Gould + Ratner
House-Passed 21st Century ROAD to Housing Act: What Real Estate Professionals Should Know
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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.
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FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Companies and Will Delete Previously Filed Data
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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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Illinois Decouples from Federal QSBS Exclusion and Further Limits Corporate NOL Deductions
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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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2026 Construction Forecast: The Only Thing Certain is Uncertainty
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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

Matthew Olins authored authored an article entitled Sales Under Article 9 of the Uniform Commercial Code in Volume 31 of the AIRA Journal.
 

Matthew Olins
Partner
Chair, Business Reorganization and Creditors’ Rights Practice
When preparing for an archeological dig, New Hampshire state archeologist Richard Boisvert once succinctly stated: “If we knew what was there, we wouldn’thave to dig.”
Richard Reizen
Partner
Chair, Construction Practice
Vanessa Tiradentes, a member of Gould & Ratner’s Litigation Practice, contributed a chapter in the book, Litigating the Business Divorce. Her chapter focused on challenging a stock split in the business divorce context. Among other issues, the chapter discusses various manners and methodsby which a minority owner may challenge a split, as well as the various forms of relief that may be available.
Vanessa Tiradentes
Partner
Family-owned companies and other closely held businesses and investment entities would be affected
McDonald’s and the National Labor Relations Board faced off in an administrative court to determine whether the fast-food chain is liable for theactions of its franchisees as a joint employer.
Most construction contracts contain boilerplate Force Majeure or Act of God provisions, but they should clearly identify what those events are, their impacton contract terms and allocate the risks of delay caused by them.
Richard Reizen
Partner
Chair, Construction Practice
Construction
Litigation
At the start of this year, a new provision of the Illinois Mechanics Lien Act became effective, a major development in the history of Illinois’ MechanicsLien Act that may simplify the sale or refinancing of real estate that would otherwise be encumbered by mechanic’s lien litigation.
Eric Sparks
Partner
Construction
Real Estate
Litigation over restrictive covenant agreements, including non-competes, is on the rise. Because such agreements are viewed as restraints on trade, theyare generally disfavored by Illinois courts. In a recent decision, an Illinois appellate court followed suit, striking down as overbroad and unreasonablethe non-compete, non-solicit and confidentiality provisions in an employment agreement.
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
Human Resources and Employment
Litigation
Richard Reizen
Partner
Chair, Construction Practice
Ellen Chapelle
Partner
Chair, Insurance Counseling and Recovery
Eric Sparks
Partner