Become an Illinois Bar Foundation ChampionBy Jessica R. DurkinJune 2025At least twice a year at ISBA Annual and Midyear Meetings, we are pitched by colleagues and the Illinois Bar Foundation to become a “Champion.” But what is a Champion really, and what’s in it for us?
Innovation and Protection: Why Manufacturers Can’t Afford to Overlook IP in Annual PlanningBy Greg StoneJune 2025The 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.
Introduction to the Illinois Franchise Tax and Its Importance to Your CompanyBy Jordan Goodman & Jesse FeinsteinJuly 2025The 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.
LAWPAC Needs You!June 2025The Illinois Lawyers’ Political Action Committee (LAWPAC) needs your help to fulfill its mission to support the legislative goals of the ISBA and Illinois’ legal community.
Navigating the Complexities of a Business BankruptcyBy Penelope BachJuly 2025This 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 KnowBy Lindsay DreisJuly 2025Illinois 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.
Read the Contract Before You SignBy David C. BrezinaJune 2025A cautionary tale from four cases that remind practitioners to "read the contract."
Recent Amendments to the Illinois Biometric Information Privacy ActBy Nikhil A. MehtaJune 2025The 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.
Update on Status of Corporate Transparency ActBy Craig R. HedinJuly 2025On March 21, 2025, FinCEN issued an interim final rule that removes U.S. entities from the definition of “reporting company” and added a new exemption to expressly exempt U.S. entities from the reporting requirements of the CTA.
