Authors: John Monical and Theodore Harman Lawrence Kamin successfully defended an individual employee (“Employee”) against a $1 million arbitration by a Futures commissions merchant (“FCM”). The FCM claimed that the Employee, an employee of an introducing broker (“IB”), should be personally liable for placing losing trades in the account of the IB’s owner. Read […]
Author: Mary Miles A 529 plan is a tax advantage savings plan designed to help pay for education as governed by Section 529 of the Internal Revenue Code. Typical investors are parents who designate their children as beneficiaries of the 529 accounts. The 529 plans grow tax-deferred, and withdrawals are tax-free and penalty-free if used to […]
Author: Mary Miles Are you planning to make a financial gift to your loved ones but worried about the gift tax? Here are some tips to eliminate the gift tax. In 2023, a single individual can gift up to $17,000, while a married couple can gift up to $34,000 without incurring gift tax. And the […]
Starting a new business can be an exciting and overwhelming process. With so much to consider, it’s essential to ensure you adhere to all the legalities in starting a new business. In this article, we’ll provide six tips to help you navigate the legal requirements when starting a business. 1. Research State Requirements The first […]
Here’s a story from Joseph A. Zarlengo, Partner at Lawrence Kamin, about a savvy scammer who tried to trick him. “I was just involved in a potential scam. I received a telephone call from somebody saying they were with Comcast and they had a promotional offer for me. Essentially the offer was they would reduce […]
The Chicago Estate Planning Council (CEPC) chose Jessica Heller, Tax and Estate Paralegal at Lawrence Kamin, for the Emerging Leaders Program of 2022 – 2024. This is a prestigious program. Only those with a strong commitment to estate planning, service, discipline, and high-quality work product are considered for this program. Ted A. Koester, Partner at […]
We were recently approached by a client with the following scenario: “We have an adult family member with autism who is high functioning, but has special needs. Should we create and rely on powers of attorney or seek a limited guardianship to help protect and support this family member?” The answer to this question is […]
CHICAGO, Illinois – Lawrence Kamin, a business law firm based in the Chicago and Indiana areas, is proud to announce the promotion of Clifford (“Cliff”) Holm to the position of Partner with the firm. Lawrence Kamin’s 90-year history provides dedication to local, regional and national businesses, financial institutions, manufacturers and distributors, insurance companies, and wealthy […]
Prominent Lawrence Kamin partner and litigation attorney, Mitchell B. Goldberg, has been appointed as an Associate Judge in the Cook County Circuit Court in Chicago. Mitch was one of 44 candidates selected from 225 applicants by a nominating committee led by Chief Judge Timothy C. Evans. Each applicant was evaluated by the Chicago Bar Association […]
In its July 22, 2021 2Civility “Lawyer Spotlight,” the Illinois Supreme Court Commission on Professionalism salutes Lawrence Kamin partner Mitchell B. Goldberg for modeling the ideals of professionalism in his daily life and for his ongoing efforts to encourage a culture of civility and inclusion in the legal field.
