The Business Lounge Podcast

A parenting coordinator is a trained individual who assists parents in making parenting decisions for the child’s best interest in situations where the parents cannot get along. It is sometimes difficult for parents to separate the issue of past hurt with an ex-partner from the underlying legitimate parenting issue. Read the full article here: https://www.oflaherty-law.com/learn-about-law/parentin...

The COVID-19 pandemic has been an economic disaster for many families and businesses. The U.S. Treasury Department, the Bureau of Fiscal Service and the Internal Revenue Service have issued several rounds of economic relief payments to those that qualify. Read the full article here: https://www.oflaherty-law.com/learn-about-law/u-s-economic-impact-payments O’Flaherty Law now serves over 105 counti...

Company brokers or brokerage companies that sell businesses may or may not be involved in the advertising and negotiation of the company's sale. In other words, a business owner selling a business does not have to hire a business broker because they can market and negotiate the deal on their own, with the help of their team of professionals. Read the full article here: https://www.oflaherty-law.co...

Of course, there's no way to tell for sure whether or when you'll need nursing home treatment, so giving presents to your loved ones ahead of time protects the money from creditors looking to recover after your death. Read the full article here: https://www.oflaherty-law.com/learn-about-law/a-6-step-checklist-for-protecting-your-assets-from-medicaid O’Flaherty Law now serves over 105 counties acro...

Occasionally, there may be circumstances under which a parent finds that it is within the best interest of their child or children that they terminate their parental rights. Read the full article here: https://www.oflaherty-law.com/learn-about-law/termination-of-parental-rights-in-wisconsin This may happen because one parent does not want to be involved, cannot be involved or does not feel like th...

New businesses have enough to worry about, what with needing to secure financing, working space, hiring employees, developing systems, etc, and on top of all that trying to keep track of which documents can be deleted or shredded and which must be kept for what amount of time. It’s no wonder document management and digital storage companies have flourished over the last 10 to 20 years. Read the fu...

Next to working out parental responsibility, division of marital property is easily the most stressful and complex aspect of the divorce process. Read the full article here: https://www.oflaherty-law.com/learn-about-law/how-is-division-of-property-determined-in-an-illinois-divorce Couples often don’t understand what constitutes marital versus non-marital property and how many factors go into calcu...

The Iowa Uniform Trade Secrets Act was created from the uniform trade secrets act drafted and approved by the Uniform Law Commission. This means that most, if not all, of the other states in the U.S. will have the same or similar general law regarding trade secrets. Read the full article here: https://www.oflaherty-law.com/learn-about-law/iowa-trade-secret-violations-under-iowas-uniform-trade-secr...

Congratulations on your marriage to a foreign national! You have applied and received permanent resident for them to join you in the United States. However, the residency card that you received was only valid for a period of two (2) years. What gives? Read the full article here: https://www.oflaherty-law.com/learn-about-law/removing-conditions-on-conditional-permanent-resident-cards O’Flaherty Law...

Sometimes also called a pretrial conference, or a settlement conference, pretrial hearings can be used to finish up divorce for parties in agreement or push the case toward settlement and /or prepare parties for an upcoming divorce trial. Read the full article here: https://www.oflaherty-law.com/learn-about-law/pretrial-hearings-in-wisconsin-divorce-cases O’Flaherty Law now serves over 105 countie...

Making the right choice for your business when you are considering what legal entity to use is one of the first and most important decisions you will need to make when starting out. If you do not have a background in legal matters or are branching out into real estate for the first time, you may find the choice daunting. Read the full article here: https://www.oflaherty-law.com/learn-about-law/can...

Designating a power of attorney for health care is an important part of #estateplanning. It is important to appoint someone trustworthy to see to medical issues if someone is no longer able to make those decisions on their own. Read the full article here: https://www.oflaherty-law.com/learn-about-law/assigning-a-poa-in-iowa-healthcare-power-of-attorney The person who creates a durable power of att...

Prospective adoptive parents may want to adopt a child before the biological parent’s parental rights are terminated. In Iowa, this is almost always impossible. The parental rights of both parents will need to be terminated prior to filing a petition for adoption. This article will talk about: Read the full article here: https://www.oflaherty-law.com/learn-about-law/iowa-child-adoptions O’Flaherty...

