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 [...]
Everyone knows attorneys are expensive. This fact leads many startups and small businesses to avoid retaining legal assistance until the moment they get sued. But this strategy is short-sighted – waiting to hire a startup attorney inevitably ends up costing more money in the long run. It is essential for a startup or small business to build a relationship [...]