What are trusts and what benefits do they offer?

September 23, 2021

A Quick Overview of Trusts A trust is a plan to take care of the people you love when you’re no longer around or lack capacity to assist them. Traditionally, a trust is used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan.  In more specific terms, a… Read more »

Reading The Tea Leaves of Taxation

November 23, 2020

By: Anthony J. Madonia Over the past few weeks, I have watched several webinars, and read countless articles, on what may or may not happen to tax rates and deductions in the near future. At first, there was great debate about the presidential election. Now that Joe Biden will be our president, there has been… Read more »

Revisiting the SECURE Act

November 23, 2020

By: Elizabeth Morataya The Setting Every Community Up for Retirement Enhancement Act or better known as the SECURE Act (the “Act”) was signed into law by President Trump on December 20, 2019.  Most changes under this Act went into effect on January 1, 2020, which did not leave a great deal of time for people… Read more »

Starting a New Small Business in Chicago

November 13, 2020

 It is always the desire of many people to start their own businesses. However, it is important to note that there are several things that come into play.  For example factors such as liability protection, organizational structure, ability to raise capital, customer acquisition strategies should all be considered.  There is a long list of tasks… Read more »

A step by step guide to closing your business

October 16, 2020

Starting a business often involves several steps. However, most people don’t understand what steps to take when it comes to closing their businesses. Although employees are always made aware of the closures, customers are usually caught unawares.  There are legal steps that all businesses need to follow if they want to wind up their operations…. Read more »

If I’m Single, Do I Still Need a Will?

September 18, 2020

If you die without a will, the court will follow the intestate succession laws to distribute your assets. In most jurisdictions, this means that your close relatives will become the new owners of your property. For single individuals, the parents, children, and siblings will be the recipients. If none of them are alive, your assets… Read more »

Ways In Which You Can Turn Your Passion Into a Business

September 04, 2020

Do you know that your hobby can become an income-generating project? Regardless of what you love doing, you can turn it into a profitable business either on a full-time or part-time basis. The operation of an enterprise calls for a combination of skills for it to be successful. With advice from experts like Anthony J…. Read more »

What Are the Steps to Contesting a Will?

August 21, 2020

A will is a reflection of the intentions of a testator. However, where someone has reasons to believe that the contents of the will don’t reflect the decedent’s true intentions, then such a person can raise a contention. Suppose you have plans of contesting a will. In that case, the very first step for you… Read more »

How to Structure a Merge for Your Business

August 07, 2020

Any aggressive business person intends to grow their business to reach a wider range of customers and potential customers. The creation of a merger is among the renowned ways for business growth, especially for small businesses. However, whereas a merger can come with bigger plant size, market share, diversification of products, etc., it is not… Read more »

Registering Your Business For Federal Taxes: What to Do First

July 24, 2020

When you start a business, the first thing that you need to do is to register it with the state and the federal government for tax purposes. To make sure that all of your information is accurate and complete, it is best to work with a team of experienced business attorneys in Chicago IL. Anthony… Read more »

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