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It is important to choose the right legal form for your business
Mar 19, 2019

It is important to choose the right legal form for your business

Deciding on the legal structure is one of the most important decisions you will make when starting a business. You will probably decide on the legal structure early in the business formation process. However, your choice will have long-term impacts on the amount of taxes…

Illinois is broke, so be alert to new taxes
Feb 20, 2019

Illinois is broke, so be alert to new taxes

As most of my clients that have heard me speak over the last 20 years can attest, I have been known to say, “Illinois is broke, so be alert to new taxes.” One fact I have mentioned on several occasions is that Illinois does not…

Business tax impact and implication
Dec 05, 2018

Business tax impact and implication

Regardless of the product or service a business provides, all companies share two common concerns: profits and losses. While people form businesses to meet a need, those companies revolve around making money. At a certain point, making money includes minimizing expenditures. In any venture, you…

Staggered distribution is important in high asset estate plans
Aug 24, 2018

Staggered distribution is important in high asset estate plans

If you have a large estate and minor children, it’s important to consider how you might control your heirs’ inheritance in case of a tragic event. Staggered distribution trusts are common for young beneficiaries of high-asset estates, because they pay out over time — keeping…

Should you write a business plan?
Jun 06, 2018

Should you write a business plan?

You may be an entrepreneur considering if you need to write a business plan. It sounds like a great idea. You would think any new business or idea may need a plan to be successful and you would be right. There are many reasons why…

Business owners should start planning for 2018 taxes now
Feb 26, 2018

Business owners should start planning for 2018 taxes now

Taxes can be a particularly frustrating part of running a business. Filing on behalf of a company is often much more complicated than the average personal tax return. Audits tend to be more of a hassle as well. Because a higher value is likely at…

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