Under federal law, any taxpayer who has earned more than a statutorily mandated minimum amount of gross income must file a tax return. Failure to do so could result in sanctions. According to the Internal Reven...
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In recent years, crowdfunding has become a useful fundraising option for many small and midsize businesses. Because it is a relatively new method of raising capital, the regulations that govern crowdfunding are...
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According to a study from the World Intellectual Property Organization (WIPO), the global value of intellectual property (IP) is approximately $6 trillion. Depending on the nature of the business, a company’s...
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In Illinois, unemployment benefits provide much needed financial protection to individuals who have lost a job. Employers pay into the program to ensure funds are available for workers who need to make a claim....
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Payroll taxes are paid by an employer on behalf of an employee. These taxes are used to fund key public programs, including Social Security, Medicare, Medicaid and unemployment insurance. When companies withhol...
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Buying commercial real estate is a significant investment for any business. Before you complete the transaction, it is imperative you ensure the property is in good condition and well-suited for your company’...
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Are you considering purchasing a small or midsized company in Illinois? If so, it is imperative you perform comprehensive due diligence before completing the transaction. Mergers and acquisitions (M&A) can ...
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An individual shareholder — typically, a minority shareholder — may be able to bring a lawsuit on behalf of the corporation without getting approval from the board of directors. This type of legal action is...
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Securities are governed by complex state and federal regulations—including the Securities Act of 1933 and the Securities Exchange Act of 1934. Of course, in some cases, the line between a commercial transacti...
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With all the various tasks to handle when running a business, you can be sure there will be some deadlines you miss, but one deadline you don’t want to miss is paying your payroll taxes (the IRS refers to the...
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