Confused and overwhelmed by the BOI Report? You aren’t alone. The Beneficial Ownership Information Report (BOI Report) is a newly required filing from the Financial Crimes Enforcement Network (FinCEN). In an effort to combat the use of shell and front companies for illicit financial activity, virtually all businesses in the United States now have to provide FinCEN with [...]
Several laws take effect in Chicago starting on July 1st, 2024. Hiring parties will be required to provide more paid leave and sick leave to their workers. The city's minimum wage in 2024 will increase. The tipped minimum wage will begin to be phased out. State and federal governments usually write laws to take effect on January 1st, [...]
New Paid Leave Laws for Illinois Employees Three new major paid leave laws will go into effect in Illinois in 2024. The Paid Leave for All Workers Act applies to any employer with an employee in the state. Cook County’s paid leave ordinance applies to any employer with an employee in Cook County. Chicago’s paid leave ordinance applies [...]
The Paid Leave for All Workers Act Illinois’s new paid leave law, PLAWA, affects every employer with an employee in the state and goes into effect January 1, 2024. PLAWA allows employees to accrue up to one week a year of paid leave. This paid leave must be able to be used for any reason. More generous municipal [...]
What are the new laws in Illinois for 2024? New year, new laws! In our 2024 annual legislative digest for Illinois’ small business community, we highlight five new laws that take effect this year and one existing law getting an upgrade. Please note: This post covers only some of the new legislation taking effect this year and, while [...]
