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Client Success: HMB Represents Lightstream in Sale to UK-based Publicly Traded Company Vitec Group04/15/2021

HMB would like to congratulate Lightstream and its CEO and Co-founder Stu Grubbs, COO and Co-founder Aaron Hassell, CCO and Co-founder Ryan Forquer and Principal Engineer and Co-founder Dan Trocchio on a successful sale to Creative Solutions, a division of Vitec Group, a UK public company trading on the London Stock Exchange. Lightstream is a US-based tech company that builds…

Client Success: Dunes Point Capital, LP Announces Premium Label & Packaging Solutions’ Acquisition of Label Graphics Manufacturing, Inc.04/15/2021

Premium Label & Packaging Solutions, LLC ("PLPS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Label Graphics Manufacturing, Inc. ("LGM"). Headquartered in Rye, NY, PLPS is a group holding company for specialty label converters producing custom pressure sensitive labels, shrink sleeves and related packaging products for the health, wellness, personal care, food and beverage and other markets.…

Client Success: HMB Represents Skubana in Sale to Cloud-based Warehouse Management Systems Leader 3PL Central04/12/2021

HMB congratulates Skubana in their strategic sale to 3PL Central ("3PL"), expanding their supply chain technology and filling an important gap in the ecommerce and omnichannel ecosystem. The combination of Skubana's intelligent order orchestration with 3PL Central's extensive network of warehouses offering ecommerce fulfillment and retail replenishment is expected to open a new chapter in software, allowing companies to have…

Client Success: WorkChew Announces $2.5M Series Seed Funding Round03/30/2021

HMB would like to congratulate WorkChew and its co-founders, Maisha Burt and Allyson McDougal on a successful funding round. WorkChew, a startup that turns hotels and restaurants into on-demand flexible workspaces, raised $2.5 million. With WorkChew, company employees can access workspaces wherever they are: whether in an urban corridor or a suburb outside of a major city. Membership is often…

Aaron L. Hammer Featured in the March 2021 TMA Quarterly Newsletter03/29/2021

Aaron L. Hammer was featured on the cover of Turnaround Management Association Chicago's Newsletter of Corporate Renewal celebrating its 30 year anniversary. The newsletter celebrates the TMA's focus on growing networks, identifying business opportunities, adding to its members' knowledge base, providing leadership and having fun with great people. As Aaron said, "TMA is -- and always will be -- family.…

Karl E. Analo Chosen as a 2021 National Employment Law Council Academy Fellow03/29/2021

Karl E. Analo is one of just 30 attorneys nationwide to be chosen as a 2021 National Employment Law Council (NELC) Academy Fellow. Fellows are selected based on demonstrated excellence in the practice of management-side labor and employment law, demonstrated leadership potential, and stellar references. The NELC’s mission is to enrich the minority bar that represents management in the field…

Chris T. Lutz Discusses P.L. 86-272’s Role in the Modern Economy with State Tax Notes03/25/2021

In this article by State Tax Notes, Chris T. Lutz discusses P.L. 86-272's role in the modern economy. Download the full article here. During a March 17, 2021 panel of the American Bar Association/Institute for Professionals in Taxation virtual seminar on income tax, Chris wondered about the timing of the work group starting a few months after the 2018 South…

Jordan M. Goodman Discusses Chicago’s Guidance and Economic Nexus Safe Harbor with State Tax Notes03/25/2021

In this article by State Tax Notes, Jordan M. Goodman discusses Chicago's guidance and economic nexus safe harbor. Download the full article here. Speaking during the Virtual 2021 American Bar Association/Institute for Professionals in Taxation Advanced Sales and Use Tax Seminar on March 15, Jordan applauded the city for issuing the guidance. The city “actually did something that I have…

Sara O’Reilly Joins the Legal Podcast “Non-Compliant” to Discuss Running a Law Firm in 2021 and Why Diversity and Inclusion is Imperative for Success03/12/2021

HMB’s Chief Executive Officer, Sara E. O’Reilly was interviewed by Jay Edelson, Host of legal podcast, Non-Compliant. Their conversation spans a variety of topics including running a law firm as a non-lawyer, why firms need a 5-year plan and why Diversity and Inclusion is imperative …

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation’s Acquisition of Building Insulation Distributor03/11/2021

Specialty Products and Insulation ("SPI"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Rocky Mountain Construction Wholesale, LLC ("RMCW"). Headquartered in Charlotte, NC, SPI is a value added distributor and fabricator of mechanical and building insulation products and complementary products for commercial and industrial applications. The Company currently operates 56 distribution branches and 13 co-located fabrication facilities…

Client Success: AeroPay Raises $5M+ in Venture Round03/10/2021

HMB congratulates Aeropay, a Chicago-based digital payments platform powering bank transfer payments for businesses, and CEO and Founder Daniel Muller on announcing the closing of a $5+ million venture round. AeroPay is a next-generation payments company, reimagining the way money is moved in exchange for goods and services. Since its founding, AeroPay has operated with the goal of simplifying payments…

David A. Hughes Elected to the Chicago Tax Club Board of Directors03/02/2021

HMB congratulates David A. Hughes on being elected to the Chicago Tax Club Board of Directors. David is a partner in HMB’s State and Local Tax (SALT) Group and is a member of HMB's Board of Directors. He helps clients limit their state and local tax exposure through sensible planning and, when necessary, vigorous litigation strategies. David advises Fortune 500…

Jordan M. Goodman Discusses the Tax Injunction Act and State Tax Issues Being Filed in Federal Court with Law36002/25/2021

In this article by Law360, Jordan M. Goodman discusses the Tax Injunction Act and state tax issues being filed into federal court. Read the full article by Law360 here. The complaint by the U.S. Chamber of Commerce, Internet Association, NetChoice and Computer & