Naperville Business Attorney Discusses Tariff Engineering

In the popular Marvel movie franchise, the “X-Men” are a group of superheroes whose powers are the result of genetic mutations. A large part of the films’ storyline focuses on the debate over whether these mutants have the same rights as regular, “non-mutant” people, leading many to view the theme as an allegory for discrimination […]

Observations on Cook County’s Soda Tax From a Naperville Business Law Attorney

Last month, a controversial new policy went into effect in Cook County, and consumers throughout the region are a bit unsure what to make of it. The new policy introduced a countywide tax on sweetened beverages in the amount of $0.01 per ounce sold, making the cost of soda in Cook County among the highest […]

Illinois Laws Favor Large Corporations Over Small Local Businesses

In 2014, Illinois’ economic development initiatives will come under increased scrutiny, and possibly legislative review as well. Last week Speaker of the House Michael Madigan caused a fury in Springfield when he refused to conduct the votes on certain proposed bills that provided tax breaks for two corporations who have threatened to leave Illinois if […]

Changes in the Tax Code For Businesses in 2014

The end of the year is always a time that business owners find themselves scrambling to make sure everything is in order. There are year-end bonuses to consider, new laws to plan for, and, of course, taxes to think about. 2013 was a big year for business owners when it came to tax considerations. One […]

Common Tax Write-Offs for Business Owners

Owning a small business has many advantages, not the least of which is the fact that business ownership can result in a decreased tax burden. Depending on the type of organization you have set up, you may be able to take advantage of one or more of the following common deductions for business owners: Business […]

Small business tax planning tips

Many small businesses are struggling in the difficult economy, competing with larger, more experienced companies. There are, luckily, many actions that a small business owner can take to keep his or her business afloat. One of these actions is to plan for tax season smartly and plenty of time in advance. Here are a few […]

What is a Sole Proprietorship?

One of the first things to decide when starting a business is deciding on a business type.  It is nearly as important as deciding what good or service your business will provide.  The reason is because of the legal, taxation and other ways that your business form will affect your business.  The three most popular […]

Tipping Fraud Incentives Soon To Be Reduced

Seeing something being done wrong makes anyone feel uneasy. The thought of doing something about it runs through your head. Actually going ahead and doing something can be scary and intimidating. But something has to be done, right? Telling authorities of inappropriate behavior and actions is the right thing to do and some sort of […]

Steps to Selling a Business

Selling a business is not as easy as putting a sign on your front door.  To truly get the most benefit of all your hard work, it takes a little bit more of your time.  It might be easy to sell your business quickly but that often won’t net you the biggest return on your […]

Reviewing Acquisitions at the End of 2012

On Tuesday, November 20th, three companies announced their plans to acquire various other businesses in multibillion dollar acquisitions.  Food giant ConAgra announced plans to purchase fledgling company Ralcorp, who provides privately labeled food products for grocery stores.  Real estate companies Equities Residential and Avalon Bay have also agreed to purchase a majority share in Archstone […]