The recently released Midwest Entrepreneur of the Year awards showed that our state has a wealth of world class entrepreneurs. The Midwest Entrepreneur of the Year awards looks for the most innovative and successful entrepreneurs throughout Illinois, Indiana and...
Experienced Representation In Business Law, Estate Planning And Tax Law
Godfrey Illinois Law Blog
Leaving a legacy through a charitable remainder trust
Altruism is a noble trait, and one way that many people in the Godfrey area -- especially those with significant assets -- choose to express this trait is through charitable giving. Charitable giving does not have to end when you pass away, however. One option for...
Tax debt relief for small businesses
You may worry that because you cannot pay your full tax debt, you have no recourse. However, you cannot put off dealing with the matter. The IRS may resort to tax liens, levies and garnishments that lead to the closure of your business. Options for relief are...
Review documents carefully in any real estate transaction
The purchase or sale of real estate, whether it is for business or personal use, can be an exciting time for all involved. Businesses acquire real estate to start up, expand or to find space for inventory or employees. Individuals and families throughout Illinois buy...
A special needs trust might be right for your loved one
There are many aspects to estate planning. You certainly don’t have to address each one if it’s not applicable to your situation, but that’s the beauty of estate planning: that you can custom tailor an estate plan to fit your needs. Yet, you do need to be careful that...
The dangers of failing to devise a sound estate plan
After a lifetime of hard work and planning, most Illinois residents look forward to enjoying their retirement years and passing on their wealth to their loved ones. One of the most effective ways to ensure that one’s assets and money go to the parties and entities of...
Litigating a non-compete agreement
Non-compete agreements between employers and employees are often the subject of dispute in many Illinois litigations. Therefore, it is important that your attorney be very familiar with case law regarding these agreements, as well as the tendency of Illinois courts...
4 employer responsibilities in Illinois
In the early days, your business may be small enough to operate on your own. However, as your business grows, you may have to hire some help. As an employer, you have obligations to the state and to your employees in addition to the other responsibilities involved in...
Launching a charity is legally complicated
Many people in Godfrey and throughout the greater Saint Louis area may be interested in forming a charity for some noble cause. As people probably guess, forming a charity or nonprofit is not just a matter of having a good cause and funds available for spending. There...
When choosing a business structure, consider liability
When an entrepreneur in Illinois is deciding on their business structure, one of the first things they should consider is whether they want to be held personally liable for business debts. Generally, in a sole proprietorship, the founder/owner of the business is...