On December 20th, 2017 one of the largest tax reform bill in recent decades was passed. One significant change effects pass-through businesses, including sole-proprietorships, S corporations, and LLCs taxed as partnerships or S corporations. These businesses are classified as pass-through…
How the Tax Reform Affects C Corporations On December 20th, 2017 one of the largest tax reform bills in recent decades was passed. C corporations, which experience a double-taxation due to taxation at corporate and income-distribution levels, should experience some…
The law allows property, including real estate, to transfer in the condition it currently exists, often called “as is.” All buyers should understand what this term means and its implications. Under the most commonly used Real Estate Purchase Contracts, note…
Winter is commonly known as the real estate off-season. However, sometimes homeowners must put their house on the market during colder months. If you have committed to selling your home at this time of the year, consider these tips. Price…
The new year brought new laws. One of the most highly publicized, and impactful new laws brought significant changes to the U.S. tax code. If you are an individual seeking divorce, a homeowner or potential home buyer, or a business…
The new year brings a renewed focus on opportunities and goals. Changing your real estate, preparing your estate plan, or beginning your dream business may be a few resolutions to add to your list. Our experienced team of professionals can…
A win for small business and entrepreneurship! Illinois passes a law reducing fees to start and operate businesses to begin the new year! A lot has been written about the uncompetitive business climate in Illinois. Among some of the criticisms…
When hiring an employee, most employers are not thinking about what will happen if the relationship goes sour. However, depending on the role that employee plays within the company, that is exactly what the employer needs to think about in…
As this article points out, buy-sell agreements should not be a one-size-fits-all document. There are a variety of different scenarios that the parties must think through and anticipate before entering into such a document. Hiring legal advisers with the right…
Every business will eventually face clients who pay late, refuse to pay, or are unable to pay in full. Handling these situations appropriately is important not only for recovering the debt, but also for protecting the company’s reputation and brand…