#Erwin Law Answers
Is an LLC the best structure for our real estate business?
Real estate investors and developers are often well versed in assessing properties, analyzing cap rates, zoning issues, property tax concerns and other matters related to real estate due diligence. Yet they often overlook, or give little importance to, the structure of their business and the framework they establish for the ownership of the properties they… Read more »Read article
What are the critical components of a valid mechanics lien claim?
A contractor who doesn’t get paid for doing work on someone’s home or real estate property has a useful method of enforcing his or her collection rights – the filing and prosecuting of a mechanics lien against that real estate property. Mechanics liens are products of state law and, in Illinois, are authorized and governed… Read more »Read article
How can I benefit from the new tax laws?
The recently-enacted tax law changes are substantial, and are already greatly affecting all areas of industry, real estate included.Read article
What do I need to know about international buyers and sellers?
Whether foreign citizens are buying and selling pied-a-terres, vacation or second, even third homes here in the States, they are, quite clearly, a highly valuable target segment in the luxury home market.Read article
If I file for Chapter 13 Bankruptcy, do I have to repay all my debts?
To the unfamiliar, a Chapter 13 plan is a cumbersome document that could negatively impact one’s rights. A Chapter 13 plan must treat all of a debtor’s creditors, both secured and unsecured. Treatment, however, does not necessarily mean full payment.Read article
How can I avoid commission conflicts?
Some commission structures are simple and straightforward. Others, such as continuing commissions on a commercial lease, can be more complicated. But one thing they all have in common – they must be properly written and executed in order to be enforceable.Read article
What’s the best structure for our business?
#ErwinLawAnswers Real estate investors and developers are often well versed in assessing properties, analyzing cap rates, zoning issues, property tax concerns and other matters related to real estate due diligence. Yet they often overlook, or give little importance to, the structure of their business and the framework they establish for the ownership of the… Read more »Read article
The ICPA in Practice: Has Section 22.1 Lost its Meaning?
We reviewed the matter, and are featured in the ‘Legal Updates’ section of the CAI webpage: http://www.cai-illinois.org/association-disclosures-section-22-1-illinois-condominium-property-act/Read article
Developer Turnover To The Association in New Developments:
How to affect a smooth transition.Read article
The Chicago Tribune Cites James Erwin
about funding major improvements for a condominium association.Read article
The Ultimate Do It Yourself Project
Chicagoland Cooperator article featuring James Erwin of Erwin Law LLCRead article
Congratulations to our client, BEx LLC
Congratulations to our client, BEx LLC, a leading developer of FX trading solutions, on its successful collaboration with Northern Trust. We’re pleased to have been a part of the legal team that worked to bring this major business advancement deal to fruition. We invite you to contact Erwin Law to discuss how we can help grow your company. Read… Read more »
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