Distinguishing between “affect” and “effect” can be challenging, but with a few simple tricks, you can master their usage. Here’s everything you need to know to remember when to use each word correctly. Affect vs. Effect: The Basics Affect (Verb): Definition: To influence or make a change to something. Example: “The weather can affect your… Read more »
An S Corporation, also referred to as an S Subchapter, represents a distinct form of corporation that is designed to meet specific internal revenue code requirements. Once a business qualifies, the structure allows the corporation to pass income directly to shareholders and avoid double taxation, which is typically characteristic of traditional corporations. This option is… Read more »
A C Corporation, often simply called a C Corp, is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C Corps are the most prevalent type of corporation in the U.S. and are particularly suitable for larger companies with a broad vision for expansion. At Berardi… Read more »
Real estate transactions, encompassing both residential and commercial properties, entail substantial legal considerations. A thorough review of real estate contracts is crucial to guarantee that all parties are fully aware of their obligations and rights, effectively protecting their interests. At Berardi and Associates, LLC, based in Homer Glen, Illinois, we are committed to delivering precisely… Read more »
Trusts are essential tools in estate planning, offering a variety of benefits such as asset protection, tax efficiency, and control over the distribution of assets. At Berardi and Associates, LLC, we understand the importance of selecting the right type of trust to suit your specific needs. In Chicago, several types of trusts are available to… Read more »
In Chicago, forming a Limited Liability Company (LLC) offers business owners a mix of operational flexibility and liability protection. An LLC operates with fewer formalities than a corporation, allowing for more straightforward management while still providing the crucial separation between personal and business assets. This separation is essential for shielding owners from business debts and… Read more »
Entering into real estate transactions necessitates precision and thoroughness in every detail, especially regarding contractual agreements. These contracts serve as the foundation for delineating the responsibilities and rights of all parties involved, forming a crucial part of both residential and commercial dealings. Berardi and Associates, LLC, located in Homer Glen, Illinois, is a law firm… Read more »
Construction defects can create significant problems for property owners and developers, resulting in financial losses, safety concerns, and diminished property values. At Berardi and Associates, LLC, we have developed a comprehensive approach to address and resolve these issues efficiently and effectively. Here’s an in-depth look at how our firm tackles construction defect problems: Comprehensive Investigation… Read more »
