Insights
2024 First Installment Property Tax Bills
First installment property tax bills have been mailed out for nearly 1.8 million Cook County properties. The payments for the first installment bills are due March 4, 2025.
Below are a few key updates to stay informed of the latest real estate tax developments in the Chicagoland area.
Updates to Beneficial Ownership Information Reporting Deadlines – Reporting Requirement Stayed
Yesterday, we reported that the motions panel of the Federal Court of Appeals for the 5th Circuit decided, pending appeal, that reporting companies are required to file their beneficial ownership information with FinCEN no later than January 13, 2025. However, late yesterday, the merits panel of the same Court ordered a portion of the motions panel decision to be vacated, effectively reinstating the District Court’s December 3, 2024 preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule.
Updates to Beneficial Ownership Information Reporting Deadlines – Beneficial Ownership Information Reporting Requirements Now in Effect, with Deadline Extensions
Earlier this month, we reported that the U.S. District Court for the Eastern District of Texas issued a preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. This week the Federal Court of Appeals for the 5th Circuit decided that reporting companies are required to file their beneficial ownership information with FinCEN.
Rules and Lawsuits and Injunctions, Oh My!
What is the practical effect of two recent FLSA rulings?
In recent months, two different courts sitting in Texas have issued headline-grabbing rulings interpreting the Federal Fair Labor Standards Act (“FLSA”).
Preliminary Injunction on CTA Enforcement and Reporting Rule
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. The effect of the injunction is nationwide.
An Agreement Not to Agree?
Does an Employer’s Written Disclaimer Automatically Bar an Employee’s Illinois Wage Act Claim? The Seventh Circuit says “no.”
Chicago’s Commercial Leasing Market: Adapting to the Current Market Landscape / Revisions to Model National Venture Capital Association Documents and Amendments to Delaware Corporate Law (Fall 2024)
Litigation or Arbitration: Which is Better? You Be the Judge!
Each of these dispute resolution avenues includes certain advantages and disadvantages of which you need to be aware.
Action Required for Buy-Sell Agreements
Insured buy-sell agreements have long been a key component for succession planning for closely held businesses. A buy-sell agreement is a legal contract that sets forth the terms for the transfer of a deceased owner’s share of the company on death.