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Legal Quick Hits for the week of October 28th, 2013

Legal Quick Hits for the week of October 28th, 2013 >        A testament to how complex and politically-charged the immigration debate has become in the United States, some politicians aren’t even...

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Ideas for the Top Businesses to Start in 2014

Last December I gave you 13 businesses to start in 2013 which people seemed to enjoy. So, I’m doing it again this year. According to a recent survey by Kelly Services, roughly 48% of world employees...

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2014 Tax Law Changes To Know

Each year brings with it various changes to federal tax laws. Navigating all of those changes can be daunting, especially if you have little experience or knowledge about tax outside of filing income...

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Getting to Know the Sole Proprietorship

LLCs are all the rage these days, but did you know that even without formally forming a business, like an LLC or corporation, you may very well be operating a business without even considering it as a...

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I Have to Do What For My Employees?? Navigating Employment Law Issues for New...

Every business owner thinks about how his or her company will grow from a small entrepreneurial idea, to a budding business, to something sustainable and long-lasting. Employees are almost certainly...

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Do You Need Licenses For Your Business?

The licenses and permits you will need to operate your business vary widely depending on your location and type of business. However, there are a few items that will be necessary for nearly all new...

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Top Six Reasons To Have an LLC Operating Agreement

For many new business owners, one of the first questions they need to tackle is what type of business entity to form. From multiples types of corporations and partnerships (or sole proprietorships for...

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How an LLC Works: An Illustration

One of the first decisions an entrepreneur must make after deciding to start a business is how the business should be structured. There are a number of options, from C Corporation to S Corporation, to...

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Brian Plain CFP | The Alternative Advisor Podcast

As an estate planning attorney, I find myself working with clients to protect certain aspects of their financial life at a very high level, meaning, that while we work together to establish the...

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Piercing the LLC Veil in Illinois

I often receive questions from small business owners or folks thinking about starting a new business about how best to protect themselves from liability. Not surprisingly, from a legal standpoint, it’s...

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Employee or Independent Contractor? Misclassification Can Be Costly

The prospect of hiring workers, while exciting, can be intimidating to new business owners, Employment law can be a confusing and time-consuming minefield, and the consequences of making a mistake can...

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Unpaid Interns-- Ideal but Risky for Business Owners

An ever-popular method for small businesses to acquire some extra—albeit temporary—hands on deck is to hire interns. Typically college students with similar career aspirations are eager to gain some...

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New Overtime Rules Set to Affect Many Small Businesses

Overtime protections were first put into place by the Fair Labor Standards Act of 1938, and established the general standard that workers be paid time-and-a-half for any hours worked over 40 hours in a...

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What to do After Forming a Corporation

So you’ve gone through the analysis and decided that a corporation (rather than a partnership, LLC or other entity) is the appropriate formal structure for you business.You’ve filed your articles of...

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What to Know When Hiring an Employee in Illinois

Hiring your first employee is an exiting time for any growing small business. But, it's not as simple as just writing a paycheck to your new worker. Failure to comply with the law can have some serious...

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Give Your Business a Legal Checkup

In the words of Benjamin Franklin, "an ounce of prevention is worth a pound of cure." Few places is that more evident than in the field of law, where taking proper measures to protect one's interests...

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What to Know About the New Deduction for Qualified Business Income for Small...

The Tax Cuts and Jobs Act, otherwise known as the tax reform bill includes some provisions which should prove beneficial to pass-through business owners. For those unfamiliar with the concept of...

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Changes to Corporate Taxes Under the Tax Cuts and Jobs Act

In a post last week I touched on some of the implications of the new tax law on pass-through business entities, like LLCs, S Corporations, partnerships, and sole proprietorships. Noticeably absent from...

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Give Your Business a Quick Legal Check Up for 2018

In the words of Benjamin Franklin, "an ounce of prevention is worth a pound of cure." Few places is that more evident than in the field of law, where taking proper measures to protect one's interests...

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