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...
Business Formation
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...
Common start-up problems
For many Chicago and Detroit residents who have taken the plunge, there is no better feeling than starting a new business. As thrilling as a new start-up can be, there are often an equal amount of stressors. One of those speed bumps involves the initial stages of the...
Re-evaluating S and C corporation benefits
Like their counterparts around the nation, business owners, entreprenuers and executives in Michigan and Illinois are likely very interested to learn how the new tax plan might change some of the decisions they make about their ventures. One of these key decisions...
What is a limited partnership?
As business-minded folk in Chicago like you work toward making your entrepreneurial dreams a reality, you're likely to run into questions of whether or not to get other people involved in your plans. There are plenty of different partnerships you can look into, and...
Considerations in choosing a business model
People who are creating new businesses in Illinois must at some point make a choice about how they will structure their new company. As explained by Entrepreneur magazine, there are multiple factors that should be reviewed in order to ensure that the right selection...
Chicago’s thriving food businesses
Starting a business can be a thrilling experience, but the pursuit inevitably comes with its own set of challenges. Knowing the ins and outs of startups in Chicago can save serious time and money in the long run. But which ones are currently finding significant...
Understanding business formation: What is an L3C?
One of the most important decisions that a prospective business owner will have to make before opening their doors is selecting a legal structure for their business. In other words, a choice will need to be made as to whether the enterprise should organize as a...