Business Law: Breach of Fiduciary Duty

May 20, 2024

When engaging in business partnerships or working with professionals who hold specific responsibilities towards your business, trust is foundational. A breach of fiduciary duty can significantly disrupt business operations and undermine this fundamental trust. At Anthony J. Madonia & Associates, Ltd., located in Des Plaines, Illinois, we are committed to helping businesses and individuals understand… Read more »

Business Law: Avoid Refund Delays with your business taxes

May 13, 2024

Avoid Refund Delays with Your Business Taxes Handling your business taxes properly is key to maintaining your company’s financial stability. Efficient tax management ensures compliance and can improve cash flow. However, delays in receiving tax refunds can interfere with financial planning and budgets. At Anthony J. Madonia & Associates, Ltd., we provide thorough legal and… Read more »

Is a 1031 Exchange Right for You?

April 23, 2024

Avoid Large Tax Gain When Selling a Business or Investment Property Is a 1031 Exchange Right for You?   Typically, when a business or investment property is sold and there is a gain taxes will be levied on the gain at the time of sale. Under Internal Revenue Code (IRC) Section 1031 there is an… Read more »

Aretha Franklin’s Estate Had No RESPECT

April 22, 2024

You Gotta Think! Think About What You Want to Estate Plan Aretha Franklin had huge hits that are as timely now as ever. These huge hits helped her amass substantial wealth and a legacy to leave. Sadly, when she died in 2018 what she didn’t have was a last will and testament. Despite her many… Read more »

Most Millennials Don’t Have Estate Planning as Their First Priority

April 22, 2024

What Millennials Think About Estate Planning In a new study conducted by Trust & Will, a California company, 52,000 millennials were surveyed about their opinions on estate planning. As a refresher, millennials fall between Gen X and Gen Z. If you were born between 1981 and 1996, you are a millennial. Millennials are considered the… Read more »

Funding a Buy-Sell Agreement with Life Insurance

April 22, 2024

Why Should I Consider or Reconsider a Buy-Sell Agreements with Life Insurance Buy-Sell agreements are one of the most important elements in the planning for any business’s long-term success. A buy-sell agreement is a contract created by business owners to help ensure that if one of the members passes away-or becomes disabled or retires-then that… Read more »

Business Law: Gather 2023 Tax Documents

April 12, 2024

As the year concludes, Chicago-based business owners must focus on tax preparation, a time that, while daunting, offers a chance to ensure financial alignment. Gathering last year’s tax documents is crucial, requiring precision to adhere to legal standards. Seeking support from Anthony J. Madonia & Associates, Ltd., can ease this process. With proficiency in business… Read more »

Business Law: What to Know Before You File Your Business Taxes

April 05, 2024

When the time comes to file your business taxes in Chicago, there are several important factors to keep in mind. Tax season can be a challenging period for many business owners, but with the right preparation, it can also be an opportunity to ensure that your business is on the right track. Anthony J. Madonia… Read more »

Anthony J. Madonia Now Licensed to Practice in Arkansas

April 03, 2024

Big News at AJM&A. If you need a lawyer licensed in Arkansas -Look no further!  Anthony J. Madonia has been admitted to the Bar of Arkansas and is now an Arkansas licensed attorney. In an effort to better serve his clients in Arkansas, Madonia applied for admittance to the Arkansas Bar and was admitted. He… Read more »

Corporate Transparency Reporting

March 28, 2024

Businesses have a multitude of legal and regulatory obligations to keep track of. One increasingly important area is corporate transparency reporting, mandated by the Corporate Transparency Act (CTA). Enacted as part of the Anti-Money Laundering Act of 2020, its primary aim is to combat financial crimes such as money laundering, terrorist financing, and tax fraud…. Read more »

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Schaumburg, IL 60173
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