VIDEOS

Time is running out for business owners to file the Beneficial Ownership Information Report with FinCEN! The deadline for filing is December 31, 2024. If you don’t file accurately by then, you can face a $500 per-day civil penalty and a possible criminal fine of up to $10,000 and/or up to two-years imprisonment! Why risk it – call Frank Portera for our flat fee filing service and avoid the worry of penalties. 847-705-7555

Non-compete and non-solicitation agreements have been utilized by business owners for decades. The practice was recently challenged by the Federal Trade Commission in an action that generated several court cases. Lavelle Law Managing Partner Ted McGinn and Associate Joshua Brill discuss the purpose of the agreements, enforceability, the recent FTC action, and the outcome of several court challenges.

The 2024 Lavelle Law Charities Food Drive is running October 1 - October 25 and supports the Schaumburg Township Food Pantry, which provides crucial assistance to over 1,100 families every month. Due to inflation and rising grocery prices, the need is greater now than ever! Please consider supporting our efforts by either donating non-perishable items at one of our collection boxes around the community or by donating monetarily via our secure payment portal. 100% of financial donations will used to stock the pantry shelves for months to come.

Owners of closely held businesses can learn about deferred compensation plans that provide opportunities to increase their tax-deferred retirement contributions. Steven A. Schoenbrun of Midwest Benefit Consultants, Ltd. discusses different plans that are IRS-approved and provide owners with the chance to increase their contributions. Attorney Kerry Lavelle adds insight into how these plans can be of benefit to owners and executives.

Have you ever wanted to start a business but are unsure how to organize it? If so, then this seminar is for you. We discuss the organizational steps you should consider when forming your new venture. Tips for selecting the appropriate form of entity are provided, including a discussion of the income tax consequences flowing from each choice. We also highlight the organizational documents needed for each entity type, with a focus on the importance of shareholder and operating agreements. Contact Ted McGinn to find out more or to set up a consultation. 847-705-7555 or tmcginn@lavellelaw.com.

There are a number of unique legal characteristics to launching and operating a dealership for automobiles or construction, landscaping, and agricultural equipment. In this video, attorney Sarah Reusché describes the Dealership Law practice group at Lavelle Law. She discusses the legal complexities of securing and starting a dealership and examines the unique operating requirements and compliance and reporting needs for dealerships and franchisees.

Lavelle Law attorney Sarah Reusché sat down with the host of the Daily Influence podcast, Greg Koleno, and shared her inspiring journey from participating in youth mission trips to becoming a dedicated legal advocate. Sarah discusses how her early experiences in mission work opened her eyes to the challenges faced by others and fueled her passion for making a positive impact. She reveals her strategies for maintaining positivity, the importance of scheduling meaningful connections, and the role of kindness and mentorship in creating supportive communities and workplaces.

Any medical service provider in Illinois, including many spas, must be physician-owned under the Corporate Practice of Medicine doctrine. In this discussion. Ted McGinn, Managing Partner at Lavelle Law, and Eso Akunne, Associate at Lavelle Law, discuss the law, fee splitting, management services organizations, and other aspects impacting the operation of any medical services facility in the state.

The wait is over! IT’S SUMMER! As we celebrate the 2024 Summer Solstice and officially usher in summer, we share some amazing places the Lavelle Law Koozie has traveled so far this year. Thanks to our adventurous family and friends who accepted the Lavelle Law Koozie Challenge! Where would you like to go? Happy Summer friends! Cheers!