Chicago Building Code - What to know & Where to Find it

On April 10, 2019, the Chicago City Council approved a complete overhaul of the city’s building codes to bring new development into the 21st century. Whether you are a homeowner, real estate investor, landlord, or DIY buff, you may be interested to know how the details of these regulatory updates will impact you. We’ve compiled a list of great resources to keep you informed about the Chicago Building Code updates.

What is the Difference between a Private Foundation and a Public Charity?

The IRS classifies nonprofit organizations (those that qualify for 501(c)(3) tax-exempt status) as either “public charities” or “private foundations.” Although there are a number of detailed rules that distinguish between these two types of nonprofits, the major difference comes down to how involved the public is in the funding of these organizations. Read on to find out more…

Changing Business Structure in the State of Illinois

What if the business entity you choose doesn’t end up being right for your business? What if your enterprise has evolved and now it seems a different entity structure is a better fit? Are you stuck with the choice you made when you first established your business? A new law allows entities to more easily convert from one entity type to another and to change states where the business is domesticated. Read on to find out more…

Chicago’s New Construction Code Begins Implementation

City Council today voted to adopt a major update to the Chicago Building Code that will better align the city’s construction requirements with up-to-date model codes and national standards. The new code represents the first comprehensive revisions to the building code in 70 years and will make construction in Chicago more affordable by expanding options to design and build with a wider range of materials and technologies. Read on to find out more and its impact on you.