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Marilyn A. Wethekam Discusses the Year Ahead in SALT Law with State Tax Notes01/18/2021

Read the full article by State Tax Notes here. In the article "Forging Ahead in 2021" by State Tax Notes on December 21, 2020, Marilyn A. Wethekam goes over what the year ahead will look like. (more…)…

HMB Congratulates Dina Care on Closing $7M Series A01/12/2021

HMB congratulates client Dina Care, an AI-powered care-at-home platform and network, for successfully closing a $7 million Series A funding round led by Philadelphia-based Osage Venture Partners. Existing investors, strategic partners and Wheaton, Ill.-based First Trust Capital Partners LLC, also participated in the round. Funding will be used to accelerate Dina Care’s development of its industry-leading care coordination platform and…

Client Success: HMB Represents Caption Access LLC in Sale to Australia-based Ai-Media01/08/2021

Illinois-based CaptionAccess is a deaf-owned and managed company providing communication access services to the government, corporate and education sectors. CaptionAccess is strongly positioned in the education sector, providing a broad and complementary expansion of Ai-Media’s enterprise customer base in the region.

HMB Legal Counsel Welcomes Sara E. O’Reilly as Chief Executive Officer01/05/2021

CHICAGO, January 5, 2021— HMB Legal Counsel (“HMB”) welcomes Sara E. O’Reilly as Chief Executive Officer of HMB. She is the first woman and first nonlawyer in this leadership role for the firm, succeeding Managing Partner, Jeffrey A. Hechtman. HMB is proud of its 45-year history, entrepreneurial spirit and forward-thinking attorneys. The decision to adopt a CEO model, to be…

HMB Legal Counsel Retained as Counsel for Wind-Down Trustee In re OGGUSA, Inc. f/k/a GenCanna Global USA12/29/2020

Aaron L. Hammer, John W. Guzzardo and Nathan E. Delman of HMB Legal Counsel have been retained as counsel for the wind-down trustee in In re OGGUSA, Inc. (f/k/a GenCanna Global USA, Inc.). Earlier this year, CBD giant GenCanna made national headlines when its creditors forced the company into a Kentucky bankruptcy court After a high stakes court battle which…

HMB Elevates Robert J. Schaul to Partner12/18/2020

Chicago, IL December 18, 2020 HMB Legal Counsel, a preeminent provider of legal services in Business and Finance, State and Local Tax, Trusts and Estates, Bankruptcy, Reorganization and Creditors' Rights, Real Estate and Litigation announced that Robert J. Schaul was elevated to partner. Robert is a partner in HMB’s Business and Finance Group. He focuses his practice on general corporate…

John W. Guzzardo Appointed to the Panel of Chapter 7 Trustees for the Northern District of Illinois12/11/2020

HMB is proud to announce that John W. Guzzardo has been appointed by the United State Trustee of Region 11 to the Panel of Chapter 7 Trustees for the Northern District of Illinois, Eastern Division. John is Chair of HMB’s Litigation Group and a partner in HMB’s Bankruptcy, Reorganization and Creditors’ Rights practice. "Over the past eleven years of my…

Client Success: HMB Represented TruQua in Sale to IBM12/02/2020

HMB congratulates TruQua, a Chicago-based IT Consulting company, for its sale to IBM. TruQua will enable IBM to broaden its consulting expertise and capabilities to help clients implement SAP solutions that will improve and automate financial management workflows, enhance operational efficiency and, ultimately, drive an enterprise-wide transformation through the adoption of SAP S/4HANA, the latest generation of SAP's ERP business…

Marilyn A. Wethekam Discusses Voluntary Disclosure Programs with Tax Notes Today State11/30/2020

Download the full article by State Tax Notes here. In the article "Sales, Use Tax Voluntary Disclosure Agreements Increased" by State Tax Notes and first discussed at the NESTOA conference on November 13, 2020, Marilyn A. Wethekam goes over the use of Voluntary Disclosure programs. (more…)…

Client Success: Svoboda Capital Partners LLC Recapitalizes Life Sciences Consultancy, Clarion Healthcare11/23/2020

HMB congratulates Svoboda Capital Partners LLC ("SC") on their partnership with Clarion Healthcare ("Clarion"). Founded in 1998, SC is a Chicago-based private equity firm that identifies, invests in and helps build excellent businesses in its targeted business niches: value-added distribution, business services and consumer products. “Clarion is a very impressive organization, delivering high value to clients by bridging the intersection…

Jordan M. Goodman Discusses Local Nexus Considerations with Law36011/23/2020

Local jurisdictions should clarify the nexus standards for their taxes, Jordan M. Goodman said, noting that the Wayfair decision has raised questions of how nexus at the state level applies to local nexus considerations. For local taxes that have a state equivalent, states and localities should "link up" and inform taxpayers of whether nexus with the state means a taxpayer…

Marilyn A. Wethekam Speaks with State Tax Notes in “Conformity Issues Cause Complications With 163(j) Limitation”11/17/2020

Download the full article by Tax Notes State here. Federal tax code conformity and mismatches between federal and state taxable income can cause difficulties with the business interest expense limitation under IRC section 163(j), according to tax forum panelists. Marilyn A. Wethekam said that, in her opinion, the section 163(j) limitation provision under the Tax Cuts and Jobs Act has…

HMB Named to U.S. News & World Report “Best Lawyers – Best Law Firms – 2021”11/17/2020

