Law Blog
Business Scam Protections
No business is safe from an array of business scams including phishing, email compromises, vendor or customer impersonations, and misdirection of payments. Email is the most frequent method used and employees are often the weak link in your protection. Knowledge,...
July Business Bytes
This month’s Business Bytes highlights elder care, premarital agreements, and loan assumptions. Elder Care. As parents and loved one’s age, they may need financial and other assistance even if they deny or reject it. They may also become more susceptible to...
Careful Gifting
As your need for income decreases, you may consider sharing some of your wealth by gifting or donating to family or charities to reduce your estate on death or minimize taxes. If Medicaid may be in your future, their look back provisions for transfers for less than...
Asset Protection for Small Business Owners
If you own or operate a business, a constant concern is insulating your personal and family assets from claims and liabilities that may arise from your business. While it is not always possible to create a complete barrier to keep business creditors from seizing your...
June Business Bytes
This month’s Business Bytes highlights the Corporate Transparency Act, employee checklists, and affluenza. Corporate Transparency Act. Almost all small and medium size businesses (revenue under $5,000.00 and under 20 employees) and their owners (25% or more)...
Illinois Secure Choice Program
The deadline for all Illinois employers with 5 or more employees to offer their own retirement program or facilitate their employees’ participation in the Illinois Secure Choice Program operated by the Illinois State Treasurer as an Auto-IRA passed in November 2023....
Brooks, Tarulis & Tibble Sponsors Winfield School District’s Tiger Run
Brooks, Tarulis & Tibble, LLC was again a Golden Sponsor of Winfield Illinois School District 34 Educational Foundation’s Tiger Run to raise funds for the school’s extracurricular activities.
Eric Speaks at National Business Institute
Eric Wilen was recently asked at the last minute to fill-in for two absent presenters at the National Business Institute’s all-day webinar on Trusts in Illinois From A to Z. Eric presented on the topic of Grantor Trusts highlighting his expertise in federal tax issues...
Your Business Name
While most states require you use the complete legal name of your business when conducting official business, including a designation of your business’ entity type, such as Inc., Ltd., P.C., LLC, NFP, and the like, the full legal name is often cumbersome and less...
May Business Bytes
This month’s Business Bytes highlights independent contractors, posting pictures, and home remodeling. Independent Contractors. The gig economy has upended the concepts that are used to determine if one is an employee or an independent contractor, and...
