Though it’s never a welcome experience, complications with your taxes do happen. If you fall behind and find yourself unable to pay all of your taxes, the IRS will take steps to collect them. When this occurs, you will have options but they will vary based upon the...
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Godfrey Illinois Law Blog
Prepared for a whole range of real estate law needs
Legal issues involving real estate law can be some of the most detail-oriented and complicated issues that Illinois residents might face. Sure, a seemingly run-of-the-mill purchase or lease agreement might appear to be fairly straightforward, for example, but those...
Consider personal liability when starting a business
If you are starting your own business in Illinois, you are probably aware that business owners face many unique challenges that they would not face if they were employees. One challenge may be being held personally liable for debts owed by the business. What is...
Businesses getting paid online should know about tax changes
For many businesses in Godfrey and throughout Illinois, the methods in which they are paid for their goods and services have changed dramatically in recent years. Whereas in the past, people paid using cash, checks or credit cards, the new template includes...
My business is being audited. What happens now?
An IRS audit is one of the most stressful situations you can face as a business owner. You may be concerned that the audit will affect your bottom line or even the viability of your business as a whole. It is important to understand your rights and options when it...
Discretionary termination clause in a lease agreement
Commercial landlords in the Godfrey area often have many issues that confront them on a weekly basis. Many of these issues are addressed in the commercial lease agreement which is why that agreement is so important. The lease is the backbone of a commercial landlord...
Is having a will enough of an estate plan?
As we all know, estate planning can get complicated. This is because a full estate plan covers multiple scenarios, and includes both end-of-life and post-life solutions. This brings many to wonder whether simply having a will is enough. In most cases, it is not....
Advantages and disadvantages to an LLC
If you are a new business owner in Illinois, one of your first steps will be determining which type of business formation you want for your business. The formation you choose will serve as the blueprint for your business and will have a significant impact on all...
What should you know about easements?
Real estate law is one of those areas where many people tend to see more complications than solutions. There is no doubt that this area of the law is oftentimes heavy on documentation, records and the exact wording of contracts. Easements, for example, fall under an...
What is a power of attorney and why is it important?
One of the most important decisions individuals can make when getting their estate in order is whether or not to include a power of attorney (POA) to help with financial or health concerns. Along with all the other important estate planning documents, a POA is...