We are pleased to announce that HMB earned top recognition in the 2021 edition of  U.S. News & World - Best Lawyers "Best Law Firms." Additionally, HMB was named a Tier 1 law firm in Chicago for Trusts & Estates. Richard M. Horwood and Jeffrey A. Zaluda were selected by their peers for inclusion in The Best Lawyers in America in the practice…

Marilyn A. Wethekam Discusses Wayfair and Voluntary Disclosure Agreements with Bloomberg Law Tax11/17/2020

The world of e-commerce selling is still adapting to the U.S. Supreme Court’s groundbreaking 2018 ruling in South Dakota v. Wayfair , which permitted states to impose tax collection duties on remote retailers based on economic activity in a state rather than physical presence. State and local tax agencies have seen surging interest in their voluntary disclosure agreement programs following the Wayfair ruling…

HMB Welcomes Loan K. Tran and Elysa J. Chew11/02/2020

11/2/20 Chicago, IL HMB Legal Counsel, a preeminent provider of legal services in business and finance, litigation, trusts and estates, real estate, state and local taxes and corporate reorganization, bankruptcy and creditor's rights, announced that Loan K. Tran joins the firm as an associate in the Business and Finance group and Elysa J. Chew joins the firm as an associate…

HMB Congratulates Client RED South Beach for Turnaround Management Association Small Business Turnaround Award10/28/2020

RED South Beach and its turnaround professionals have been awarded the Small Business Turnaround of the Year Award from the TMA’s Chicago/Midwest Chapter. HMB attorneys Aaron L. Hammer, John W. Guzzardo and Nathan E. Delman served as legal counsel to RED South Beach in its turnaround. Although this year’s celebration will be virtual, the Chapter’s Awards Committee and Board will…

David S. Ruskin and Julianne M. Dailey Represent Illinois Craft Cannabis Association in Lawsuit Against the State of Illinois10/15/2020

The Illinois Craft Cannabis Association ("ICCA") filed suit against the State of Illinois and Illinois Department of Agriculture on Monday, October 12 to compel the defendants to issue overdue licenses and provide injunctive relief to the cannabis craft grower, infuser and transporter applicants that were expecting licenses to be issued on July 1, under the law, but are now racking…

HMB Congratulates FingerprintJS on Closing Funding Round10/15/2020

HMB congratulates FingerprintJS and its founders, Dan Pinto and Valentin Vasilyev, on closing a $4M financing round. The company, a new kind of toolkit offering a browser fingerprinting service, is based on an open-source project that already has 5 million downloads and 8,000 websites using the service. “We have a unique opportunity to disrupt the fraud technology market by enabling our…

HMB Legal Counsel’s Bankruptcy, Restructuring & Creditors’ Rights Practice Reaches New Heights10/14/2020

Over the past twelve months, HMB Legal Counsel (“HMB”) helped navigate a smooth landing for distressed aircraft manufacturer Thrush Aircraft, Inc. (“Debtor”), culminating in a successful sale of substantially all its assets and the subsequent confirmation of a joint plan of liquidation in August 2020. In September 2019, HMB was appointed as counsel to the Official Committee of Unsecured Creditors…

HMB Congratulates AM Money on Recent Financing Round10/08/2020

HMB congratulates AM Money, also known as Chicago Student Loans, and CEO & Founder Daniel Rogers, on closing a financing round. AM Money fights to give low-income students across the city, state and country every opportunity to graduate from college, find quality employment and build wealth. Google for Startups is one of AM Money's many supporters and has provided additional funding through…

Marla M. Izbicky Elected as Director of the Women’s Bar Association of Illinois10/07/2020

In a unanimous vote, Marla was elected as the newest Director of the Women's Bar Association of Illinois for the 2020-2021 executive leadership year. The WBAI, one of the oldest and largest bar associations in the state of Illinois, was first established in 1914 and was founded to promote the interests and welfare of women lawyers and also to aid…

Marilyn A. Wethekam Discusses Commerce Clauses in “Quill Still Good Law for Due Process Analysis, Hecht Says” by Tax Notes State10/06/2020

Download the full article by Tax Notes State here. The U.S. Supreme Court will continue to look to the analysis in Quill Corp. v. North Dakota for due process clause purposes, according to Multistate Tax Commission Uniformity Counsel Helen Hecht. The topic came up during a September 15 webinar hosted by the Federation of Tax Administrators. FTA Deputy Director Verenda…

Congratulations to HMB Attorneys Selected to 2021 Super Lawyers and Rising Stars Lists10/05/2020

2021 Illinois Super Lawyers John W. Guzzardo Richard M. Horwood Fred O. Marcus Marilyn A. Wethekam Jeffrey A. Zaluda 2021 Illinois Super Lawyers - Rising Stars Karl E. Analo Matthew R. Barrett Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process…

Marla M. Izbicky Joins HMB’s Litigation and Technology Practices10/02/2020

10/2/20 Chicago, IL HMB Legal Counsel, a preeminent provider of legal services in business and finance, litigation, trusts and estates, real estate, state and local taxes and corporate reorganization, bankruptcy and creditor's rights, announced that Marla M. Izbicky joined the firm’s growing Litigation and Technology Practices. Marla is a member of HMB’s Litigation group and concentrates her practice on commercial…

HMB Congratulates AeroPay on Closing Seed Round10/01/2020

HMB congratulates AeroPay, a Chicago-based alternative payments platform, and CEO & Founder Daniel Muller, on closing a seed round to accelerate its growth led by Continental Investors. The AeroPay platform eliminates traditional payment processing burdens and enables seamless bank-to-bank digital payments between businesses and their customers. The platform is built to work in any environment, both in-person or online. With…

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