Moving to a new country and starting a life there presents myriad challenges. Founding a business in the United States as a nonresident can be even more challenging. It requires navigating a convoluted immigration system, which specifically lacks a startup founders visa. That is on top of the extensive paperwork and filings required of all US business owners, both foreign …
The number of people working from home has never been higher. During the pandemic, many workers got a taste of the remote-work future and realized that they prefer to work from home. Now, as companies move ahead with return-to-office plans, there is an emerging power struggle is emerging between employers that want workers back at their desks and employees who …
The limited liability company (LLC) is a popular business structure that offers liability protection and avoidance of double taxation. Trusts are popular asset transfer vehicles that allow you to avoid probate and keep assets out of the hands of creditors. By placing LLC membership interests in a trust, business owners can combine the two types of legal entities and enjoy …
I have always been passionate about resolving disputes outside of court, especially when children are involved. It’s one of the (many) reasons why I love mediation. I’m excited to announce that I have been accepted into the Amicable Divorce Network for both Illinois and New York. I just completed my training and am excited to help walk folks who are …
Can the custodial parent claim the Earned Income Tax Credit while the noncustodial parent claims a different tax credit? After a divorce with children, it can be very confusing when it comes to figuring out which parent can claim which child tax credit. In most circumstances, only one parent is able to claim a child for the following tax credits: …
Both running a successful business and having a successful marriage require commitment and hard work. Operating a business as a married couple can present its share of challenges, but being devoted to one another as spouses and as business partners can bring higher levels of accountability and trust to the business. If you and your spouse can find ways to …
Do: Find a donor that shares similar values about egg donation. Have you come to the realization that in order to build your family, you will need the assistance of an egg donor? Regardless of whether you plan to carry the child yourself or hire a surrogate, the egg donor that you choose will share a permanent genetic connection with …
The war for talent is heating up. A record number of workers have quit their jobs this year, creating a massive problem for employers. While higher pay can help get new workers in the door of your business, wages alone may not be enough to keep them there. Employers are getting creative in finding ways to attract—and retain—great employees. In …
Many livestock producers (like myself) sell meat directly to consumers. One common method used by livestock producers is selling a whole head, half a head or a quarter head of beef, pork, goat meat, lamb, etc. directly to the consumer for custom processing. I recently drafted a custom processing agreement for myself and this type of agreement can be useful …
Is it too late for a prenup if I’m already married? In Illinois, prenups become effective on the day that you and your betrothed are legally married. If you’re past that point, a prenuptial agreement is no longer a valid option. That does not mean it is too late for you and your spouse to protect yourselves and your respective …
Exposure to lawsuits involving injury and loss claims is among the biggest risks that businesses face. Although liability waivers are most commonly used by businesses that offer inherently dangerous activities, such as ski resorts, amusement parks, and gyms, they can be used whenever a business seeks to limit the claims or damages that a visitor could pursue against it in …
When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs—collect income, pay bills and taxes, save and invest for the future, buy and sell property, provide for your loved ones, keep accurate records, and generally keep things organized and in good order. Key Takeaways You can …