Why Estate Planning Isn’t Just for Retirement—It’s for Right Now

By |2025-04-11T10:39:37-05:00April 11th, 2025|Blog, Business Structure, Estate Planning, Estate Planning, Small Business, Tax Law, Tips|

Too many high-earning professionals and business owners think of estate planning as something to do “someday”—after retirement, after the kids are grown, after things slow down. But life doesn’t always wait for the perfect moment. Whether you’re running a practice, growing a business, or building generational wealth, the decisions you make today will shape [...]

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Estate Planning Mistakes That Cost High Earners Millions—And How to Avoid Them

By |2025-03-07T10:13:25-06:00March 7th, 2025|Blog, Estate Planning, Estate Planning|

For high-net-worth individuals, estate planning is more than just drafting a will—it’s a strategic process that ensures your wealth is preserved, protected, and passed on according to your wishes. Unfortunately, even the wealthiest individuals make costly estate planning mistakes that can lead to unnecessary taxes, legal disputes, and financial losses for their heirs. Here [...]

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Illinois Employment Law Changes for 2025

By |2025-01-10T10:04:37-06:00January 10th, 2025|Blog, Business Law, Employment Law, Illinois State Law, Small Business|

Navigating the ever-changing landscape of employment and business law is a constant challenge for business owners. Staying compliant isn't just about avoiding legal pitfalls; it's about fostering a fair and productive work environment that attracts and retains top talent. Illinois has seen significant legislative activity in this area, with several new laws taking effect [...]

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Important Update on Beneficial Ownership Reporting Requirements

By |2024-12-12T10:46:39-06:00December 12th, 2024|Blog, Business Law|

A recent federal court order has temporarily stopped the enforcement of the filing requirements for beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Therefore, at this time, reporting companies (existing and newly organized) are not required to file beneficial ownership information reports and will not be held liable for failing to do so while the [...]

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‘Tis the Season to Plan: Holiday Insights for Business Owners

By |2024-11-14T11:26:56-06:00November 15th, 2024|Blog, Estate Planning, Estate Planning, Small Business|

The holiday season is a time for joy, reflection, and gratitude. However, it's also a great opportunity to take stock of your business and personal affairs. As a business owner, you're likely busy with year-end tasks, holiday parties, and family gatherings. But don't forget to carve out some time to address your business and [...]

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Why Estate Planning Matters for High-Net-Worth Individuals

By |2024-11-08T09:26:46-06:00November 8th, 2024|Blog, Estate Planning, Estate Planning|

You've dedicated countless hours and immense effort to building a life of prosperity and success. It's a testament to your hard work, intelligence, and unwavering determination. But as your wealth grows, so does the complexity of ensuring your legacy lives on. Perhaps you've envisioned your children pursuing their passions without financial worry, or maybe [...]

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New Overtime Pay Rules: What it Means for Salaried Workers

By |2024-05-02T13:17:53-05:00May 3rd, 2024|Blog, Business Law, Business Structure, Compensation, Employment Law, Federal Law, Hiring Practices, Small Business|

Overtime pay rules have gotten some updates. If you’re a salaried worker in the United States, there’s some important news you should know about the changes to overtime pay rules and eligibility. The US Department of Labor recently announced a final rule that will make millions more workers eligible for overtime pay. Here’s what [...]

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Updates to Severance Agreements by the NLRB

By |2024-03-07T10:11:56-06:00March 8th, 2024|Blog, Business Law, Business Structure, Compensation, Employment Law, Small Business|

Are severance agreements dead? The value of those agreements for employers will be significantly less if employees are free to disparage employers after being paid. Update to Employee Severance Agreements by The National Labor Relations Board (NLRB) In recent years, the landscape of employee severance agreements has undergone significant scrutiny and adjustment, particularly with [...]

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New Rules for Independent Contractor Classification

By |2024-03-04T11:32:46-06:00March 1st, 2024|Blog, Business Law, Business Structure, Compensation, Employment Law, Hiring Practices, Illinois State Law, Small Business|

Understanding the U.S. DOL's New Rule on Independent Contractor Classification The landscape of worker classification in the United States has seen significant shifts over the years, with legal interpretations and regulations evolving to adapt to changing economic realities. One of the pivotal areas in this arena is the classification of workers as either independent [...]

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The Corporate Transparency Act Guide for Small Businesses

By |2024-01-04T11:21:54-06:00January 19th, 2024|Blog, Business Law, Business Structure, Federal Law, Small Business|

The Corporate Transparency Act has gone into effect this year. In the ever-evolving business landscape, staying on top of regulatory changes is crucial. The Corporate Transparency Act (CTA), effective from January 1, 2024, brings important requirements for small businesses across the United States. Let's dive into the key aspects of the CTA and what [...]

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