While estate tax isn’t necessarily the “death” of a small business, it could result in a significant burden for a handful of small businesses. The estate tax is sometimes levied on an estate upon the death of the decedent. An estate is a collection of assets and monies left behind by someone who passes away. The estate tax is decried by political opponents for causing double taxation because the assets composing the estate are post-tax dollars. Proponents of the tax argue that the estate tax … [Read more...]
Do You Have an LLC or Corporation in Illinois? You May Not Be Protected
Forming an LLC or a corporation protects members, investors, and their personal and family assets from liability for claims of… READ MORE
