It is necessary for business owners to have a knowledgeable attorney who can easily communicate and explain the intricacies and details of the always-evolving law. The most rewarding part of my practice is gaining clients’ trust through hard work and obtaining favorable results in forming, maintaining, and growing their businesses.
Education
- J.D., Marquette University Law School
- B.A., Marquette University
Bar Certifications
- Admitted to the Bar of the Illinois Supreme Court
- Admitted to the State Bar of Wisconsin
Awards and Recognition
- 2025 - 2026 Rising Star - Business/Corporate, Super Lawyers Magazine
Community Involvement
Mr. Portera serves as a Vice Chair on the Board of Directors for the Arlington Heights Chamber of Commerce and is a member of the Arlington Heights Zoning Board of Appeals. He also volunteers for the annual Lavelle Law Charities Food Drive.
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Lavelle Law News and Events
For many businesses, the ability to fully expense capital investments in the first year presents a meaningful opportunity to reduce tax liability and reinvest in growth. Proper classification, timing, and election planning remain essential to maximizing the benefit.
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued its interim final rule stating that those entities previously classified as "domestic reporting companies" are now exempt from all BOI reporting requirements. On the other hand, all foreign entities registered to do business in the USA must file their own initial BOI reports within 30 days of the initial final rule's publication, if they have not done so already.
On February 27, 2025, FinCEN issued an immediate press release stating it would not impose fines, penalties, or take any other enforcement actions against companies that fail to file or update Beneficial Ownership Information ("BOI") reports pursuant to the Corporate Transparency Act ("CTA") by the current deadlines. FinCEN also announced that it would be revising BOI reporting deadlines through an interim final rule set to be issued no later than March 21, 2025.
