Lane Report Archives

Displaying 41 through 80 of 215  
Estate Planning 101 - Duck, Duck, Goose
Thursday, August 1, 2013
When was the last time you played “Duck, Duck, Goose”? If you’re like most people, you probably said when you were a kid, probably about 10 years old. Next question: When was the last time that you reviewed your will and/or trust? If you’re like most people, perhaps never, if you haven’t done any estate planning yet. Or perhaps...
How to Resolve Disputes Relating to Website Domain Names
Monday, July 1, 2013
Most businesses, and many individuals, operate a website. However, you may not have realized when you registered your domain name that you agreed to abide by the terms of the Uniform Domain Name Dispute Resolution Policy (UDRP). The UDRP is incorporated into the Registration Statement that you are required to accept when you register for most domain names....
The ETF - Managed Portfolio Solution
Wednesday, May 1, 2013
Marc J. Lane Investment Management, Inc. has been providing portfolio management solutions for high net-worth individuals since 2002. Historically, those services have only been made available to our clients with over $500,000 to invest. But now we are offering a competitive solution for clients with investable assets of $100,000 or more. These portfolios...
Time to Thwart the Sales Tax Gambit
Monday, April 1, 2013
Over the past three years, Illinois courts have heard one claim after another that cities and towns outside the Regional Transit Authority's six-county territory have illegally lured businesses whose headquarters are within the RTA's taxing authority to set up satellite offices merely to reduce the sales taxes they owe. Adding to the controversy, the...
The Federal Reserve, Interest Rates, and Your Income Requirements
Friday, March 1, 2013
Today we find ourselves in what arguably is the most difficult environment for income investors in our nation's history. Yields on both stocks and bonds have been on the decline for the past three decades. Add to this the fact that as the baby boom generation now approaching retirement is swelling the ranks of income seeking investors. In competing with one...
Collaborative Startup Communities Bolster Entrepreneurship - But for How Long?
Friday, February 1, 2013
Collaboration is the name of the game for the entrepreneurial community in 2013. Startup incubators and accelerators are cultivating the seeds of new business that might not otherwise sprout in the wake of decreased venture capital funding for early stage companies, a decline that PricewaterhouseCoopers and the National Venture Capital Association predict...
Why Fair Pay is Key to a Sustainable Recovery
Wednesday, January 2, 2013
Illinois' 97th General Assembly goes out of business on Jan. 8. Between now and then, it may tackle more divisive issues of moral consequence than any of its recent predecessors. The reform of the state's debt-ridden public employee pension system, the expansion of casino gambling, the legalization of same-sex marriage and the approval of medicinal...
Consider Taking Advantage of Opportunities in 2012 - Your Taxes May Rise in 2013
Saturday, December 1, 2012
As of this writing, it’s difficult to speculate as to what U.S. income tax rates will be in the year 2013. This has become especially apparent due to the effect of the so-called “fiscal cliff” and the results of the November elections. The “fiscal cliff” is actually the result of the Budget Control Act of 2011, a law passed to...
Barack Obama's Presidential Library Belongs at U of C
Thursday, November 1, 2012
In this political season, it comes as no surprise that objections are being raised over nascent efforts to snag an eventual Barack Obama library and museum for the University of Chicago, where for 12 years the U.S. president was a lecturer in constitutional law. Skeptics predict that the institution would be celebratory, not scholarly, and that its...
Chicago's Cultural Plan: A Plea for Restraint
Monday, October 1, 2012
Kudos to Mayor Rahm Emanuel and Michelle Boone, Chicago's cultural commissioner, for inviting public debate around their ambitious campaign to revamp and strengthen the city's arts and culture scene. Cultural Plan 2012, the first such program in 25 years, lays out no fewer than 200 proposed initiatives to amp up cultural participation and convert creativity...
Weather and Politics
Tuesday, September 4, 2012
According to the National Oceanic and Atmospheric Administration, July 2012 was the hottest month on record for the continental United States. Surely, approaching autumn days will provide some very welcome cooler weather for much country. But with Republicans just having convened in Tampa, and Democrats set to gather in Charlotte this week, there is no...
2012 Mid-Year Tax Update
Wednesday, August 1, 2012
At the Law Offices of Marc J. Lane, P.C., we strive to keep you informed about helpful planning topics each month. This month we are discussing a topic near and dear to everyone's heart: taxes. The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your...
EPA Rule Would Spell End of the Dirty Coal Age
Monday, July 2, 2012
The U.S. Environmental Protection Agency is mulling a common-sense rule that, for the first time, would set caps on the carbon pollutants that future fossil fuel-fired power plants may lawfully emit. Carbon dioxide emissions from new plants would be limited to 1,000 pounds per megawatt-hour. This would essentially provide the unceremonious end to the age of...
