- Have any questions?
- (630) 469-7100
December 28, 2016
New Illinois Laws for 2017 The following are some of the new laws passed by the Illinois legislation and signed into law for 2017. HB 5913 – Requires licensed plumbers to complete 4 hours of continuing education each year HB 4562 – Amends the Illinois Human Rights Act to increase […]
February 10, 2014
What is a “professional corporation”? In our last post, we discussed the importance of the corporate shield or veil, and how it can limit the liability for shareholders, officers, and directors. There are some instances, however, where those individuals will have personal liability no matter whether they are incorporated or […]
February 10, 2014
What is the “corporate shield” or “corporate veil”? The “corporate shield” or “corporate veil” is the idea that the shareholders, officers, and directors of a corporation will not be held personally liable for the actions of the corporation. It is also available to some other types of entities, such as […]
November 4, 2013
What is a “corporation”? A corporation is a legal entity that can own property, enter into contracts, employ people, and otherwise transact business. In Illinois, the rules that govern corporations are found in the Business Corporations Act. The Secretary of State authorizes the corporation to exist by approving the articles […]