Business & Corporate Law, Business Transactions, Wills, Trusts & Estates

The burdensome new beneficial owner reporting requirements under The Corporate Transparency Act (the “CTA”) take effect January 1, 2024, which is rapidly approaching. BrownWinick clients involved with a business entity in any respect (whether as an owner, director, officer, manager, ...

Taxation Law

The Illinois Department of Revenue published information about its upcoming tax amnesty program. Taxpayers with outstanding liabilities from periods between July 1, 2018 and June 30, 2024 can pay those liabilities ...

Business & Corporate Law, Mergers and Acquisitions, Intellectual Property, Taxation Law, ESOP

State and local taxes (SALT) often take a back seat to federal tax considerations, to the extent that tax is even at the table when it comes to deciding what’s best for a business. And while federal income tax is typically the largest tax liability for a business, ignoring SALT in business planning can create unnecessary risk and leave money on the ...