Peoria, IL
Business Lawyer at Peoria, IL
Practice Areas: Business, Estate Planning, Real Estate
Reasonable Compensation Subchapter S corporations have routinely divided compensation to its shareholders into two categories: salary and dividends. The theory is simple, salary is subject to employmen...
See Full GuideAlmost every client asks when they should have their estate plan reviewed. In a previous newsletter, we advised that certain important life events usually trigger the need to review an estate plan. Rar...
See Full GuideA common question JBN attorneys receive every day is, "When should I review my estate plan?" Although there is no answer that fits every situation, there are general rules of thumb that you can ...
See Full GuideSweeping changes have been signed into law affecting the Illinois Power of Attorney Act. Governor Quinn signed into law House Bill 6477, which will be effective July 1, 2011. We have read the ne...
See Full GuideAlmost everyone will buy or sell a house at least once in their lifetime. For many, this sale or purchase will be the largest transaction in their lifetime. Surprisingly, many people do not have an att...
See Full GuideInvariably, all business owners will have clients or customers who will not pay their bills. When this happens, these businesses generally send the accounts receivable to collection attorneys. JB...
See Full GuideOne of the most overlooked parts of the estate planning process is ensuring that accounts or insurance policies have the proper beneficiary designations. A beneficiary designation means that after one'...
See Full GuideImagine this scenario--a privately held corporation has two shareholders, each 50% owners. The corporation makes approximately $4 million a year in gross revenue. One shareholder passes away unexpected...
See Full GuideEvery business, from the one-person shop to the international corporation needs to involve legal counsel at every stage of the business lifespan. The old adage is true, "an ounce of prevention is worth...
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