The Corporate Transparency Act (CTA) will require most owners of LLCs or small corporations to report additional identifying information on the entity and it’s owners to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Violations of the CTA and noncompliance with reporting requirements can result in hefty penalties, so it is important […]
Eminent domain is the power of government to take private property for public use, even against the will of the owner, provided that it pays just compensation. If the government cannot reach an agreement with the owner as to a price to be paid, a lawsuit can be filed to have a jury decide on […]
As we head into the last quarter of the year, many people are thinking about making gifts and transfers to their family members and loved ones. It is important to start planning now based on the estimated decreases that are coming. Secure your family’s financial future by taking immediate action to update your estate plan, […]
Despite gloomy forecasts, we had lovely weather and a great turnout, with over 40 cars on display. Every year, 100% of show proceeds benefit a charity, and this year we raised more donations than in the history of our show! The charity chosen this year was Barrington Youth & Family Services, which provides a wide […]
Transcript: Introduction Amy Rizzo: Today we are here to discuss some recent changes in Illinois law surrounding mandated paid leave for employees. On March 13, 2023, Illinois Governor J. B. Pritzker signed the Paid Leave for All Workers Act. Question 1: What is the purpose of the Act and what does it change? Madeline F. […]
Kelleher + Holland, LLC’s corporate law team is your dedicated partner in navigating the complex landscape of business legalities and regulations. As your advocates, we seek the most economical and timely solutions to achieve results. In addition to the knowledge we have gained from operating our law firm, several of our attorneys are also CPAs, […]
Great-grandma’s favorite necklace….Grandpa’s monogrammed cuff links…your favorite family portrait. Who will inherit these treasured items after you’re gone? If you have children, chances are that your Will leaves all of your “personal effects” to your children in equal shares as they shall agree, or something along those lines. If you do not have children, perhaps […]
For many families, back-to-school time means preparing your college-bound child for life away from home. Something to consider is creating power of attorney and health care documents for them. Kelleher + Holland can help you and your family prepare the necessary documents. Did you know that once your child turns 18, access to their medical […]
Starting a business and getting married are two major life events that nobody anticipates to fail, but divorce or separation can happen to anyone, and it can threaten the survival of your business. To prevent this, it’s essential to plan ahead and take steps to protect it. If you own a business before getting married, […]
Kelleher + Holland, LLC has the resources and connections to help with life insurance planning. Life insurance is a unique asset that is usually income tax-free and asset protected at death. Quite amazingly, with proper trust planning, life insurance can be totally tax-free, meaning income tax-free and estate and transfer tax-free upon death. Unfortunately, far […]
