A Comparison Guide Interested in starting a business but not sure where to begin? One of the first things you should consider is how you want your business to be structured. Different structures are better for different situations, so getting some basic information on the difference between business entity types is an important first step. There are a number [...]
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. [...]