Category archive: Burke, Warren, MacKay & Serritella, P.C.

Let it Snow, Let it Snow, Let it Snow

A recent Illinois Appellate Court case made life a lot easier for those who love to spend their summers in Chicago but can no longer tolerate the long, cold winters and the Illinois income and inheritance tax systems. Old Man … Read more here …

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S Corporations and the Second Class of Stock Rule

Most small businesses are classified either as an S corporation or as a partnership for income tax purposes.  One disadvantage of being taxed as an S corporation as opposed to a partnership is the inability to issue multiple classes of … Read more here …

Posted in Burke, Warren, MacKay & Serritella, P.C. |

Six steps to protect against claims by employees

In today’s business world, all employers are susceptible to claims brought by their employees and former employees. Lifetime employment and job loyalty no longer exist, and family-owned businesses are not immune from lawsuits by their employees. There is never a … Read more here …

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