If you own a business, you likely know the extensive planning required to keep operations running successfully. Just as you devote time and attention to running your business, it is equally important to create a carefully devised estate plan to…
Starting a business is an energizing experience for those with the entrepreneurial spirit that often involves developing a partnership with various individuals – an accountant and a commercial banker for example. Often, business owners may overlook the benefits of legal…
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…
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…
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…
Do you have a great idea and the desire to run your own business or create a partnership? Before you start your own business or your partnership, you should be aware of considerations that will take place in the process…
This article has great steps to keep in mind when you are trying to collect on a small business debt. However, before writing off any small business debt, think about getting a judgment and collecting against the assets of the…
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…