Resources
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What You Should Know About Illinois’ New Non-Compete Law
With surprisingly little fanfare, Governor Pritzker recently signed into law amendments to the Illinois Freedom to Work Act (the “Act”), with the potential to impact all restrictive covenant agreements entered into on or after January 1, 2022.
Tax Planning for College Education
Question: What is the most tax efficient way for me to put away a large sum for my grandchildren’s college education?
When is a Sales Representative Not a Sales Representative?
Akstrom Imports Inc. raised several interesting arguments in defense of the claims brought by Minnesota sales representative Kinneberg Management Group (KMG), including that, as a Canadian distributor, it was not subject to the jurisdiction of a Minnesota federal court. Even if it was, Akstrom continued, Canadian law still controlled, not Minnesota’s pesky sales rep statute.
Revisiting Qualified Charitable Distributions After Secure Act
Question: Can I still make qualified charitable distributions from my IRA after the recent legislative changes?
Attorneys Beware: Zoom Depositions Are Likely Inadmissible
You get a notice of deposition via email. The notice provides that the deposition will be taken remotely through a Zoom videoconference.
The day of the deposition arrives and as your witness is testifying, you notice the red blinking light in the upper left corner of the screen designating that the deposition is being recorded.
Utilizing the Potentially Disappearing 2021 Estate Tax Exemption
Question: Given the possibility that the Federal estate tax exemption will decrease, should I make gifts now before the law changes?
Protecting Business Assets From Creditors Without Undue Tax Costs
Question: My company sponsors a 401(k) plan to which many of our highly paid employees are unable to contribute as much as they would like. What alternatives are available to avoid or minimize this problem?
M&A Transactions Involving PPP Loans: A Path Forward
Paycheck Protection Program loans, commonly referred to as PPP loans, have been a godsend for millions of small businesses and their employees. As originally envisioned, the purpose of the PPP loans was to provide low interest, forgivable loans to small businesses that have been adversely affected by the Covid-19 Pandemic to cover payroll and other expenses including interest, rent and utilities.
Overcoming 401(k) Plan Nondiscrimination Rules
Question: My company sponsors a 401(k) plan to which many of our highly paid employees are unable to contribute as much as they would like. What alternatives are available to avoid or minimize this problem?
Can Employers Require Workers to Get the COVID-19 Vaccine as a Condition of Employment?
Those who remain skeptical about the COVID-19 vaccine or are refusing to get inoculated against the virus will soon discover that, in most cases, their employer can require vaccination as a condition of continued employment.