October 27, 2021
Drag Along and Tag Along Rights
Not only are “drag along” and “tag along” catchy phrases, but they are also important concepts to consider when preparing an Operating Ag...
September 15, 2021
Incentivizing Employees with Profits Interests
We often are asked by our clients if there is a way to incentivize key employees by granting them equity in the company while also providing thos...
August 11, 2021
Member Approval to Sell Assets of an Illinois LLC
Recently, our firm served as seller’s counsel in a transaction involving the sale of all membership interests in a limited liability company. O...
June 23, 2020
Nelson and FLP Double Discounting
Recently, the Tax Court issued a memorandum decision in Nelson v. Commissioner, TC Memo 2020-81 (June 10, 2020). While the case theoretically was...
March 5, 2020
Grieve and FLP Discounts
The use of family limited partnerships (“FLPs”) to make discounted gifts has diminished somewhat since the increase in the estate tax freebie...
February 11, 2020
Illinois Amends its Equal Pay Act, Banning Employers from Asking About Salary History-What Employers Need to Know
Last summer, Governor J.B. Pritzker signed a law amending the Equal Pay Act of 2003....
October 8, 2019
Re-Domestication of Delaware LLCs to Illinois
While many Illinois businesses have traditionally been structured as Delaware limited liability companies that (may) then qualify to do business ...
October 5, 2019
Fifield Continues to Evolve
All Illinois employers who utilize or are thinking of utilizing non-competes for their employees should keep current on the trends in this area...
October 1, 2019
Registration of Delaware Series Permitted
Delaware has seemingly always been at the forefront of entity law. Delaware created the concept of limited liabilities companies (LLCs), and was ...
September 27, 2019
Real Estate Rental and the Code Sec. 199A Deduction
Rental Real Estate and the Code Sec. 199A Deduction