A Legal Permanent Resident (LPR) can choose to not naturalize once their green card expires. This generally happens at the end of the green cards 10-year period, with the exception of conditional permanent residents who need to apply for the removal of their conditions 90 days (about 3 months) before their second year expires since these documents are issued for only 2 years. An LPR can apply for...

Wisconsin takes father’s rights very seriously. The legislature has enacted a series of laws which are designed to protect a father’s rights to the minor child. Read the full article here: https://www.oflaherty-law.com/areas-of-law/child-custody-and-parenting-rights-of-unmarried-fathers-in-wisconsin O’Flaherty Law now serves over 105 counties across Illinois, Iowa, and Indiana. If you have any que...

A revocable living trust is a legal entity that holds a trustmaker's property and avoids the need for probate when the trustmaker—also known as the grantor—dies. Since a deceased person cannot own land, probate is required to transfer properties from the decedent's possession to the names of living beneficiaries after his or her death. Read the full article here: https://www.oflaherty-law.com/lear...

Making a will gives you power over who receives the property you own at the time of your death. Clothing, jewelry, ornaments, automobiles, recreational vehicles, bank accounts, savings, and real estate are examples of such property. You may also leave specific items or organizations to specific individuals or organizations in your will.   Read the full article here: https://www.oflaherty-law.com/l...

Illinois is a franchise registration state. Before offering or selling a franchise in Illinois, you must first file your franchise disclosure document (FDD) with the Illinois Attorney General's Franchise Bureau. The Franchise Bureau is responsible for overseeing the FDD registration process as well as enforcing Illinois franchise laws. Read the full article here: https://www.oflaherty-law.com/lear...

Sometimes, neither parent is capable of caring for a child. This situation may have arisen as a result of death, injury, or some other circumstance. In these situations, creating a guardianship might be the best option. In the other hand, the child could be temporarily residing with a parent or acquaintance. Read the full article here: https://www.oflaherty-law.com/learn-about-law/iowa-guardianshi...

There are court forms available on the Iowa Courts website for those getting a pro se divorce, a divorce without the assistance of an attorney. The Iowa courts provide separate forms for pro se divorces with children and those without children. Read the full article here: https://www.oflaherty-law.com/learn-about-law/differences-between-pro-se-divorce-with-children-and-without-children-in-iowa O’F...

Child custody is often the most contentious part of a divorce. Understanding the court’s decision-making process while keeping abreast of any changes in Illinois child custody law is critical in pursuing your rights as a parent. Working with a qualified Illinois child custody attorney can make the difference. Read the full article here: https://www.oflaherty-law.com/learn-about-law/recent-changes-...

Driving while distracted is extremely dangerous, and can cause accidents that can leave others hurt or even killed. Best case scenario, you can end up with a moving violation that will show up on your driving record. Worst case scenario, you hurt yourself or someone else. Read the full article here: https://www.oflaherty-law.com/learn-about-law/distracted-driving-laws-in-illinois That is why respo...

Although Iowa does not collect estate taxes on a decedent’s estate, Iowa is one of only seven states that has an inheritance tax. However, there are several exemptions or differences based on how closely you were related to the decedent. Read the full article here: https://www.oflaherty-law.com/learn-about-law/how-to-avoid-inheritance-tax-in-iowa O’Flaherty Law now serves over 105 counties across...

In 2020, Magnitech was ranked #48 on the Channel Futures MSP 501. Also in 2020, Tim was awarded with the "Four Under 40" award by the Naperville Area Chamber of Commerce. When he founded Magnitech in 2010, to quote one of his early business coaches, "he was just a kid with a computer." Although he already considered himself a good technician, he had no idea how to run a business. He had to learn t...

This video will explain what is parallel parenting, the goals of parallel parenting, and how it differs from co-parenting to help parents understand whether parallel parenting might the right option for their family. Read the full article here: https://www.oflaherty-law.com/learn-about-law/parallel-parenting O’Flaherty Law now serves over 105 counties across Illinois, Iowa, and Indiana. If you hav...