Contributors: Len Gambino, Marc Pawlus
The Corporate Transparency Act (“CTA”) was enacted in 2021 to improve transparency in order to prevent bad actors from engaging in money laundering, tax fraud, and other illicit activities from exploiting US companies. Beginning January 1, 2024, the CTA requires “reporting companies” to report information about the individuals who own or control the company to the Financial Crimes Enforcement Network (“FinCEN”).
Finding, grooming, and ultimately selling your business to one or more key employees is a process that typically takes several years. Once you have found the right successors, proper succession planning often involves two additional steps.
Another Strike Against Non-Competes / Balancing the BOTS: How to Harness the Power of AI without Falling Down the Rabbit Hole (Summer 2023)
Contributors: Norm Finkel, Robert Goldberg, Kelly Cronin
What is ChatGPT and How Will It Affect My Business?
Business owners should be aware of the benefits and legal pitfalls that lurk under the world of Artificial Intelligence (“AI”).
We recently shared with you the details of a trade regulation rule proposed by the Federal Trade Commission banning non-compete agreements.
Bank Failures and Business: How to Safeguard Your Company’s Finances / “Securing” Your Retirement Plan Distributions (Spring 2023)
Contributors: Monica Shamass, Ron Silbert
Contributors: Rich Goldwasser, Joan Berg
Employee Retention Credit: What Business Owners Need to Know / 2022 Cook County Property Assessments Arrive as Prior-Year Process Continues (Fall 2022)
Contributors: Jordan Melvin, Danielle Pearlman, Jason Newton
How the Courts Have Addressed the Pandemic’s Effect on Commercial Leases / Illinois Expands Statutory Unpaid Bereavement Leave (Summer 2022)
Contributors: Norm Finkel, Tedd Warden