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Explore business legal guidance from Lexern Law Group, helping owners, executives, and entrepreneurs protect operations, assets, and long-term growth.

The Ultimate Guide to Florida Homestead Exemption Asset Protection

By |2026-04-14T11:46:30-05:00April 15th, 2026|Blog, Estate Planning, Estate Planning|

What is the single biggest benefit of the Florida Homestead Exemption? If you ask the average homeowner in Boca Raton or Sunny Isles Beach, they will tell you about property tax savings. While saving money is great, they are missing the most critical "superpower" of Florida law. Beyond the yearly tax breaks, Florida Homestead [...]

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Beyond the Brick and Mortar: Digital Asset Succession for Illinois Business Owners

By |2026-06-03T11:20:18-05:00April 3rd, 2026|Blog, Business Law, Estate Planning, Estate Planning, Small Business|

Why Digital Asset Succession Illinois Matters More Than Ever When most Illinois business owners think about succession planning, they focus on tangible assets such as real estate, inventory, equipment, and bank accounts. While those assets are important, they no longer reflect the full value of a modern business. Today, digital asset succession planning is [...]

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Illinois Probate Attorney: 5 Critical Mistakes to Avoid

By |2026-06-08T10:51:51-05:00March 19th, 2026|Blog, Estate Planning, Estate Planning|

Mistakes an Illinois Probate Attorney Can Help You AvoidHelping aging parents navigate their golden years is a profound responsibility, but without the right legal safeguards, many families inadvertently walk into court-supervised nightmares. In Illinois, when an elderly parent experiences cognitive decline or passes away without a comprehensive plan, their estate is frequently plunged into the [...]

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Estate Planning for Russian-Speaking Entrepreneurs in the U.S.

By |2026-06-03T12:47:13-05:00December 12th, 2025|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

If you’re a Russian-speaking entrepreneur building your business in the U.S., you already know you’re balancing more than most—new laws, new systems, new risks. Estate planning isn’t just paperwork; it’s protection for everything you’ve worked so hard to create. Если вы русскоязычный предприниматель в США, вы уже знаете, что вам приходится разбираться в новых [...]

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LLC vs. S-Corp for Small Business Owners: Which Protects Your Family Better?

By |2026-06-03T12:56:46-05:00December 5th, 2025|Blog, Business Law, Business Structure, Small Business|

LLC vs. S-Corp for Small Business Owners - Choosing between an LLC and an S-Corporation isn’t just a tax decision — it’s a family protection decision. The business structure you choose affects liability, control, taxes, succession planning, and even whether your business ends up tangled in probate. If you’re a local small or mid-size [...]

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Top 10 Estate Planning Mistakes Doctors Make

By |2026-06-03T12:59:46-05:00November 20th, 2025|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

Physicians spend years building a thriving practice—but many overlook the estate planning steps that protect their business, income, and family if something unexpected happens. The result? Court delays, tax headaches, operational chaos, and personal exposure. Here are the top 10 estate planning mistakes doctors commonly make—and how to avoid them. 1. Not Having a [...]

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What Business Owners in Illinois Must Fix in Their Estate Plan Before They Sell

By |2026-06-14T13:36:58-05:00November 14th, 2025|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

small business lawyer ​ Business Lawyer - If you’re a business owner in Illinois preparing for a sale, here’s a question most people don’t think to ask: “Is my estate plan ready for this transaction?” And the honest answer is usually: not yet. Selling a company — especially a family-owned business — isn’t just [...]

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Illinois New Franchise Tax and License Fee Amnesty Program

By |2026-06-15T14:37:28-05:00October 23rd, 2025|Blog, Business Law, Illinois State Law, Small Business, Tax Law, Tips|

The Illinois Secretary of State’s Department of Business Services has announced a new Franchise Tax and License Fee Amnesty Program. This limited-time program gives eligible corporations the opportunity to avoid penalties and interest on unpaid or underreported franchise taxes. If your business is incorporated or authorized to do business in Illinois, you’ll want to [...]

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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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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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The Lexern Law Group, Ltd. is an Illinois and Wisconsin business and estate planning law firm, located in Libertyville, Lake County, Illinois. We primarily serve clients that are located in Northeastern Illinois and Southeastern Wisconsin, including Libertyville, Lake Forest, Vernon Hills, Buffalo Grove, Glenview, Wheeling, Palatine, Northbrook, Lincolnshire, Grayslake, Arlington Heights, Kildeer, Schaumburg, Gurnee, Deerfield, Deer Park, and Barrington areas. In Wisconsin, we serve clients in Milwaukee, Racine, Kenosha, and Mequon counties. We represent business owners and licensed professionals, such as doctors, dentists, veterinarians, and their families in business, business succession, and estate planning matters.

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