Small business owners in Illinois often see the effects of legislation long before larger businesses notice an impact. In some cases, new legislation benefits small business owners and helps them grow. But some laws, like the ones that will begin on Jan. 1, 2024, may...
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The importance of having a living will
It’s a common misconception that estate planning is for planning what happens to one’s assets after they die. But there is also a way to plan for one’s medical care needs in case one becomes incapacitated and can’t make medical decisions for themselves. A living will...
What to know before purchasing a foreclosed home
There are some advantages to buying a foreclosed home in Illinois, many of those being financial. But some issues are common with foreclosures. Whether one plans to buy a foreclosure to flip and resell, or one chooses to live in the home, it’s important to understand...
Proposed law could be harmful to some small Illinois businesses
Most business owners in Illinois try to stay aware of any new regulations that could impact their operations. This can be difficult as legislators are often making new laws that are designed in theory to benefit workers. However, some laws can hinder a business’...
Overcoming common problems in business start-ups
When someone decides to start a business in Illinois, it’s helpful to be aware of and prepare for some of the issues that often arise in start-ups. Starting a new business can take a lot of time, money, and determination. But those who are prepared for setbacks can...
Choosing the right person to have power of attorney
There is no single perfect way to plan for the future. If you are considering what you may need for your estate plan, it may be helpful for you to look at the tools available to you beyond a basic will. A will is a good place to start, as this is a document that...
Tips for first-time homebuyers in Illinois
Buying one’s first home in Illinois can be a very exciting, but also stressful, experience. Navigating the home-buying process comes with many challenges. Finding the right location, choosing the right home, and financing the costs of the home can leave buyers with...
Illinois entrepreneurs may find tax laws prohibitive
When choosing where to start a business, entrepreneurs have many things to consider. Starting a business in Illinois may have benefits for a business owner, depending on their goals. However, because of the tax rates in the state, in combination with local taxes, some...
Understanding probate in Illinois
When one is estate planning in Illinois, it’s helpful to understand the probate process. Not all estate plans must go through probate. In fact, many people wish to create an estate plan that will not require probate, which can decrease the stress on family and friends...
Resolving business disputes
Most businesses in Illinois will deal with some type of dispute, and many will face these issues on more than one occasion. A business dispute between partners, shareholders or others with an interest in the organization can decrease productivity and negatively impact...