Time for State Lawmakers to Pass Budgeting 101
Friday, June 1, 2012
Illinois is billions of dollars in the red, yet the state's legislators inexplicably continue to deny themselves the right to know how much the measures they consider would cost or save taxpayers. In other states, “fiscal notes,” which estimate the costs or savings and the revenue gain or loss of proposed laws, are indispensable tools for...
IRS Promotes Use of Program-Related Investments
Tuesday, May 1, 2012
The seeds of change are taking root in the nation's Capital. This past month, the IRS released proposed regulations that would add nine new examples of investments which qualify as “program-related investments” (PRIs) for private foundations. Having the ability to make PRIs is advantageous for private foundations, which are required to make...
Illinois' Tax Credit Windfall at Risk
Monday, April 2, 2012
Last Friday Illinois, joining Michigan, Minnesota, New York and Pennsylvania, inked a deal with the Obama administration to speed up regulatory review of plans for offshore wind farms in the Great Lakes, which had been dogged by cost concerns. Illinois Governor Pat Quinn applauded the agreement, noting that developing offshore wind energy would...
An Intellectual Property Audit: The First Step in Protecting Your Valuable Assets
Thursday, March 1, 2012
Last month, the National Science Foundation (NSF) and the U.S. Census Bureau released survey results on the importance that businesses place on various forms of intellectual property (IP). John Jankowski, lead author of the report in NSF's National Center for Science and Engineering Statistics, stated: In today's global economy, much of a business's...
Eradicating food desert key to Chicago's competitiveness
Wednesday, February 1, 2012
Chicagoans have reason to applaud an impressive 39% drop over the past five years in the number of city residents living in its “food desert,” those low-income neighborhoods where affordable and nutritious food is hard to come by. Yet 1 in 7 residents, 124,000 of them children, still live in communities without readily available fresh food. The...
Social Enterprises: A New Business Form Driving Social Change
Tuesday, January 3, 2012
Many mission-driven organizations, both nonprofits and for-profits, are becoming “social enterprises” that embrace market-based strategies in the pursuit of their social purposes. New business models and even entity forms are emerging to help the social entrepreneur drive positive social change. Lawyers have new opportunities to aid their...
Outlook for 2012 After the Death of the Super Committee
Thursday, December 1, 2011
On Monday, November 21, the Deficit Reduction Joint Committee of Congress officially threw in the towel and announced that it was unable to reach an agreement on the $1.2 trillion in cuts in the federal budget mandated by the Budget Control Act of 2011. What does this failure mean to you and the typical American family as we move forward into 2012? If the...
Can You Prove Your Tax Return Was Filed on Time?
Tuesday, November 1, 2011
With the rise in electronic filing of tax returns –- nowadays, almost 80% of individual tax returns are filed electronically – it can be easy to forget that millions of tax returns, ranging from individual to corporate, are still prepared on paper and need to be mailed to the Internal Revenue Service for filing. And having to mail returns to the...
Overhaul of World Business Chicago is First Step on City's Road to Recovery
Monday, October 3, 2011
Mayor Rahm Emanuel seems undeterred by naysayers as he invests his vast political capital in an agenda of fiscal responsibility, school reform and safe streets. No question the urgent issues Mr. Emanuel has targeted must be on the front burner if Chicago is to remain livable, let alone become the world-class city it could be. But without real economic...
The L3C: A Boon to Illinois' Social-Purpose Businesses
Thursday, September 1, 2011
The Low-profit Limited Liability Company, or "L3C," is a new, for-profit business form available to social entrepreneurs who seek the legal and tax flexibility of a traditional LLC, the social benefits of a non-profit organization, and the branding and market positioning advantages of a social enterprise. Moreover, the L3C presents a unique opportunity to...
2011 Mid-Year Tax Update
Monday, August 1, 2011
The Law Office of Marc J. Lane is now on Facebook! To follow the firm, please click here. At the Law Offices of Marc J. Lane, P.C., we strive to keep you informed of helpful planning topics each month. Tax reform and budget reform are currently hot topics in Washington D.C., but as of the time of this writing, no clear consensus appears to be in...
Going Private: How Privatization and Social Enterprise Can Help the City's Double Bottom Line
Friday, July 1, 2011
In the waning days of the Daley administration, the former mayor incurred the wrath of union leaders when he floated the possibility of outsourcing the city's curbside recycling initiative without first consulting labor. It was Richard M. Daley, everyone remembers, who struck the deal to sell Midway Airport that ultimately collapsed for lack of financing...
Tracking the Social Enterprise's Social Performance
Wednesday, June 1, 2011
The final chapter of my new book, Social Enterprise: Empowering Mission-Driven Entrepreneurs, (American Bar Association, 2011) raises the provocative question: "To What End?" The demand for metrics to evaluate social impact has never been stronger, and that demand comes from all quarters. Donors and investors want to ensure that their gifts, grants and...
