A new business can be an exciting opportunity for a Michigan or Illinois resident to establish something of their own. Many people dream of leaving their jobs to become their own bosses, but few have the resources to make the jump into entrepreneurship. When they do,...
Business Formation
Joint venture vs. Business Merger: What you should know
Whether you have just started a new business or you are currently running a successful company, you may be looking at how you can take your venture to the next level. Both joint ventures and business mergers can help enhance the power of a company. Although these...
Business formation types that limit personal liability
When you own an Illinois or Michigan small business, you assume a certain amount of risk, but the amount of personal liability you take on will depend on the type of business structure you choose to create. At Pentiuk, Couvreur & Kobiljak, P.C., we understand that...
New year, new tax laws for businesses
Company owners and shareholders in Michigan and Illinois are often busy at the beginning of the year preparing for the year ahead. This year, they are also likely focused on navigating how the full implementation of the Tax Cuts and Jobs Act will impact them. As...
What are the pros and cons of a sub S corporation?
A sub S corporation, or subchapter S corporation, is a special type of corporation that provides the security of LLCs but allows profits and losses to flow directly through to shareholders. This means that income and losses accrued by the corporation may pass through...
Understanding LLCs
Entrepreneurs in Illinois and Michigan must choose how they would like new ventures to be managed and how they prefer their businesses to be taxed. A company may be established as a sole proprietorship, a partnership, a corporation or a limited liability company. Each...
Leadership for merger success
Businesses of varying sizes and across any industry in Chicago or Detroit may at some point entertain the idea of merging with another company. They may also eye the possibility of an outright purchase of another company in an acquisition. These transactions may be...
Business’ options under new tax law
Business owners in and around Chicago or Detroit know that they have to watch their bottom line and many things go into this. Taxes are one of the factors that can make a big difference to a company's profitability and vice versa. In light of the new tax law that went...
The basics of Sarbanes Oxley
Company executives in Michigan and Illinois who have worked for private companies but now may be looking to switch employment to a public company or who may work for a company looking to go public will quickly learn that a very different set of oversight is involved...
Evaluating corporate status and tax options
Entrepreneurs who are looking to start a new business always need to choose an operational stucture. In so doing, they also choose a corresponding tax model and when it comes to C and S corporations, the tax model can vary greatly. Many companies elect to use the S...
Call Our Offices In Wyandotte, Mi And Chicago, IL
Wyandotte Office
2915 Biddle Avenue
Edelson Building, Suite 200
Wyandotte, MI 48192
P: 734-281-7100
F: 734-281-7102
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Chicago Office
33 North LaSalle
Suite 3350
IL 60602
P: 773-435-6503
F: 773-289-0767
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