Most Millennials Don’t Have Estate Planning as Their First Priority
April 22, 2024What 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, 2024Why 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, 2024As 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, 2024When 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, 2024Big 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, 2024Businesses 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 »
Common Business Shareholder Disputes
March 14, 2024Shareholder disputes have the potential to seriously disrupt and damage a business. If you are a shareholder in an Illinois company and facing disagreements that threaten your investment, or any other forms of disputes – it is essential to seek the help of a skilled Chicago business lawyer. Anthony J. Madonia & Associates, Ltd. offers… Read more »
The Importance of Conservatorship as Seen in Killers of the Flower Moon
March 06, 2024How the Osage Murders Shed Light on Estate Planning and Conservatorship In Martin Scorsese’s Oscar-nominated film, ‘Killers of the Flower Moon,’ we discover the shocking history of the Osage Murders as well as its insights into estate planning and conservatorship. It is a journey back to the early 1900s to a chilling chapter known as… Read more »
What Barbie Can Teach Us About Estate Planning
March 06, 2024In Latest Movie Barbie Faces Reality and Realizes the Importance of Planning for the Future The Barbie movie is nominated for eight awards at the 96th Oscars. While a great movie, it also has some life lessons we can learn from. If Barbie can grow up and make it in the real world, so can… Read more »
When It’s Not All Laughs-Jay Leno Faces Estate Planning Problem
March 06, 2024Jay Leno Didn’t Have an Estate Plan, and It’s No Laughing Matter. Turns out Jay Leno had to file for conservatorship for his wife because he didn’t quite have his estate planning ducks in a row. Jay’s wife has dementia, and if they had a completed estate plan, the sad and difficult time would… Read more »