Family Medical Leave Act

he federal Family and Medical Leave Act of 1993 (hereinafter “FMLA”)(29 U.S.C. §2601, et seq.) applies to employers that employ fifty (50) or more employees for twenty (20) or more calendar workweeks in the current or preceding calendar year.

Letter of Intent for Commercial Real Estate Sales

A letter of intent for the purchase/sale of a commercial real estate parcel (“LOI”) is a very important part of the contract negotiation process and must be handled properly.

Illinois Supreme Court Extends Factors to Consider when Determining Enforceability of Restrictive Covenants

On December 2, 2011, the Illinois Supreme Court ruled in an unanimous decision in Reliable Fire Equipment Company v. Arnold Arredono (2011 IL 111871) that there are additional factors that courts should consider when determining the protectability of a legitimate business interest..

What Happens when a Fiduciary is the Benefactor of a transfer made by the Principal?

Unfortunately, there is no simple answer to that question as Illinois Appellate Court Districts have taken vastly different approaches to making a decision. There are two general theories.

Civil Union Partners Permitted to Jointly FIle 2011 Illinois State Income Taxes

The Illinois Department of Revenue issued a statement that Illinois couples who entered into civil unions under 750 ILCS 75/1 et seq. will be able to jointly file their 2011 state income tax returns.

Tax Implications of converting from a C-Corporation to an S-Corporation

When converting a C-Corporation to an S-Corporation there are many issues that must be accounted for and taken into consideration prior to making the election.

Oral Lifetime Employment Contracts

Under Illinois law, “no action shall be brought … upon any agreement that is not to be performed within the space of one year from the making thereof, unless … in writing and signed by the party charged.” 740 ILCS 80/1

Current Estate Taxes

The Tax Relief, Unemployment Insurance, Reauthorization, and Jobs Creation Act of 2010 was passed by the United States Congress on December 16, 2010 and was signed into law by President Obama on December 17, 2010.