Publication Highlight

Illinois Employers Take Note: Key Employment Law Changes Taking Effect in 2027

Illinois employers face two fairly significant changes to state employment law beginning January 1, 2027.

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Publication Highlight

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).

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Publication Highlight

Illinois Decouples from Federal QSBS Exclusion and Further Limits Corporate NOL Deductions

On June 16, 2026, Governor Pritzker signed Public Act 104-0468 into law. The Illinois Act makes two significant income tax changes: it decouples Illinois from the federal qualified small business stock (“QSBS”) gain exclusion under Code Section 1202 and further restricts the use of corporate net operating loss (“NOL”) carryover deductions.

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Publication Highlight

2026 Construction Forecast: The Only Thing Certain is Uncertainty

As 2026 dawns, it is natural to consider the outlook for construction in the coming year.

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Publications

News

Events

June 24, 2020/Publication

The Future of Private Equity - TEN TALKS With Gould & Ratner

June 19, 2020/Publication

SBA New Loan Forgiveness Applications Released, More Guidance on Paycheck Protection Program Flexibility Act

This week, the SBA released new guidance surrounding the ever-changing Paycheck Protection Program (PPP).

June 18, 2020/Publication

What's Involved in Training Employees to Recognize Signs of Human Trafficking

Lodging establishments will need to provide training to certain employees on how to recognize the signs.

June 15, 2020/Publication

U.S. Supreme Court Rules Title VII Protects LGBTQ Employees

Federal civil rights law protects gay and transgender employees from discrimination, the U.S. Supreme Court declared June 15, 2020, in Bostock v. Clayton County, Georgia.

June 12, 2020/Publication

EEOC Updates Pandemic Workplace Guidance

UPDATE: In its latest update to its pandemic workplace guidance, the EEOC addresses questions employers will face as businesses reopen and employees return to work.

June 10, 2020/Publication

Insurance Issues Facing the Construction Industry During the COVID-19 Pandemic and Beyond

Gould & Ratner presents the third installment of our Construction Interview Series on adapting to the COVID-19 pandemic and beyond.

Richard Reizen

Partner

Chair, Construction Practice

June 9, 2020/Publication

More Flexibility for Updated Paycheck Protection Program Rules

UPDATE: SBA Administrator Jovita Carranza and Treasury Secretary Steven Mnuchin released a joint statement on June 9, 2020, confirming that partial forgiveness is still permissible

June 4, 2020/Publication

How One Small Business Is Staying a Cut Above Upon Reopening

As Illinois businesses start to slowly reopen, employers are faced with a new normal.

June 2, 2020/Publication

Illinois Businesses Must Adhere to Restore Illinois Phase 3 Safety Guidelines

Gov. J.B. Pritzker issued Executive Order 2020-39 on May 29, 2020 which states that businesses must follow the guidance first published by the Illinois Department of Commerce and Economic Opportunity (DCEO)

June 1, 2020/Publication

Cook County Assessor Seeks to Reduce Assessed Property Values

The Cook County Assessor is doing what?

Amy Blumenthal

Partner