Resources
Stay in the know of company and industry updates, accomplishments and more!
Buy-sell agreements are a key component for succession planning
An insured buy-sell agreement is a solution that allows your business to continue operating by providing a source of funds to compensate the deceased owner’s family for his or her share of the company, without having to liquidate company assets. The surviving owners rarely wish to become partners with a deceased owner’s heirs and the heirs rarely wish to get involved with the day-to-day operations of their loved one’s business. So, what exactly is a buy-sell agreement?
Sales rep prevails “up front” and recovers commissions and overrides
The warm climate and urban environment in the twin cities of Dallas and Fort Worth lends itself to infestations of pests, including ants, termites, mosquitoes and rodents. Recognizing the opportunity this creates, Julien’s Pest Control d/b/a Evolve Pest Control (“Evolve”) handed sales representative Brad Liston a five-year contract beginning in January 2021 to market pest control services in the greater Dallas-Fort Worth area.
Texas Court Stays Effective Date of FTC’s Non-Compete Ban But Only for the Plaintiff in the Case
On July 3, 2024, a Texas judge issued an opinion blocking the Federal Trade Commission’s (“FTC”) Rule set to take effect September 4, 2024, which bans most employment non-compete agreements. The opinion, however, limited the injunction to the plaintiffs in the case and the court did not issue a nationwide ban.
Below are a few key updates to stay informed of the latest real estate tax developments in the Chicagoland area.
Your Move, Governor: The Illinois Biometric Information Privacy Act is Poised for Substantial Reform/Now is the Time: A Golden Opportunity for Estate Planning (Summer2024)
Contributors: Jeffery Heftman, Christain Manalli
The Changing Landscape of Property Taxes in Chicagoland: What You Need to Know
SFBBG’s property tax team continues to serve all real estate tax needs including assessment appeals of office, industrial, retail, and multifamily properties.
Below are a few key updates to stay informed of the latest real estate tax developments in the Chicagoland area.
In-Service Transfers from Qualified Plans to IRAs
Question: I have attained age 59 ½ and have the opportunity to withdraw funds from my company 401(k) plan and contribute them to my IRA. Should I do so?
Rep goes toe-to-toe with manufacturer — and wins every round
Promoting the sale of electrical insulation used in power transmission and distribution lines is undoubtedly a seductive enough field all by itself. But mix in a lawsuit over unpaid commissions and a flailing attempt to dismiss it, and soon, the same way sex and violence sells movie tickets, the enchantment with electrical insulation sales becomes palpable.
Tax-free benefits to help business owners attract and retain employees
Lack of familiarity with fringe benefits can cause business owners to overlook tax-free perks and incentives they could be offering to prospective hires or providing to their current employees (and their spouses and dependent children) at minimal cost.
Protecting Your Brand and Your Wallet: Navigating Trademark Fraud Challenges
Fraudulent practices within the trademark industry have threatened brand owners for years, with scammers continuously refining their methods. Recognizable names such as WTP (World Trademark Publishing), TMP, WW Trademarks, Trademark Registro, and individuals impersonating attorneys or USPTO officers are among those behind these schemes.
Illinois Employment Law Update/FTC Issues Ban on Employment Noncompete Clauses for All Workers, Including Senior Executives (Spring 2024)
Contributors: Marc Pawlus & Adam Maxwell, Tedd Warden