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An LLC has a corporate veil that protects a company owner from being personally liable for the business’s debts. Even though an LLC is created to separate the business’s finances from the members’ finances, an individual member’s interest in the LLC could become subject to a court order to pay a creditor in certain circumstances. Read on to find out how and when your LLC member interest could be attached by a personal creditor.
To stay ahead of the game as tax season quickly approaches, here are the top 4 things you need to think about and do before you sit down to file your taxes in 2019.
A Limited Liability Company (LLC) is one structure that many business owners choose because it is relatively simple, and it is more flexible than a traditional corporation. Read on to learn our top 5 reasons why an LLC may be right for you.
Now is the perfect time to reassess your legal and financial situation to create a new estate plan or update an existing estate plan that no longer suits your circumstances. Read on to learn how to complete this paperwork priority without headaches and set yourself up for the New Year!
Landlords and property managers must be familiar with “fair housing” federal, state and local laws. These laws are an important way to protect home buyers and renters, they are not always obvious to landlords and property managers. Take a look at our guide to learn about one specific aspect of fair housing that is unique to Chicago and Cook County, Illinois: source of income discrimination.
After you create your Estate Plan, the best thing to do is to make updates once the plan has been created based upon key life events. To make sure your wishes are followed in the event of your death or incapacity, read on to learn about the 9 life decisions or events that should get you thinking about updating -- or creating -- your estate plan right away.
There has been an increase in home buyers purchasing real estate under an installment contract also called “rent to own” contract or contract for deed, rather than using a traditional mortgage. Read on to learn about the new installment “rent to own” contract law in Illinois is designed to protect home buyers who finance a home purchase using an installment contract.
2019 is fast approaching! As we all prepare for the holidays and a new year, don’t forget to wrap up any loose strings with your estate planning, including starting one! Check out our top 5 tasks that should be on your estate planning checklist.
Changes to the Home Repair and Remodeling Act (HRRA) will go into effect on January 1, 2019 and will impact homeowners, real estate investors, and contractors alike. Review this quick “need to know” guide to understand contractor requirements and homeowner rights.
Leading a nonprofit organization can be incredibly rewarding, and uniquely challenging. Operating a nonprofit is like running a business: it requires discipline, organization, and clear systems. Take a look at our 5 Keys to boost your operations for a more impactful organization.
A registered agent is the person or company who is empowered to receive official communications on behalf of an entity. Read on to find out the top reasons why your business could use a registered agent service.
If you are on the board of directors for a nonprofit you know that fundraising is the lifeblood of the nonprofit sector. Read on to understand the applicable laws and get insight on how to create systems for legal compliance and risk management when it comes to fundraising.
