Key Updates to the Federal Corporate Transparency ActAugust 15, 2024On January 1, 2024, the Federal Corporate Transparency Act (CTA) went into effect. This law affects mostly small businesses by...
Overly Detailed Board of Directors Minutes: A Legal Liability?July 25, 2024Here’s a hypothetical scenario for you. The board of directors of a well-respected nonprofit organization was sued by a disgruntled...
Bylaws: A Governance Document; Not Your Operations ManualJune 25, 2024Bylaws serve as an organization's governing roadmap, outlining the rules and procedures that guide operations and strategic focus. Well-crafted bylaws...
How a Recent Court Settlement is Reshaping the Real Estate MarketApril 16, 2024A recent court settlement between the National Association of Realtors (NAR) and groups of homeowners across the U.S. has upended...
How to Navigate the New Illinois Freelance Worker Protection Act (FWPA)March 29, 2024The recently enacted Illinois Freelance Worker Protection Act (FWPA) goes into effect on July 1, 2024. It requires non-governmental persons...
Why Proper Documentation is Vital for Nonprofit Corporate SponsorshipsFebruary 27, 2024Corporate sponsorships and underwriting have become key strategies for many nonprofits and associations nationally. These types of non-dues revenue can...
Illinois Courts Deny Insurance Coverage for Pandemic Related Business LossesJanuary 29, 2024Several appellate courts in Illinois have further narrowed the path for businesses seeking insurance coverage for COVID-19 related losses. These...
The Opportunity of Office to Medical Space ConversionsNovember 20, 2023Traditional office spaces, once bustling hubs of professional life, now echo with emptiness. In the wake of the global pandemic,...
Approaching Deadline for the Illinois Secure Choice Retirement Savings Program (“SCRSP”)October 24, 2023The Illinois Secure Choice Retirement Savings Program (“SCRSP”) is a state-facilitated retirement savings instrument for private sector workers in Illinois...
What You Need to Know About the Federal Corporate Transparency ActOctober 16, 2023The Federal Corporate Transparency Act (CTA), enacted by Congress as a component of the Anti-Money Laundering Act of 2020, goes...
