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?
Can members and managers of an Illinois LLC still operate confidently knowing they may no longer be immune to liability under the recent changes to the law? In this article, we discuss how the Illinois LLC Act was amended effective January 1st, 2020, and answer the following questions: how was tort liability handled for Illinois LLCs before 2020?, how is tort liability handled for Illinois LLCs in 2020?, and what does this ultimately mean for members and managers of an Illinois based LLC?
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?
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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.
If you file for bankruptcy, you still have an opportunity to keep your house and vehicles. Whether this will be possible depends on four factors: (1) how much equity you have in the property that you are attempting to keep; and (2) whether your equity in the property exceeds the bankruptcy exemption for that type of property; (3) if you have a loan secured by the property, whether the bank will agree to reaffirm the loan despite the bankruptcy; and (4) whether you will be able to afford to continue to make your loan payments after the bankruptcy.
Make a consultation reservation online using our online scheduling tool.
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.
Our team of friendly professionals are standing by to take your call now at (563) 503-6910.
A minority shareholder faces oppression when they are denied their rights as a minority shareholder or when the majority is acting against the best interest of the minority. Often, this happens in smaller companies when minority shareholders are not able to easily sell off their shares for profit. Majority shareholders are able to make business decisions regardless of the minority, often resulting in company decisions that benefit the majority shareholder, but hinder the minority.
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.
A minority shareholder faces oppression when they are denied their rights as a minority shareholder or when the majority is acting against the best interest of the minority. Often, this happens in smaller companies when minority shareholders are not able to easily sell off their shares for profit. Majority shareholders are able to make business decisions regardless of the minority, often resulting in company decisions that benefit the majority shareholder, but hinder the minority.
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.
Our team of friendly professionals are standing by to take your call now at (563) 503-6910.
Monday to Friday
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Monday to Friday
9am - 5pm
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