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Illinois Business Law and your LLC

As of July 1, 2017, Pub. Act 099-0637 became effective amending 805 ILCS 180 et seq.   What does that mean?  It means that now all LLCs are member managed unless the operating agreement specifically states otherwise.  The operating agreement must also express...

The Simple Tax Return

The illusion of the simple return, no one believes that their lives are as complicated as they are.  We received a call at the beginning of October where a potential client was looking for someone to prepare their tax return.  “Since the filing deadline on an...

The Budget

Have you used a budget for your household expenses? What about work?  Have you ever gone through the budget process for your company or department?  Yes, yes it is a fun process for one and all.   I worked for one company that had just finished their budget...

The Bank Robbery

Recently my bank was robbed. Yes, the one where I make most of my deposits.   Granted I knew there are still morons out there that think it is lucrative to rob banks, even in this day and age.  So this rocket scientist was caught within 2 hours or so of the...

The Election and the Stock Market

My middle son asked the question, “What will the stock market do after the election”?  I have to admit I do not have a clear indication what it may do.  Frankly I don’t think the markets have had a clear plan for decades for after election directions. The last one...

Passwords

Passwords have been an issue for quite a while now and the situation does not seem to be getting any easier of less complex. Initially short passwords were used and no one used any creativity, they used birthday, anniversaries or other special days.  Making them...

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