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If protecting what you have worked so hard for is important to you, then you need to incorporate your business. In today’s litigious society don’t risk losing what you have built. Read on to find out the top reasons to incorporate your business now.
When a home seller should request making the buyer’s earnest money non-refundable in a residential real estate transaction.
Real Estate License Act of 2000 is revised to require people engaging in wholesaling to have a real estate broker's license in Illinois. The definition of Broker within the act was expanded to include activities typically known as wholesaling.
Wholesaling has been a very viable and successful investment vehicle for many real estate investors. In part because no real estate license was needed in Illinois in order to get into wholesaling. It won’t be that easy any more, as a bill requiring wholesalers to have an Illinois real estate broker’s license could be signed any day now.
Is your condo board association, unit owners and property managers ready for the nuisance and second-hand smoke complaints sure to result from the new cannabis (marijuana) law that has passed in Illinois? To learn how to get ahead of the complaints and how the law works for and against condos read on…
The LLC is a flexible entity structure that provides liability protection for business owners while avoiding many of the restrictions placed upon corporations. Management of the LLC can be done in a number of ways: member-managed or manager-managed. Read on to learn more…
Lenders view loans to small businesses, particularly start-ups, as among the riskiest they make, particularly when there is little or no credit history or business revenue on which to base their decision. Lenders may require you to sign a personal guarantee. Read on to find out some ways you can lessen your personal risk.
City Council today voted to adopt a major update to the Chicago Building Code that will better align the city’s construction requirements with up-to-date model codes and national standards. The new code represents the first comprehensive revisions to the building code in 70 years and will make construction in Chicago more affordable by expanding options to design and build with a wider range of materials and technologies. Read on to find out more and its impact on you.
In Illinois, there are two kinds of LLCs: a LLC and a Series LLC. Illinois is one of the only a few states that allows Series LLCs. Read on to learn about the differences and benefits of the Series LLC.
The costs associated with selling real estate in Illinois are relatively fixed, so you can plan ahead by calculating your costs and including them in negotiations with agents and with potential buyers. Read on to learn about the most common costs associated with selling your home.
While there are transfer taxes due pretty much anywhere real estate is bought and sold, the exact amounts are specific to the property’s location. This blog post speaks about the cost of transfer taxes for selling a home in Chicago.
Security deposit law in the City of Chicago is relatively straightforward; however there are very specific requirements around how and where that security deposit is held during the lease term, and there are penalties for failure to do so. Read on to learn more about the landlords’ requirements for holding security deposits.
