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Protecting Main Street America-The Brokaw Act

By | January 5th, 2017|Blog, Employment Law, Uncategorized|

Hedge funds have been around for decades, but recently they have seen a sharp increase in popularity. This popularity is due, in part, to the Wall Street’s focus on the investors’ short-term benefits (or “short-termism”) and the lack of oversight over the hedge fund industry. Now, the question is whether the newly proposed Brokaw [...]

Is a Business Sale in Your Future? Six Steps to Take Now

By | September 14th, 2016|Business Law, Business Structure, Uncategorized|

The past few years have seen an increase in small to middle-sized business sales. The economic forecast suggests that this trend will continue.  If you are considering a business sale, it’s vital to understand the selling process and prepare your business for the contemplated sale well before you try to put your business on the [...]

Paid Sick Leave Changes in Chicago

By | September 9th, 2016|General, Uncategorized|

It’s getting to be that time of year again….kids are back in school, days are cooler and shorter and colds, flus and viruses rear their ugly heads. Along with feeling terrible, come doctor’s visits, medications, missed work days and sometimes hospitalization making paid sick leave is essential. The Centers for Disease Control and Prevention reports [...]

Pregnancy Discrimination – New EEOC Rules and What You Need to Know

By | September 8th, 2016|General, Uncategorized|

In June 2016, the Equal Employment Opportunity Commission (EEOC) released the enforcement guidance regarding pregnancy discrimination in the workplace. The new rules cover current, past, and even potential or intended pregnancies. More than 4 million American women become pregnant each year, according to the Centers for Disease Control and Prevention (CDC). It’s vital to review [...]

Is Your Business Partner Stealing?

By | August 25th, 2016|Blog, Business Law, Business Structure, Uncategorized|

Everyday companies form and business partners come together with the best of intentions and hopes. Often things begin smoothly but trouble rears its ugly head down the road. If you have formed a company and have a business partner, it’s devastating to find your trusted partner stealing from you. If you find yourself in this [...]

10 Must-Know Steps for a Successful Business Sale or Business Purchase

By | August 18th, 2016|Blog, Business Law, Business Structure, Uncategorized|

The global business market has seen an increase in M&A deals in recent years. According to the Mergers and Acquisitions Condition Index, in July 2016 middle market business sale and business acquisition deals increased for the second consecutive month. Another noted trend is a decrease in deal closures - often the result of lack of [...]

US Department of Labor (DOL) announced new overtime regulations

By | July 11th, 2016|Blog, Business Law, Federal Law, Small Business, Uncategorized|

The US Department of Labor (DOL) announced new overtime regulations under the Fair Labor Standards Act (FLSA).  Many workers who before were exempt from such overtime regulations will now become eligible to have their overtime pay.  Under the new regulations, any worker making $47,476 or less must be paid overtime for hours worked in excess [...]

Computer Safety Tips During the Post-Holiday Season

By | January 14th, 2016|General, Uncategorized|

Unfortunately hackers take advantage of the multitude of bargain-seeking online shoppers to upload malware and viruses to unsuspecting shoppers. Here are a few tips to keep in mind to maximize your security while shopping online this holiday season. Avoid clicking emailed or pop-up advertisements, its safer to go straight to the company's website and browse [...]

Be Ready for IRS Collection Calls

By | January 13th, 2016|Blog, Tax Law, Uncategorized|

I used to tell to my friends and clients to hang up if they receive IRS collection calls.  Similarly, the IRS and law enforcement officials often issue warnings about phone scams involving tax collection, and each time they claim the same thing: "The IRS will never call you to demand payment. It sends letters by mail." [...]

2016 Standard Mileage Rates

By | January 12th, 2016|Tax Law, Uncategorized|

The IRS recently announced the new 2016 standard mileage rates to be used for travel. The standard business mileage rate is decreased by 3.5 cents while Medical and moving mileage rates are lowered by 4.0 cents. Charitable mileage rates are unchanged. 2016 Standard Mileage Rates Lower gas prices - good news; lower IRS standard mileage [...]