether you have a family or modest or complicated assets. Even…
If you own a business, you likely know the extensive planning that is involved in operations to ensure the organization is successful. Similar to the time and attention that is devoted to running a successful business, it should come as…
A new base, real estate contract began circulation at the start of 2019. It took over 100 hours of review and debate to ultimately get to an end product that changed one of the most widely used contracts in Illinois. If…
If you have purchased or sold real estate, you have likely heard about title insurance. In Illinois, the seller of real estate is customarily responsible for purchasing and delivering a title insurance policy to the buyer. This specific form of…
We have now concluded the third week of the new year. You have probably made a list of resolutions focusing on various ways to improve your outlook in 2019. As the holiday season fades away and we get back to…
The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. To ease the transition brought by the new law, the application of many individual tax changes were pushed back to take effect until 2019. One…