Insights
FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Companies and Will Delete Previously Filed Data
On August 11, 2026, the Financial Crimes Enforcement Network (FinCEN) issued a final rule permanently eliminating the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). The rule is effective upon publication in the Federal Register, which will likely happen sometime next week. The text […]
Illinois Decouples from Federal QSBS Exclusion and Further Limits Corporate NOL Deductions
Decoupling of Code Section 1202
Midyear Overview of the Labor Department’s & EEOC’s Shifting Focus: What Employers Need to Know About Evolving Discrimination Enforcement
The Equal Employment Opportunity Commission has sharply pivoted its enforcement priorities, training its sights on corporate diversity, equity, and inclusion (DEI) programs, which—in the agency’s view—embed unlawful race- or sex-based preferences in hiring and promotion. For employers, the message is clear: now is the time to reassess such programs.
House-Passed 21st Century ROAD to Housing Act: What Real Estate Professionals Should Know
If it hasn’t already, the 21st Century ROAD to Housing Act may change how you think about acquisitions, development sites, public land, affordable housing capital, and single-family rental strategy. On May 20, 2026, the U.S. House passed an amended version of this legislation. The bill extends well beyond traditional affordable housing policy, and real estate professionals should pay close attention to its key provisions.
Ten Mistakes Buyers Make When Negotiating Letters of Intent in Commercial Real Estate Transactions in Illinois
In Chicago and throughout Illinois commercial real estate acquisitions, the letter of intent (LOI) often sets the tone for the transaction. A weak LOI often creates two negotiations. First, you negotiate the LOI, then you renegotiate the same issues in the purchase agreement. Conversely, a strong LOI reduces that waste (and expense). Strong LOIs create faster transactions and, even if an attorney is involved, are considerably less expensive than salvaging a weak LOI or proceeding directly to a purchase agreement.
The 2026 ALTA/NSPS Land Title Survey Standards: What Do Commercial Real Estate Professionals Need to Know?
The 2026 ALTA/NSPS Land Title Survey standards took effect on February 23, 2026. The new standards give real estate owners, developers, and lenders opportunities to leverage 2026 ALTA surveys as a more effective risk-management tool. Buyers, sellers, lenders, developers, and counsel are now better equipped to identify title, access, and encroachment issues during commercial real estate due diligence.