By Michael Lucci
05/26/2015
Illinois can pay for cutting LLC fees by enacting workers’ compensation reform.
By Matt Paprocki
03/27/2015
By Michael Lucci
04/07/2014
The Illinois Senate passed Senate Bill 2776 to lower the cost to create a Limited Liability Company to $39 from $500. This piece of legislation, which rightfully received bipartisan support, will take effect immediately upon receiving Gov. Pat Quinn’s signature. LLC fees are unnecessary and harm low-income entrepreneurs. In fact, LLC fees function like a...
By illinoispolicy
03/20/2014
Myth #1: “The ‘fair tax’ will only affect the rich.” Don’t be fooled. The ‘fair tax’ is being sold as a tax on the rich. But under the proposal from state Rep Naomi Jakobsson, D-Urbana, the lawmaker who is sponsoring the bill to put a so-called “fair tax,” or progressive tax, amendment on the...
TAGS: fair tax, graduated income tax, income tax, progressive income tax
By Michael Lucci
01/29/2014
The structure of a limited liability company, or LLC, offers great advantages for small businesses, such as allowing start-ups and small businesses to avoid the extra tax burdens of corporations. At the same time, the LLC structure protects the owners from the excessive liability of sole proprietorships and partnerships. In Illinois, the LLC is burdened...
TAGS: jobs, LLC fees
By Justin Hegy
09/18/2013
Illinois and Chicago are riddled with many regulations, laws and licensing requirements that are unnecessary and anti-growth in nature. Politicians often claim to pass these laws in pursuit of a favorable business climate; but the result is often the opposite. Illinois’ economy is struggling. The state has the second-highest unemployment rate in the nation at 9.2...
If you want to start a small business in Illinois, there are different forms your new business can take. For example, you can have a sole proprietorship, a partnership, a corporation or a limited liability company, or LLC. The LLC is a relatively recent innovation that has advantages over the corporate form, and it can...
By Chris Andriesen
06/30/2010
The Problem Every day, businesses from across Illinois compete in the marketplace. They work to make their products better, their costs more competitive, and they invest in employee training to boost productivity. Some companies, however, receive help from the state to foot their training costs. How? Through the Employer Training and Investment Program (ETIP). According...
