Remember: If a principal has capacity, only they have the authority to override their power of attorney. If a principal lacks capacity, anyone who has their best interests at heart — whether that be a close family member or a longtime friend — generally has the authority to file a formal POA revocation claim.
Am I required to have a trust account? Under Rule 1.15 of the Illinois Rules of Professional Conduct, lawyers who come into possession of funds belonging to a client or third party in connection with representation must deposit the funds in a client trust account.
Illinois currently doesn't have any rent control laws. This means Illinois landlords can increase rent by any amount they see fit as long as they provide advance notice. For a week-to-week tenancy, the amount of notice is seven days, and for a month-to-month lease, they must give you a 30-day notice.
Recovering attorney fees is possible in civil cases. This can be accomplished by filing a motion pursuant to Illinois Supreme Court Rule 137, which allows a party to recover attorney fees spent defending a frivolous lawsuit.
LLCs offer several advantages, including tax savings, liability protection, privacy (if formed anonymously), increased credibility, and more tax flexibility. One drawback is that there is added complexity when compared to a sole proprietorship for these added options to running your company.