A recent case decision shows the risk involved in acquiring an ownership interest in a Limited Liability Company (LLC) but not being admitted as a member. Mary Doherty v Country Faire Conversion, LLC, 2020 IL App (1st) 192385 involved an LLC membership interest that was foreclosed on and the interest holder’s rights after that in…
Suing an Association is an expensive proposition in Illinois. Illinois follows the American Rule regarding assessing attorneys fees. The American Rule is unless there is a statute or contract stating otherwise, each side pays their own legal fees. So if an unit owner prevails in litigation against the Association, most times the unit owner needs…
June 14 2016 and June 15 2016, the National Business Institute will be holding a professional education seminar for attorneys on title insurance. I will be giving a lecture on June 15. My topics are Quiet Title lawsuits in Illinois and Drafting Documents to Cure Defects on title. Keil Larson
I spoke at a National Business Institute national video seminar titled Top 10 Title Defects – Cured. I discussed how to cure missing probate estate information in the chain of title, how to cure judgment and other liens that appear in the record. This aired on October 14, 2014. Keil Larson
Where are the modern day Robin Hoods More and more our government acts like the king our forebears rebelled against many generations ago. The government subjugates ordinary citizens while leaving the powerful unscrupulous people alone. Here in Illinois the government confiscated a black 2005 Corvette because the owner was driving the car without a breath-alcohol…
On May 4, 2015 I moved my office to 35 East Wacker Drive, Suite 650, Chicago, Illinois 60601. After 25 years I left the River North Area and moved into the loop. From my window I see the Chicago River. With this new location I am much closer to the court houses as I am in…
Commercial Real Estate Broker (Realtor) Lien Act Realtors bring together buyers and sellers of real estate. For this service, the seller normally pays a commission to the realtor. At the closing of this transaction, the realtor then receives a big check. As with most things in life, sometimes things go awry. Some transactions the owner…
Homeowners and renters can take action against cigarette-smoking neighbors. Non-smoking laws in public places have swept the nation, but until recently, if the smoke wafting into your house, condominium, or apartment from your neighbor’s cigarette bothered you, all you could do was move out. The situation is changing, however, and non-smokers bothered by their neighbors’…
To form your own corporation, you must take these essential steps. If you’ve sorted through the many types of business structures and decided to create a corporation, you’re facing a list of important — but manageable — tasks. Here’s what you must do: Choose an available business name that complies with your state’s corporation rules….
What’s Below: Are noisy neighbors breaking the law? How should I approach my neighbor about a noise problem? Can I sue a noisy neighbor? Isn’t my landlord supposed to keep noisy tenants quiet? My neighbor’s dog barks all the time, and it’s driving me crazy. What can I do? Are noisy neighbors breaking the law?…
