Articles on Business Advice and Financial Planning Section

Introduction to the Illinois Franchise Tax and Its Importance to Your Company By Jordan Goodman & Jesse Feinstein Business Advice and Financial Planning, July 2025 The Illinois Franchise Tax is an extremely complex tax that places unique burdens on corporations conducting business in Illinois. Based on our experience, many corporations incorrectly calculate their obligations, leading to the over or underpayment of their tax liabilities. Neither of these scenarios is desirable, and as such, this article is designed to familiarize you with the basics of the Franchise Tax and reveal a few common problems we at Kilpatrick have identified and resolved over the years.

Leveraging Generative AI: Transforming the Practice of Law By George Bellas Environmental and Natural Resources Law, July 2025 A general review of how legal practitioners can use these tools in their practice from a broad perspective.

Navigating the Complexities of a Business Bankruptcy By Penelope Bach Business Advice and Financial Planning, July 2025 This article explores the fiduciary duties of officers, directors, members, the rights and obligations of shareholders, and the potential for personal liability of officers, directors, and members during bankruptcy proceedings.

New Workplace Laws in 2025: What Employers Need to Know By Lindsay Dreis Business Advice and Financial Planning, July 2025 Illinois has passed several new laws and made significant amendments to its key statutes governing employment that have gone into effect as of January 1, 2025. These modifications largely provide employees with broader protections and the ability to access documents concerning their employment as well as place more transparency requirements on employers.

Innovation and Protection: Why Manufacturers Can’t Afford to Overlook IP in Annual Planning By Greg Stone Business Advice and Financial Planning, June 2025 The article urges practitioners to make intellectual property a key part of annual planning. Failing to address IP risks can lead to lost innovations, increased competitive threats, and missed revenue opportunities. By proactively protecting new developments, conducting audits, and aligning IP with business goals, practitioners can turn IP into a growth asset—not just a legal safeguard.

Leveraging Generative AI: Transforming the Practice of Law By George Bellas Business Advice and Financial Planning, June 2025 A general review of how legal practitioners can use these tools in their practice from a broad perspective.

Read the Contract Before You Sign By David C. Brezina Business Advice and Financial Planning, June 2025 A cautionary tale from four cases that remind practitioners to "read the contract."

Recent Amendments to the Illinois Biometric Information Privacy Act By Nikhil A. Mehta Business Advice and Financial Planning, June 2025 The recent amendments bring significant changes, particularly with respect to liability and consent procedures, which will impact businesses, privacy advocates, and legal professionals alike. The amendments are codified in Illinois Public Act 103-0666.

Setting Up a Human Resource Department By Alan M. Kaplan Business Advice and Financial Planning, March 2022 All companies, whether they consist of one or thousands of employees, must confront and meet the challenges of human resource and personnel matters.

Practical tips to protect your credit By Mary Stark-Hood Business Advice and Financial Planning, July 2019 Data breaches have been occurring with more frequency over the past few years, so it is important to know how to protect your credit.

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Getting to know the Business Advice and Financial Planning Section Council Members By Elizabeth A. Bleakley Business Advice and Financial Planning, December 2014 Learn more about Section members Alan M. Kaplan and Jeffrey A. Miller.

Summary of Business Advice and Financial Planning Section Council minutes Business Advice and Financial Planning, September 2000 Friday, June 23, 2000 The Abbey Resort on Lake Geneva Fontana, WI Present: G. Petersen, Chair

Taxing family matters By Malcolm L. Morris Business Advice and Financial Planning, June 2000 Representing businesses provides opportunities to encounter many different areas of law--none perhaps as challenging as tax matters.

Collegium 2000 fact pattern Business Advice and Financial Planning, February 2000 Tiger Wolf, age 51, was the golden boy of your law school class: Law Review, Order of the Coif, and a great work ethic.

Agenda item II—minutes Business Advice and Financial Planning, November 1999 I. Attendance. Attending the meeting of the Business Advice and Financial Planning Section Council at the Grand Geneva Resort & Spa in Lake Geneva, Wisconsin on Friday, June 25, 1999

Taking business interest personally By Malcolm L. Morris Business Advice and Financial Planning, November 1999 For years, paying interest was made less painful by the fact it was deductible from income for tax purposes.

Collegium news Business Advice and Financial Planning, September 1999 This year the section again successfully ran its annual collegium at two separate venues: Chicago and Springfield.

The 1999 Collegium By James M. Lestikow Business Advice and Financial Planning, April 1999 As is always the case, this year's collegium was a team effort.

Should your client consider an employee stock option plan? By James M. Lestikow Business Advice and Financial Planning, January 1999 Employee Stock Option Plans (ESOPs) may be the solution to one or more concerns of a business, such as succession planning, asset acquisition or an incentive to retain employees.

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