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The Chicago City Council approved a notable revision to the Zoning Ordinance geared toward reducing approval time and procedures for some developments. Ordinance 2023-5759 amends Section 17-13-0303 of the Zoning Ordinance on the procedure for seeking variations and administrative adjustments for projects subject to Type 1 rezoning applications. Previously, projects that required variations or administrative adjustments in addition to rezoning had to follow the legislative rezoning process and then seek additional relief from the Zoning Administrator [...]

When it comes to real estate investing, savvy investors are always on the lookout for strategies that can protect their assets while optimizing tax advantages. A popular strategy is forming a limited liability company ("LLC") for real estate investments and rental properties. An LLC is a business entity that protects its owners, referred to as members, from being personally liable for the debts of the company. Below, we discuss the benefits of creating an LLC for your [...]

Also sometimes referred to as a Construction Lien The idea that people who build things need to get paid for the work they do is as old the USA. Back in the day construction workers were called mechanics and around the time when our capital building was being built, they were a little nervous about working for a brand-new government without getting paid upfront. Benjamin Franklin assured the mechanics if the United States government was [...]