Many corporations, limited liability companies, and other similar entities will soon be required to disclose their beneficial owners to the United States government.
2020 was an unprecedented year for business owners. It brought a pandemic, a deep recession, a civil rights movement, and civil unrest in cities across America.
On December 15, New York Governor Andrew Cuomo signed a bill representing the most significant change to the New York law governing Powers of Attorney (POA) in almost a decade.
Schiff Hardin LLP has received 46 top-tier rankings in the 2021 edition of U.S. News – Best Lawyers® “Best Law Firms,” nationally recognizing the firm’s premier practices.
Minority owners of a business face unique challenges. With limited or no control over the management and governance of a business, minority owners can be unfairly left in the cold or squeezed out. However, deliberate preparation and negotiation at the initial stages of the business can set up minority owners with the necessary tools to eliminate or reduce many of these difficulties and even avoid future conflict.
Schiff Hardin LLP is pleased to announce that Partner Lucy Bickford has been awarded the Diversity & Flexibility Alliance’s 2020 Flex Success® Award, recognizing her achievements and professional success while working reduced hours.
Unlike businesses with a single controlling owner or several owners, a 50/50 business by its very nature is ripe for disagreement between its owners. Owners of a 50/50 business will need to proactively consider how to handle disagreements when setting up their business venture and drafting their operating agreement, shareholders agreement, or partnership agreement.
Schiff Hardin LLP is pleased to announce that Tracy Adamovich has been listed as one of 10 winners of the City Bar Justice Center’s (CBJC) 2020 Outstanding Pro Bono Service Award.
This post explains steps that Illinois LLCs and their majority members can take to protect otherwise privileged communications from disclosure to minority members in advance of and during litigation.
Schiff Hardin LLP is pleased to announce that 59 attorneys have been listed in the 2021 edition of The Best Lawyers in America, with six attorneys also being named a “Lawyer of the Year” in their respective areas of practice and location.
Late on Friday, the IRS formalized U.S. Treasury Secretary Steven Mnuchin’s announcement earlier in the day regarding the extension of the tax filing deadline to July 15 by issuing Notice 2020-18, which contains several important clarifications.