The primary reason for selecting a limited liability company (LLC) structure for a business entity is to insulate the owners of the company from the liabilities of the company. With a properly organized LLC, if the LLC is sued, under most circumstances, the owners are...
Most business owners don’t think twice about meeting minutes—until a lender asks for a corporate resolution, a shareholder wants to review past decisions, or a plaintiff’s attorney starts poking around. Whether you’re a single-owner S-corp or a growing private company...
For many families, the vacation home holds an almost sacred place in the heart—where toddlers became teens, where holidays meant fireflies, fireworks or fireplaces, and where generations gathered without the distractions of daily life. But behind the memories, there's...
Planning a reduction in force is no piece of cake. Watch as we serve up practical guidance for organizations navigating layoffs with care and compliance. Transcript: Introduction Andy: Today we will be diving into a critical topic that many organizations—regardless of...
By: Jonathan Fox & Jake Parentis The term “distributor” is often used in commercial agreements, but its precise meaning can vary significantly depending on the legal and business context. Mischaracterizing a distributor relationship can have serious legal and...
Kelleher + Holland, LLC Q1 2025 Newsletter As we kick off the new year, we’re excited to share updates, insights, and resources designed to keep you informed. From key legal developments to firm milestones and upcoming events, our newsletters will highlight what’s...
As we ring in 2025, big changes are coming for Illinois employers navigating the new labor and employment laws. Start the year off right and watch as we break down the key updates that could impact your workplace in the months ahead. Transcript:...
Is it time to head south and leave the winter chill behind? It’s not just about better weather—it’s also about tax and legal benefits. Whether you’re relocating full-time or splitting your time between Illinois and a sunnier destination like Florida, Arizona, Texas,...
In 2023, employment litigation cases rose by 30% compared to the prior year. As a business owner, you might think, "It won’t happen to me." However, the reality is clear: employment-related claims, disputes, and lawsuits are increasing, and no business is entirely...
By Edwin P. Morrow III, J.D., LL.M., MBA, CFP®, CM&AA® and Andrew J. Kelleher, Jr., J.D., CPA, LL.M. When it comes to estate planning, employing a diverse array of irrevocable trusts has emerged as an indispensable strategy for individuals aiming to preserve and...
