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While a corporation may be formed at any time of the year, the election with the IRS for S-corporation tax treatment must be filed no later than 2 months and 15 days after the start of the corporation's tax year (March 15 for most businesses) in which the election is to become effective.

Yes, it is too late to make the S-corporation election for 2024. That had to be done no later than March 15. You may file now to make that election for 2025 and the deadline to do that is March 15, 2025. See Form 2553 and the related instructions to see what is required to make the election...

I don't know where you got that idea, but Illinois is still a state, like pretty much every other state, that applies the doctrine of employment at will. See the Illinois Department of Labor FAQ page, question 4, which directly states that. It's a bit different when you are a government employee...

The First Amendment only prohibits government regulation of speech. Regulation of speech by private parties is not covered. As a result, building owners may ban all canvassing on their property if they choose, including canvassing by those running for public office. Moreover, the First...

As a practical matter, you want the car, you'll need to pay the tickets. Your contract with your customer should include a provision that any costs you incur in collecting the debt get added to what the buyer owes. If you don't have that, go to a contract attorney and have a new contract...

I agree with Jack; it appears that he has transferred to you the property reserving a life estate for himself. That's another approach in estate planning that is popular some states. The life estate means he reserves for himself the right to live there, rent it out, etc., and also continues to...

I always heard the phrase as "crystal clear". This is the first time I've seen it as "clear as crystal".

The federal laws regarding employment discrimination collectively known as Title VII were amended in 1978 by the Pregnancy Discrimination Act. The Act is explained in plain language by the EEOC on its page Pregnancy and Pregnancy-Related Disability Discrimination. In short, there is an...

By the way that chart (which I've included below for clarity) is a bit misleading. It makes it appear that all trial court decisions except those from Denver probate court (and Denver County is the only county in the state that has a separate probate court) go directly to the Colorado Supreme...

Losing it's crushing dominance in the area of online ads is the case Google really doesn't want to lose. That made up about 76% of revenue last quarter. As for the Google Play, the decision today indicates how the case against Apple might go for its App store case. Google Play and Apple are the...

What kind of item is it? Is it something custom made that you would not be able to sell to someone else? What was the price of the item? Did the contract with the broker have a term that limits liability what is said in the listing? Does the contract with the broker have an arbitration...

The cat revolutionaries are getting closer to their take over. They've got us talking in cat speak now.

It would have to be a purrsonal injury cattorney.

I agree 100% with that. One thing about former President Carter that I've never doubted is that he's honest, true to his faith, and wanted to do a good job as president. I didn't agree with all his policy choices and IMO he may have actually been a little too decent a person to take on that job.

Even if he's right on that, I don't see that Trump himself or his MAGA folks on Capitol Hill have demonstrated much common sense.

I agree that Mayor Adams is (in the legal world) innocent until proven guilty. So the decision to resign is a personal one that's his choice to make. I see two main reasons why Adams may want resign. The first is to do the right thing for the city. He's not going to be able to give his total...

I see three possible avenues to get at least some compensation for this: 1. File a complaint with the Tennessee Department of Commerce and Insurance, Division of Insurance. 2. Sue the driver of the other car for cost to repair your car and the present value of the increased premiums. You'd have...

I think you know better than that. Large donors to both parties and their candidates are not giving the money out of the goodness of their heart. They are hoping their contributions will give them influence to help get government policies that favor them. For those big donors there is no...

Thank you. I appreciate the compliment. I'm glad you found the information useful.

While more of them are Democrats, no surprisingly, there are Republican mayors of large cities, perhaps more than you think. See the Ballotpedia page reporting on the party affiliation of the mayors of the 100 largests cities. Republicans holding those positions have declined this century with...