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New year, new laws! In our 2026 annual legislative digest for Illinois’ small business community, we highlight six new developments in employment law. These laws make the following changes:
  • Changes to Illinois Workplace Transparency Act (IWTA)
  • New Family Neonatal Intensive Care Leave Act
  • Amendments to Illinois Human Rights Act
  • Amendments to Nursing Mothers in the

  • Whether to structure a business purchase as an asset sale or a stock sale is one of the most important decisions in an M&A transaction.
  • It’s important to consider a number of factors, including: liabilities; licenses, contracts, and relationships; tax implications; sales tax; and employee relationships.
  • The decision often comes down to:
    • Liability transfer vs.

  • Scammers often target newly registered businesses.
  • These scams often bear similarities to real communications from government agencies.
  • The best defense is to stay alert and verify that such messages are legitimate.

Top 5 LLC Scams
A lot of new businesses find themselves targeted by LLC scams. The swindlers behind these LLC scams monitor the Illinois

Small businesses with employees who clock in and out using fingerprint scans or facial recognition need to be aware of a stringent Illinois law, the Biometric Information Privacy Act (BIPA), which applies to all entities operating in Illinois. This law was relatively unnoticed when the Illinois legislature passed it in 2008. However, starting in 2019,

New year, new laws! In our 2025 annual legislative digest for Illinois’ small business community, we highlight seven new developments. Please note: This post covers only some of the new legislation taking effect this year and, while these laws certainly affect small businesses, there may be others as well. These laws make the following changes:

Confused and overwhelmed by the BOI Report? You aren’t alone. The Beneficial Ownership Information Report (BOI Report) is a newly required filing from the Financial Crimes Enforcement Network (FinCEN). In an effort to combat the use of shell and front companies for illicit financial activity, virtually all businesses in the United States now have to

  • Several laws take effect in Chicago starting on July 1st, 2024.
  • Hiring parties will be required to provide more paid leave and sick leave to their workers.
  • The city’s minimum wage in 2024 will increase.
  • The tipped minimum wage will begin to be phased out.

State and federal governments usually write laws to take effect

New Paid Leave Laws for Illinois Employees
  • Three new major paid leave laws will go into effect in Illinois in 2024.
  • The Paid Leave for All Workers Act applies to any employer with an employee in the state.
  • Cook County’s paid leave ordinance applies to any employer with an employee in Cook County.
  • Chicago’s paid

What are the new laws in Illinois for 2024?
New year, new laws! In our 2024 annual legislative digest for Illinois’ small business community, we highlight five new laws that take effect this year and one existing law getting an upgrade. Please note: This post covers only some of the new legislation taking effect this