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This time of year is a good time to talk about one of the basic differences between a corporation and an LLC – pass through taxation. Pass through taxation means that the IRS ignores a business entity when collecting taxes and instead takes full payment from the owners on all the business’s income. Pass through taxes can give owners a big surprise on their 1040s at the end of the year, but is still often preferable to the double taxes paid by corporations.
Continue readingSchneider and Stone is a Skokie, Illinois law firm, with attorneys committed to helping you walk away from our office better off than when you came in. We pride ourselves on helping you understand how the legal system works so that you can make smart decisions to achieve your goals. We believe in taking the time to let each person tell us their idea of success and then talk about how we can help them move toward that success.
Every client is important and unique to us. In order to ensure the quality of your representation we guarantee that a lawyer will handle your case and be involved in addressing your concerns every step of the way.
Clients of Schneider & Stone come because they want someone to spend time helping them understand their legal issues. Those clients stay because our attorneys offer the advice that can make great ideas into realities, can help keep families together, and can fight off adversity to save people's homes from foreclosure, their businesses from lawsuits, and sometimes their life savings with bankruptcy protection. We are Skokie attorneys committed to providing sound legal advice.
While we are located in Skokie, Illinois, we service all of Chicago and the Chicagoland suburbs. Our attorney regularly appear in Will Couny, Lake County, DuPage County, Kane County, Kendall County and of course, Cook County courthouses downtown as well as in the Rolling Meadows and Skokie courthouses. We even work with international clients for legal counsel.
We can help. We can work with you. We can help you find answers. Contact us today for a free consultation with a qualified attorney. Our lawyers will be happy to speak with you by telephone, or meet with you in person at our Skokie, Illinois law offices.