AT&T, Deja Vu?
Monday, May 2, 2011
AT&T's recently proposed acquisition of T-Mobile has awakened not so distant memories of when, prior to its breakup 1984, AT&T enjoyed a virtual monopoly in the telecommunications industry. The combination of these companies presents a host of issues that range from antitrust implications to the questionable benefits and relative costs to consumers...
Time to Overcome Funding Disparity for K-12 Education
Friday, April 1, 2011
Three years ago, the Chicago Urban League, a civil rights organization that encourages economic empowerment for African-Americans, sued the state of Illinois and the Illinois State Board of Education, alleging that the state's funding formula for education punishes minorities because it is based on property values. The Urban League, which hopes its case...
Do You Know What's In Your Marketing Materials?
Tuesday, March 1, 2011
The Law Office of Marc J. Lane is now on Facebook! To follow the firm, please click here. Yummy Dough, a fairly new product out of Germany, creates a compound that kids can mold into various shapes, bake, and eat. The company behind Yummy Dough, 123 Nahrmittel GmbH, received numerous awards for the product and has been expanding distribution to other...
Zero-based Budgeting Holds Much Promise for Illinois' Fiscal Future
Tuesday, February 1, 2011
An unheralded provision of last spring's budget legislation adds Illinois to the growing roster of states committed to performance-driven budgeting. “Budgeting for outcomes” was introduced by former Washington Gov. Gary Locke in 2002, when he faced a $2.5-billion budget shortfall. Mr. Locke reformed the way state officials prioritized and spent...
The Estate Tax Is Back
Monday, January 3, 2011
This past December, as the weather outside became increasingly colder, the debate in Washington over taxes and spending was heating up to a fever pitch. Politicians, pundits, and concerned citizens from the right to the left and everywhere in between expressed opinions about our nation's economic policy and tax structure. One thing remained clear during...
Health Care Law Reform Brings Attention to Form 1099-MISC
Wednesday, December 1, 2010
Every January, many Americans find a series of statements in their mailbox from banks and brokerages labeled "Form 1099." These statements are known to the Internal Revenue Service as "information returns." Besides the Form 1099-DIV (for dividends) and Form 1099-INT (for interest) which are widely familiar, the IRS also publishes a variety of other forms in...
McCormick Place Gets Reprieve from Losing Conventions, but Much Work Remains
Friday, October 1, 2010
New work rules and pricing plans at McCormick Place will make Chicago a more competitive convention destination. The General Assembly's sweeping reform measure, which took effect on Aug. 1, will cut labor costs by reducing crew sizes and overtime pay, give exhibitors the right to set up their own booths and allow shows to select less expensive, outside...
Let Joe Ferguson Fix City's Minority Business Program
Wednesday, September 1, 2010
The late Harold Washington, the "people's mayor," was voted into office in 1983 after cobbling together a coalition of African-Americans and Hispanics yearning for the civil rights they had been denied, white liberals fed up with racially polarizing politics and labor unions incensed over mounting job losses. Mr. Washington's policies of inclusion gave...
Dividend Growth Still Rules
Monday, August 2, 2010
As of this writing the Dow Jones Industrials average is 27% below its October 8, 2007 close of 14,093 and about 8% below its April 19, 2010 close of 11,204. The yield on the Dow stands at 2.7%. It used to be that a dividend yield below 3% signaled an oncoming bear market. The yield has not been that high since the fourth quarter of 1990, almost twenty...
Illinois Politicians' Refusal to Take on Pension Reform Jeopardizes Recovery
Thursday, July 1, 2010
Pension crises in Chicago, in Illinois and in cities and states throughout the nation threaten the retirement security of public employees, investors' confidence in public securities and, ultimately, the economic recovery on which businesses, consumers, homeowners and workers are counting. Illinois' General Assembly deserves all the heat it's feeling....
Privacy, the Cost of Innovation?
Tuesday, June 1, 2010
With the backlash against Facebook for privacy breaches, consumers, lawmakers and the media have made it clear that personal information is the hot new commodity that cannot be sold for free membership to social networking sites. The numerous news articles on Facebook's breach of its users' privacy have left Facebook backpedaling to address the seemingly...
Inspector General Has Potential to Crack City's Code of Silence
Saturday, May 1, 2010
The city of Chicago's employees, shielded from retaliation by the city's whistle-blower ordinance, are under orders to report suspected misconduct by their fellow workers. Yet, too often, they don't. A recent survey commissioned by the Office of Compliance, created to oversee the city's court-ordered efforts to keep politics out of hiring, revealed that...
Displaying 41 through 80 of 215  

Announcing Marc J. Lane's 35th Book:

The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems

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