Legal Red Flags to Watch Out for in a Letter of Intent (LOI)

When buying or selling a business in St. Louis, Monroe County, St. Clair County, or Jefferson County, one of the first documents you’ll encounter is a Letter of Intent (LOI). Working with a Letter of Intent lawyer St. Louis ensures

Business Succession Life Insurance: Cross-Purchase vs. ILIT vs. Insurance-Holding LLC (Post-Connelly)

Serving Columbia, Waterloo, Monroe County, St. Clair County, and surrounding counties in Illinois; and St. Louis, St. Louis County, Jefferson County, and surrounding counties in Missouri. If your company owns life insurance to redeem a deceased owner’s shares, the insurance

Corporate Transparency Act: BOI Reporting Update for 2025

1. What Is the Corporate Transparency Act? The Corporate Transparency Act (CTA) was enacted in 2021 as part of the National Defense Authorization Act. Its primary purpose is to combat money laundering, terrorism financing, and other illicit activities by requiring

Illinois Moves to Raise Small Estate Limit to $150,000: What It Means for Families

Settling an estate after a loved one’s death can be time-consuming and costly—especially when court-supervised probate is involved. But for many Illinois families, a pending change to the law may offer a simpler and faster alternative. Under Senate Bill 83