Filing For Unemployment Insurance In Illinois As A Business Owner Or Self-Employed Individual

(Image by Gerd Altmann from Pixabay ) The CARES Act, Public Law 116-46, signed into law 03/27/2020, see https://www.congress.gov/bill/116th-congress/house-bill/748, expanded unemployment benefits to include business owners and self-employed individuals. This means that you, as an owner or self employed individual with lost income as a result of Coronavirus shutdowns, can apply for Illinois unemployment insurance, in the same…

ISBA LLC and S Corporation Tax Seminar Free Powerpoint

Jim Nepple and I presented a half day seminar on LLC and S corporation tax issues on May 15, 2018. My part focused on what pass-through entities are, and how Illinois LLC operating agreements should be modified to define agency authority (e.g., who can sign contracts for the company) and manager rights, if the company…

Business Issues In Estate Administration

Just delivered a talk to the DuPage County Bar Association on family business issues in estate disputes. Reminded those present that most buy-sell agreements are not funded with “Key Man” insurance, that most spouses and children are incompetent to manage the business but want money, and that even rich people like the Wrigleys and the…

What To Do About A Patent Troll?

“Patent trolls” take advantage of the relatively easy process for getting a “patent” for inventions in the USA (almost 303,000 issued in 2013, according to the US Patent and Trademark Office, see http://www.uspto.gov/web/offices/ac/ido/oeip/taf/us_stat.htm) and the frequently incomprehensible language of “claims” in the issued patents to suggest that their (often never commercialized) old inventions were the…