Eversheds Sutherland (US) LLP | USA | 27 Jul 2023
An Illinois Appellate Court affirmed a circuit court’s dismissal of a qui tam action filed against a United Kingdom-based tailoring shop. The court…
Duane Morris LLP | USA | 24 Apr 2020
The Illinois Small Business Emergency Loan Fund offers 3 percent loans of up to $50,000 for up to 60 months to businesses with fewer than 50 workers…
Baker McKenzie | USA | 13 Dec 2018
The Illinois Department of Revenue has big plans this holiday season to bring different types of unitary businesses that use different apportionment…
Akerman LLP | USA | 29 Jan 2018
Businesses were pleasantly surprised to learn that the Illinois Secretary of State reduced Limited Liability Company (“LLC”) filing fees following the…
Horwood Marcus & Berk | USA | 17 Jan 2018
Partnerships and limited liability companies ("LLCs") currently subject to the Illinois "replacement" tax received a gift this holiday season:…
Vorys Sater Seymour and Pease LLP | USA | 16 Nov 2017
One of Illinois’ main economic development incentives is back. On September 18, 2017, Illinois Governor Bruce Rauner signed into law H.B. 162, which…
Horwood Marcus & Berk | USA | 16 Mar 2017
The Illinois Income Tax Act ("Act") allows a partnership (or an LLC taxed as a partnership) to deduct from its base income: 1) any income of the…
Saul Ewing LLP | USA | 16 Aug 2016
Starting or running a company is no easy task. Successfully operating a business requires its owners and managers to successfully navigate through a…
McDermott Will & Emery | USA | 9 Feb 2016
The Illinois Appellate Court recently affirmed a finding for a plaintiff individual, upholding the circuit court’s conclusion that defendant Sears…
Horwood Marcus & Berk | USA | 21 Jan 2016
Agency: Illinois Department of Revenue Title and Ill. Adm. Code Citation of Proposed Rulemaking: Retailers' Occupation Tax, 86 Ill. Adm. Code 130.410…