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How the Tax Reform Affects Pass-Through Businesses

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 businesses if the owners report income from their businesses on their personal income tax returns. […]

How the Tax Reform Affects Businesses

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 benefit resulting from the taxation changes. The Corporate Tax Rate The new law incorporates a […]

Tips to Sell Your Home during Winter

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 Rather than gradually decreasing the listing price, set the initial price reflective of the value […]

Do the New 2018 Tax Laws Affect You?

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 owner you may be affected by this new law. CORPORATE The largest revision of the […]

New Year, New Goals

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 help make your list a reality in 2018.   Real Estate Downsize. Whether you are […]

Relief for Illinois LLCs

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 are the government fees charged to begin a corporation and limited liability companies.  As a […]

Non-Compete Agreements in Illinois

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 order to ensure that its interests are protected should that employee eventually leave the company.  […]

Buy-Sell Agreements

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 experience in these matters is a priority. https://www.forbes.com/sites/steveparrish/2014/06/16/funny-names-serious-consequences-in-buy-sell-agreements/#635e1e9f5fc4

Collecting on Small Business Debt

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 company. Our firm can help with this and give you a better shot at recovering […]

Thinking About Starting a New Business?

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 of establishing a business entity. Starting a new business is an important decision, but proper […]

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