Chicago Accounting Articles

Business Continuation Plan in Chicago Illinois

Published July 17, 2015 Business Continuation Plan in Chicago Illinois   Installing a solid business continuation plan that will actually work and stand the test of time can be quite challenging. The biggest problem is that the laws regarding taxation … Continue reading

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Why is the Valuation of a Business Necessary in Chicago Illinois?

Updated July 21, 2015 Why is a business valuation necessary? Why is the Valuation of a Business Necessary in Chicago Illinois? A formal Business Valuation is a necessary step in providing the due diligence necessary to complete a bona fide … Continue reading

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Business Continuation Planning Chicago Illinois

Updated July 21, 2015 Business Continuation Planning Chicago Illinois   What is business continuation planning? Business continuation planning Chicago Illinois is the orderly transition of a business from one generation to the next. Why is this generally difficult? Taxes. Let’s … Continue reading

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What is a bona fide transaction in Chicago Illinois?

Updated July 21, 2015   What is a bona fide transaction in Chicago Illinois? All transactions must be arm’s length, or bona fide, in order for them to stand up to audit. By definition, all transactions between blood relatives are … Continue reading

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