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2019 Resolutions

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 our normal routines, have you considered ways you may improve your life this year that […]

Why a Business Needs an Attorney

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 representation both in forming the business and then beyond. Below are some reasons why having […]

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 […]

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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