PLLCs now required. Professionals licensed by the IDFPR: there has been a major change to the LLC statute in Illinois. It likely affects you and your business. Previously, licensed professionals were able to form their businesses as LLCs. Now, these businesses must register as a Professional LLC (PLLC). This change went largely unenforced, but no longer. Attention IDFPR Licensed [...]
In the last bit of employment news last week, the BACP reminded employers of the Anti-Retaliation Ordinance. Enacted in response to the coronavirus pandemic, the Ordinance protects workers from retaliation for obeying certain health orders related to COVID-19. What Health Orders are Covered Under Chicago's Anti-Retaliation Ordinance? The Anti-Retaliation Ordinance applies to several kinds of health orders: Stay at [...]
Earlier this week, on July 1st, 2020, Chicago enacted the Chicago Fair Workweek Ordinance. Coming at the same time as an increase in the minimum wage, the Ordinance supports and enforces workers’ rights to a fair and predictable schedule. The Ordinance requires certain employers to post schedules 10 days in advance and pay employees extra for sudden schedule changes, [...]
Today, July 1st 2020, Chicago’s minimum wage goes up. The increase marks the second stage of a plan to incrementally reach $15.00/hour by 2021. The BACP published full rules on their website; here are the essential details: What is the Minimum Wage in Chicago? The minimum wage used to be $13.00 across the board. The rules taking effect today [...]
Freelancers work at the mercy of the market. If you're freelancing during COVID-19, the see-sawing economy may make you want to shelve your business for a while. But this may actually be the ideal time to officially form an LLC for your freelancing business. Seems crazy, right? But official registration confers many benefits, we think that by the end [...]
