There are many challenges associated with opening a small business in Illinois. Finding the funds to operate a business can be difficult, especially if one is looking for a lot of capital upfront to get started. Fortunately, there are opportunities for entrepreneurs...
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
Experienced Representation In Business Law, Estate Planning And Tax Law
Godfrey Illinois Law Blog
What documents are needed for a tax audit?
The Illinois Department of Revenue can perform a tax audit to determine if you have reported your taxes accurately for a given period. This process can be highly stressful, especially without the proper preparations. As a business owner, you should keep crucial...
Differences in revocable and irrevocable trusts
Trusts are an important addition to an estate plan if one wishes to have more control over how one’s assets are used by the beneficiary. Illinois residents may wish to add a trust to their estate plan to help their children or grandchildren make more responsible...
Do you know what is going to happen during probate?
After the death of a loved one, you may face the daunting task of settling his or her estate and deciding what happens to personal property. This is not an easy task, even if the decedent left clear instructions in his or her estate plan regarding these matters. There...
What to know before buying an HOA-governed home
Buying a home in Illinois means weighing different options when it comes to location, price, neighborhood, and features of the property. One must also decide if one wishes to live in a home that is governed by an HOA. While many homeowners appreciate the cohesiveness...
What to know before registering an LLC
When starting a business in Illinois, one can benefit from understanding the initial process to have the business registered within the state. Many people choose to start an LLC because the steps required are simple and easy to understand. Most small business owners...
Understanding estate tax returns
Many responsibilities come with acting as someone’s estate executor. Illinois residents who are tasked with executing an individual’s estate after that person’s death should be aware of the tax issues that must be resolved. One of these issues is filing a final tax...
Dealing with an error on a tax return
Filing income tax returns in Illinois often comes with much paperwork, which can leave one feeling overwhelmed. Some individuals and small business owners may choose to complete their tax returns without professional assistance. While many individuals can complete...
The details of your business plan matter
You may be one of many people who want to work for themselves by starting a small business. Business ownership is a dream of many, but there is much more involved with entrepreneurship than just having a good idea for a company and launching a social media page. One...
Filing for an income tax return extension in Illinois
Filing one’s tax return on time can sometimes come with challenges. Delays in getting the proper documentation and other incidents can lead to delays in completing one’s Illinois income tax return. For those who are facing delays, there are options in filing for an...