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Step into the Sunshine: Prepare for the Corporate Transparency Act

Business Law

Real estate attorneys from WilliamsMcCarthy LLP specialize in providing protection and guidance for both buyers and sellers. Our team of attorneys help ensure that all parties involved are safeguarded during the transaction and expedite the process to meet your desired timeline.

Selling? Gauge Your Readiness

A gauge marking time to sell

Exiting a business, whether the sale is to a family member or to a third party, is a tough decision to make. Guage your readiness.

Planned Giving – Advice for Fundraisers

This article initially ran in the February 2020 issue of the Rockford Chamber VOICE. For many donors, charitable giving is a way of life. A variety of charitable groups, including social service organizations, colleges and universities, and faith-based bodies rely on the support of donors to further their missions. Competition for charitable dollars is increasing […]

Post-Closing Issue? Don’t Count on the Merger Doctrine to Save You

Home with a fore sale sign

[vc_row][vc_column width=”5/6″][vc_column_text] The following article originally appeared in the November 2018 edition of the Illinois State Bar Association’s Real Estate Section Council Newsletter. Consider the following scenario: You are wrapping up the final touches on a client transaction binder following the successful closing of the sale of their real estate when you receive a call […]

Using the Holidays as a Springboard to Discuss Family Health History

[vc_row][vc_column width=”5/6″][vc_column_text] If you’re like most of us at WilliamsMcCarthy LLP, you will be spending more time with relatives this holiday season. This time together with family is a great opportunity to talk about family health history. Understanding health problems that may run in your family provides you and your loved ones with the invaluable […]

In the Spotlight with Daniel Huntley

Daniel A. Huntley

When choosing a lawyer, it’s important to know not only their credentials, but also why they do what they do. You can read our attorney bios on our website. However, we thought we’d dig a little deeper to find out what makes them tick. Why did they choose their practice areas? When was the moment when […]

Real Property Disclosure Reports: Avoiding Unnecessary Legal Risks

[vc_row][vc_column width=”5/6″][vc_column_text] When selling residential property, a distinctive part of the process is completing the Real Property Disclosure Report, which in most cases, is required pursuant to Illinois statute. A Real Property Disclosure Report is a report created by the seller of residential real estate disclosing any issues with the property of which the seller […]

Tips For Buying and Selling a Home

[vc_row][vc_column width=”5/6″][vc_column_text]Buying or selling a home is the one of the largest transactions that the average American will undertake. In the Rock River Valley, it is often possible, though not recommended, to conduct a home transaction without the assistance of legal counsel. Real Estate lawyers can add value even in a transaction that seems simple […]

Planning for Legal Incapacity After an Alzheimer’s Diagnosis

[vc_row][vc_column width=”5/6″][vc_column_text]Unlike most cancers or AIDS, which are mainly physical afflictions, the symptoms and effects of Alzheimer’s disease strike at the heart of who we are as a person and have profound effects on our abilities to enter into legally valid arrangements. Given the effects of Alzheimer’s, great emphasis should be placed on the dignity […]

Millennials: Planning for the Worst, While Expecting the Best

[vc_row][vc_column width=”5/6″][vc_column_text]Every year at the holidays, families gather around the table for re-connecting and renewing familial bonds. It isn’t long before Grandma wants to know why her grandson, Kevin, hasn’t “settled down” with that nice gal that he’s been seeing for close to two years now, and recounting the story of how she met Grandpa […]

S-Corporation Tax Status: Benefits with a Burden

[vc_row][vc_column width=”5/6″][vc_column_text]S Corporation elections can be extremely beneficial to entrepreneurs. Although, like many business decisions that potentially benefit a corporation, S Corporation elections come with their share of compliance burdens and restrictions on corporate entities. The election to be governed under Subchapter “S” of the Internal Revenue Code (IRC) is made by filing a Form […]

Whose Idea Is It Anyway? Protecting Start-Up IP

[vc_row][vc_column width=”5/6″][vc_column_text]Starting a new business is a tricky path dotted with hidden pitfalls. Starting a new business based on intellectual property is even trickier. Without the right IP protections, a start-up business can find itself without ownership of the very assets necessary to create value for the business. Many start-up businesses operate by the cash […]

Finding Capital in the Crowd

[vc_row][vc_column width=”5/6″][vc_column_text]In today’s world, technology often innovates faster than lawmakers can legislate. Fast internet speeds, increased mobile internet access, and the popularity of crowd-connectivity websites have created new opportunities for entrepreneurs to raise funds and capital for their business ventures via crowdfunding. Crowdfunding is the use of a website or other online platform to raise […]

Illinois Appellate Court Upholds Stance on Exclusive “Termination By Mutual Agreement” Provision as Against Public Policy

[vc_row][vc_column width=”5/6″][vc_column_text]Anyone who has ever read a contract has likely encountered a provision stating something to the effect of “this Agreement may be terminated upon mutual agreement of the parties.” Businesses often find this provision in merger transactions, asset purchase agreements or in confidentiality agreements. In every-day life, consumers encounter them in contracts for the […]