Have a look back at Part One of this Hunting Lease series for tips and tricks on the basics of hunting lease agreements. What Happens if There is a Dispute Over a Hunting Lease? While one goal of hunting lease agreements it to preempt any disputes or disagreements between the lessor and the lessee, another goal is to roadmap what …
How to Create an Effective Hunting Lease – Part One
What is a Hunting Lease? And Do I Need A Written Hunting Lease Agreement? In its simplest form, a hunting lease is an agreement between a landowner (the “lessor”) and a hunter (the “lessee”) whereby the landowner agrees to let the hunter use his or her land for hunting purposes in exchange for cash rent. While it may feel like …
Important Questions to Ask When Investing in a Vacation Property
According to the National Association of Home Builders, in 2018 there were approximately 7.5 million second homes, making up 5.5 percent of the total number of homes.[1] These homes are not only real estate that must be planned for, managed, and maintained, they are also the birthplace of happy memories for you and your loved ones. Following are some important …
How Do I Obtain a Business Loan?
Small businesses are the backbone of the US economy, accounting for nearly half of the country’s economic activity, creating two-thirds of new jobs, and driving innovation—and business loans are the backbone of small business growth. Lenders provided over $644 billion in small business loans in 2019, according to the Small Business Association (SBA). The most common reasons why businesses borrow …
Key Person Insurance: What Is It and Do I Need It?
We protect what we value most with insurance. Car insurance and home insurance ensure that we can financially survive a major property loss. Life insurance pays money to beneficiaries after a death, acting as a financial lifeline to the deceased’s loved ones. Business insurance is a hedge against uncertain losses and unpredictable risks that companies face. Key person insurance, also …
Business Ownership Considerations for Non–United States Residents
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 …
How Do I Start a Home-Based Business?
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 …
Why You Should Consider Putting Your LLC into a Trust
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 …
Cari Rincker Joins Amicable Divorce Network
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 …
Ask Cari: Divorced Parents and the Earned Income Tax Credit
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: …
Considerations Before Owning a Business with Your Spouse
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’s and Don’ts of Egg Donation in Illinois
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 …