Equifax’s major data loss in 2017, where thieves stole sensitive information of more than 145 million people, is making taxpayers, the IRS, and CPAs worry. Tax authorities fear that Equifax’s stolen information may create havoc in 2018 as crooks race to use the stolen data to falsify returns. Fraudulent tax returns are typically filed early…
On July 4, 2017, the Illinois Senate voted to override Governor Bruce Rauner’s veto and passed a $36 billion budget package. With the override, the Illinois Senate effectively passed the package which amends the Illinois Income Tax Act and the Retailers’ Occupation Tax Act, resulting in a $5 billion tax increase. Here’s what Illinois businesses…
On July 1, 2017, new employment ordinances will take effect in Cook County and Chicago creating new sick leave requirements. If your business is located in Chicago, these new requirements will apply to your employees, and they will have a virtually unrestricted right to sick leave, one hour of leave for every 40 hours worked….
After a summer hiatus, our law blog returns for an announcement about a special event to be hosted by David J. Lynam and the Entrepreneur Group of the Union League Club. Please join us for “Angel Investing, What It Is, How it Works, and Recent Trends†on November 16 at 11:30 am. This event will…
Please join us for a special luncheon on Thursday, June 2, from 11:30 AM to 1:30 PM hosted by the Union League Club Entrepreneur Group, David Lynam, Chair, where Professor Craig Wortmann of the University of Chicago’s Booth School of Business will present a workshop based on his award winning course “Entrepreneurial Selling.” In this special ULCC Entrepreneur Group workshop, Professor Wortmann will lead discussions on applying selling skills in different contexts, acquiring and keeping…
The leadership of the Union League Club Entrepreneur Group was highlighted in the Winter 2015 edition of The State of the Union, the official magazine of the Union League Club of Chicago. The Entrepreneur Group is chaired by David Lynam of Lynam & Associates, and vice-chaired by Laurel Rundle, Partner at Aha! Marketing and CEO of All…
On Tuesday, October 6, 2015, David J. Lynam of Lynam & Associates presented a lecture at an event hosted by the Kellogg School of Management at the James L. Allen Center of Northwestern University. The presentation was part of a five day intensive program for medium and small businesses sponsored by the British Government through…
4Discovery, a Chicago based electronic discovery consulting company will present “Are You Prepared for a Data Breach?” sponsored by the ULCC Entrepreneur Group and the ULCC Lawyers Group, on Wednesday, October 28, 2015, featuring a presentation on best practices for responding to a data breach. David Lynam, chair of the ULCC Entrepreneur Group, will moderate the…
Please join the Union League Club Entrepreneur Group, chaired by David Lynam, for our next monthly meeting on Monday, June 29th at 6:00 pm, featuring speaker and entrepreneur Kathryn Achenbach. “Let’s do a Kickstarter!” So said many an entrepreneur with an idea but not enough capital to support it. But what does it really mean…
On Thursday, May 28, 2015, David J. Lynam of Lynam & Associates presented a breakfast program for the Union League Club of Chicago Entrepreneur and Real Estate Groups. The program featured a presentation on Creating Private Investments Using Qualified/IRA Funds. For more information on how to unlock the power of self directed investments in real estate,…
On April 17, 2015, the Chicago Tribune featured Lynam & Associates in its online edition. The story was also covered by the Daily Herald on April 16th. The Chicago Tribune and Daily Herald articles covered our work for our non-profit client, Citizens for Conservation (“Citizens”), where, acting as lead negotiator, we secured a strategically located…
Our firm has recently updated our national survey of paid sick leave laws, and it is clear that these laws have both advanced and retreated nationwide. From 2006 to 2014, eighteen localities have passed mandatory paid sick leave laws, including San Francisco, Oakland, Seattle, Portland, Washington D.C., Philadelphia, and New York City. The three states…