If you run a small business that hires 1099 contractors, also known as independent contractors, it is vital that you have them sign an independent contractor contract. This is because there is a significant gray area between who is classified as an independent contractor and who is classified as an employee. Contractors vs. Employees If you’re not careful, a [...]
Do you have an issue with an employee who is claiming unemployment insurance benefits, but when you call the IDES local office, you inevitably end up stuck in the automated phone system maze? Do you just want to speak with a human who can help you with your questions? Don't worry. We have experience with the IDES, and have [...]
We attended a great event in Roscoe Village today! It was a networking lunch put on by the Roscoe Village Chamber of Commerce. It was sold out, so we were able to meet a lot of great small business owners! We always love talking with fellow small business owners – they have so much passion for what they do. [...]
An LLC (Limited Liability Company) is a business entity that shares characteristics with both partnerships and corporations. The owners of an LLC are called “members.” Like a partnership, an LLC is a flow-through entity that allows its members to enjoy pass-through income taxation. In other words, the income of the entity is regarded as the income of the members. [...]
It’s true. Lawyers have a bad reputation. They are believed to all charge exorbitant fees, billed by the hour (it sure seems to take a lot of hours), only to produce work that they assure you is stellar, but no one else can really tell because it’s written in the erudite and complex language, “legalese.” But this is not [...]