Resources
Stay in the know of company and industry updates, accomplishments and more!
Non-interest bearing parent/child loans
Question: I loaned a sizeable sum to my daughter to enable her to purchase a residence. While I expect to be repaid, there is no specific time for repayment and no interest will be paid on the loan. What are the tax consequences of this arrangement?
Phillip J. Zisook acknowledged as Top Lawyer for the Creative Arts
At the October 23, 2019 Benefit Luncheon of Lawyers for the Creative Arts held at Chicago’s Palmer House, Leading Lawyers recognized the top 5% Creative Arts lawyers in the State of Illinois.
‘Absurd’ trademark infringement claims
Four trademark infringement scenarios. Spot the real one:
Qualified business income tax deduction for an employee/contractor
Question: I am a salaried employee and I also receive self-employment income from a side business unrelated to my salaried employment. Am I entitled to a qualified business income tax deduction for my earnings?
Statements imputing gang membership not actionable as defamation per se
Recently, the Illinois Appellate Court, First District, clarified a point of defamation law which had created confusion over the years: Whether a false statement imputing an association with a criminal enterprise, such as a street gang, can support a cause of action for defamation per se (statements that are so obviously and naturally harmful on their face that they are actionable without proof of special damages).
SFBBG Attorneys Cited in the Media
Partner Adam Glazer stepped up to the plate in an August 21, 2019 Law 360 article…
Meanwhile, partner Terry Nader was quoted in Crain’s on the importance…
Protecting LLC Assets from Creditors
Question: I own an interest in a limited liability company with others through which we operate a professional service business. Our company holds a significant amount of assets largely consisting of equipment, accounts receivable and cash. How can we protect the company assets from creditors in a tax-effective manner?
Tax and Other Considerations of Life Insurance Policy Sales
Question: I own a policy of insurance on my life that I am selling to a third party at a profit. What tax consequences and other concerns do I have?
Empowered sales rep protects his contract rights; delivers strong jolt to breaching principal
William Valle’s commission lawsuit against Powertech Industrial Co. Ltd. offers a little bit of everything.
Two versions of a contract, changing commission rates, enforceability questions, and the duty of good faith and fair dealing are all raised in this dispute. (So too is the perennial employee v. independent contractor battle, but that part of their contest will be saved for another day.)
“SFBBG gains five from former Deutsch Levy & Engel” (Source: Chicago Daily Law Bulletin)
Click here for a printable PDF of Chicago Daily Law Bulletin’s article.