Digital Currency Regulatory Guidance

Below is a link regarding digital currency (Bitcoin) on which we commented for the Illinois Department of Financial and Professional Regulation (IDFPR): (click to view full PDF)
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Philip Fornaro Radio Interview With AM 560 The Answer

I love to talk about La Grange and the business association. I am so glad Nancy Cummings and Ripson Communications and WIND allowed me to talk about La Grange. Thank you Bruce Wolf and Amy Jacobson. – Philip Fornaro
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Tenants by the Entirety

IF YOU ARE MARRIED AND YOU OWN A HOME, ARE YOU SURE YOU HAVE DONE EVERYTHING YOU CAN TO PROTECT THE HOME FROM POTENTIAL CREDITORS CREDITOR’S BEWARE.  Since 1994, the principal residence of a married couple (“Property”) is typically protected from the reach of creditors if the couple holds title to the Property as Tenants…
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Loss Mitigation Options in Foreclosure

HOMEOWNERS WHICH ARE IN FINANCIAL STRESS NEED TO SELECT A LOSS MITIGATION OPTION Homeowners in the foreclosure process do not need to lose hope and please do not ask your uncle what to do, unless of course he is an attorney that works with distressed homeowners.  The very worst thing you can do is to…
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Illinois Tax Tribunal

FINALLY SOME HOPE FOR SMALL BUSINESSES THAT HAVE ISSUES WITH THE ILLINOIS DEPARTMENT OF REVENUE If you have a small business and you are having tax troubles with the Illinois Department of Revenue, there is still hope.  For that matter, if you are an accountant or tax advisor that have client’s that have these issues,…
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Certificate of Discharge of Property from Federal Tax Lien

DON’T LET A FEDERAL TAX LIEN RUIN YOUR DAY.  YOU MAY STILL BE ABLE TO SELL YOUR HOME ON A SHORT SALE Did you know that even if you have a Federal Tax Lien and you owe more than your house is worth, you still may be able to proceed with the short sale of…
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Marketing Dollars

WHY EAT, WHEN YOU COULD BE SPENDING TIME AND MONEY MARKETING YOUR BUSINESS. Prioritize marketing at the top of your list It is hard to understand in this world of constant advertisement and social media that small business owners fail to make marketing the top priority each and every day. Why do the big companies…
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Want to be a Great Networker? Have a Coffee

Do you characterize yourself as a poor or excellent networker?  No matter how you rank in the networking world, there are simple things that you can do to improve your networking skills. For the first 11 years of my legal career, I did not drink coffee. Surprisingly, the best thing that I ever did for…
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Email and the Electronic Age

SHALL I FINISH MY BINGE WATCHING OF GAME OF THRONES OR SHOULD I RETURN MY CLIENT’S EMAIL AT MIDNIGHT? Has the electronic world made client’s expectations too high?  Are your clients expecting immediate gratification and response time? Did you ever receive an email from your client at midnight or on a weekend? It was not…
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