Legal Perspective for Business Owners
Steven A. Migala • May 12, 2021
Steve Migala, Shareholder of Lavelle Law, recently sat down with Paul Heinze of Goldberg Heinze, to discuss recent changes, trends, and a business owners’ relationship with their attorney. Steve offers perspective on financing, succession planning, annual compliance, and more. For follow-up questions or to discuss your business needs, contact Steve at smigala@lavellelaw.com or 847-705-7555.
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On August 20, 2025, the First District of the Illinois Appellate Court decided Chicago Title Land Trust Co. v. Watkin, 2025 IL App (1st) 241354 (August 20, 2025). At issue in Watkin was whether the expiration of the statute of limitations barring enforcement of a mortgage also extinguishes the mortgage lien.

On August 7, 2025, the IRS announced that, as part of its phased implementation of the July 4th One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for tax year 2025 related to the new law. The IRS outlined key relevant changes to tax filers effective for '25 - '28.