In this article, we discuss Illinois employee and employers’ rights during the coronavirus pandemic and attempt to answer the following questions: how does sick pay work under the Families First Coronavirus Response Act (FFCRA)?, which employers qualify for the provisions under the FFCRA?, what reasons qualify an employee for paid sick leave under the FFCRA?, what are the different durations of leave and pay calculations afforded under the FFCRA?, what is the current coronavirus hazard pay situation for essential workers in Illinois?, and how has the furlough process for Illinois employers changed due to coronavirus?
In this article, we discuss a recent amendment to the Illinois Human Rights Act requiring all businesses to have a formal sexual harassment training program. We will answer the following questions: what requirements are outlined in the amendment?, does the amendment cover all employers and employees?, and what happens if an employer fails to provide sexual harassment training?
In this article, we discuss what PPP loan borrowers should be aware of when filing for forgiveness, and answer the following questions: what were the PPP loans originally intended for?, what information must a PPP borrower provide if audited?, and what happens if a PPP borrower is found ineligible or fails to respond?
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In this article, we discuss Iowa intellectual property law and answer the following questions: what is intellectual property?, what type of intellectual property do I have?, how can I protect my intellectual property?, and what should I do if someone infringes on my intellectual property rights?
In Iowa, sole proprietorships are more or less the “basis” format for a business. Sole proprietorships aren’t a legal business entity. It is considered one and the same from the person operating the entity. Because there is no difference between the individual and the business, sole proprietors do not need to file business tax returns. The business’s profits or loses will be on their personal tax returns. As for liability, because there is no difference between you and the business, you are liable for anything the business is, whether it be a contract you make on behalf of the business or any litigation against the business.
An Indemnification agreement is an agreement between two parties providing that if one party is sued for a particular reason, the other party will cover the costs of defending the lawsuit as well as any damages that arise from the suit. It is a useful tool when two parties are intertwined in a larger transaction, and want to divide legal responsibility between them. It protects each party from lawsuits for which the other should be responsible.
Incorporating a business is important for two primary reasons: (1) to protect personal assets from business creditors; and (2) to obtain favorable tax treatment for all business income. For more on this, please read our previous article: Why Incorporate Your Business?
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
An Indemnification agreement is an agreement between two parties providing that if one party is sued for a particular reason, the other party will cover the costs of defending the lawsuit as well as any damages that arise from the suit. It is a useful tool when two parties are intertwined in a larger transaction, and want to divide legal responsibility between them. It protects each party from lawsuits for which the other should be responsible.
Incorporating a business is important for two primary reasons: (1) to protect personal assets from business creditors; and (2) to obtain favorable tax treatment for all business income. For more on this, please read our previous article: Why Incorporate Your Business?
An Indemnification agreement is an agreement between two parties providing that if one party is sued for a particular reason, the other party will cover the costs of defending the lawsuit as well as any damages that arise from the suit. It is a useful tool when two parties are intertwined in a larger transaction, and want to divide legal responsibility between them. It protects each party from lawsuits for which the other should be responsible.
Incorporating a business is important for two primary reasons: (1) to protect personal assets from business creditors; and (2) to obtain favorable tax treatment for all business income. For more on this, please read our previous article: Why Incorporate Your Business?
In a previous article, we discussed the benefits of incorporating. In this article we will discuss why it makes sense to hire an attorney to set up your corporation or LLC.
Make a consultation reservation online using our online scheduling tool.
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
