I recently spoke at the ACA (American Club Assn) Breakfast. The Topic was: Getting the Business Prepared for Transition: Estate and Preparing Your Business for Sale. We talked about the value of Buy-Sell Agreements and some of the options available to Business Owners when they plan for transition.
Rules, Regulations and Requirements like those noted below impact the day-to-day aspects of running a business.
While change is inevitable, the process of planning is essential. The team at Anthony J. Madonia & Associates, Ltd. is available to assist in Providing The Right Direction™.
We all know that life is a journey and sometimes messy. It can change in an instant and turn our world around. That is why we consider Estate Planning to be a Process, Not an Event.
Over the years, we have created hundreds of Estate Plans for Business Owners and Individuals. Yet, in today’s environment, nothing stands still. It is essential to revisit an Estate Plan every year to ensure that it will continue to accomplish its original objectives.
The Bank Secrecy Act requires U.S. persons to file disclosure form TD F 90-22.1 by June 30 of every year for those having a financial interest in an account or accounts in a foreign country that exceed $10,000 at any time during the year. The $10,000 threshold applies to the aggregate of all foreign accounts, not per account. These are known as the Foreign Bank Account Reporting (FBAR) rules.
New laws go into effect in Illinois on January 1, 2015, as a result of the recently signed, Job Opportunities for Qualified Applicants Act. The Act places new restrictions on the timing of employer inquiries into the criminal background of potential hires.
The Act applies to every employer, including employment agencies, of 15 or more people of record in either the current or preceding calendar year. However, the law does not apply to public employers.
Businesses need support and advice. They especially need support in times of exponential growth, during economic challenges, and in transition.
Anthony J. Madonia and Associates, Ltd. is a premier law firm located in vibrant downtown Chicago that focuses on Corporate Law, Mergers & Acquisitions, Taxation and Estate Planning.subscribe archives