The Virtual Attorney Blog

The Tax Cuts and Jobs Act, otherwise known as the tax reform bill includes some provisions which should prove beneficial to pass-through business owners. For those unfamiliar with the concept of pass-through businesses, they are the most common form of business ownership in the United States, particularly when it comes to small businesses. Pass-through entities include limited liability companies, partnerships, S corporations and sole proprietorships. The good news for small business owners with pass-through structured businesses is that beginning in 2019 (for...

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children smiling

It is something every parent thinks about—what will happen to my kids if I die? It’s, understandably not one of the most pleasant things to think about, but having a contingency plan in place in the event something happens can be essential to having piece of mind about a child’s future should something unforeseen happen.

An individual responsible for the care of a child is called a guardian. Sometimes that roll can...

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In the words of Benjamin Franklin, "an ounce of prevention is worth a pound of cure."  Few places is that more evident than in the field of law, where taking proper measures to protect one's interests preeminently can ward off potentially messy situations down the road. Specifically, businesses that spend the time and resources to properly protect their interests before problems arise can limit their exposure to liabilities and lawsuits in the future. For that reason, it's important for every business owner to assess his or her exposure to legal risk from time to time and address any...

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There are endless reasons not to start a law firm. Think about it.

After all, you have no experience, no paying clients, stiff competition from alternative legal service providers with massive marketing budgets and worst of all, a very real fear that people may actually know that you feel like you don't have the slightest clue what you are doing.

Most people would be hard-pressed to name another profession where an...

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Michael Brennan


Technological evolution can be hard to keep up with, especially lawyers accustomed to a more traditional way of doing business. Terms like “the cloud,” “SaaS,” and “virtualization” may seem more compatible with the language in which computer engineers speak, but as a lawyer, incorporating them into your practice enables you to build a practice that is responsive to evolving client demographics. Attorneys can increase efficiency, accessibility and convenience by seeking to understand those technological concepts, assessing their usefulness and weighing...

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Hiring your first employee is an exiting time for any growing small business. But, it's not as simple as just writing a paycheck to your new worker. Failure to comply with the law can have some serious consequences when it comes to labor and employment, so knowing what you're getting yourself into upfront is essential. Here are 8 standard steps that you’ll want to take before hiring your first employee in Illinois.

Step 1. Obtain an Employer Identification Number (EIN)

Before hiring your first employee, you need to get an employment identification number (...

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