As a business grows, its ownership structure may change and an owner may need to be removed. Removing an owner of a limited liability company (also known as a member) may become necessary if a member retires, dies, changes career, commits a breach of conduct, or has a dispute with other LLC members. When members […]
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Many business partnerships eventually come to an end. Like other types of relationships, when business partners decide to split up, the process can be amicable or contentious. For personal and professional reasons, dissolving the partnership on good terms is in the best interest of all partners. A smooth split will prevent unnecessary conflict and legal
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With the country emerging from pandemic lockdowns and economic activity beginning to expand, small business owners are optimistic about the future. Supporting local businesses can help them grow and thrive in a post-pandemic economy. But what if you could help a business while also helping yourself? Investing in a small business can be a great
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Knowing what steps to take with your estate planning is important. Click here to learn more.
What You Need to Know About Estate Planning Read More »
On Dec. 22, 2017, the Tax Cuts and Jobs Act (the Act) was signed into law. It is the most sweeping federal tax legislation in decades and significantly changes the landscape of individual, corporate, partnership, international, and trust and estate taxation. In general, the changes made by the Act took effect as of Jan. 1,
With New Tax Changes, Time to Revisit Your Estate Plan. Read More »
Most people think of estate planning as something that, once done and in place, never has to be thought about again. That is far from the truth. Estate plans should be modified to reflect changes in financial and familial circumstances, for example when clients receive an inheritance, have children, or get married or divorced. Estate
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Starting a new business can seem overwhelming – especially when you’re doing it alone. Creating a business plan will allow you to refine incomplete ideas, address areas you may have not yet considered, create a map so you know what to do next, and increase credibility for bank loans or investor funding. While you may think
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There are many reasons business owners close up shop, including retirement, starting a new venture or, hopefully, because they’ve won the lottery. No matter what the reason, it’s important to diligently wind down a business before moving on. Here are five steps to take: Reach consensus.If you’re a sole proprietor, then the only consensus you need
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LEADING HUMAN CAPITAL SERVICES LAW CONSULTANT JOINS CRANE LAW GROUP TO HEAD CONSULTING ARM, CRANE SOLUTIONS CHICAGO, June 12, 2018: Crane Law Group is welcoming Michael Janniere as a Principal Consultant and he will lead the consulting arm of the firm, Crane Solutions. He will be based in the Chicago office. Michael has been recognized
Former Senior Human Resources Executive to Lead Crane Solutions Read More »
Chicago, Illinois (November 21, 2016) — The firm invited The Honorable José Ramón Cabañas, the first Cuban ambassador to the United States in more than 50 years, to a visit to Chicago to meet with the Chicago business community and city officials and a private dinner meeting. Pictured: (L to R), Linda R. Crane, Ambassador of the
Crane Law Group hosts Cuba’s Ambassador to U.S. visit to Chicago Read More »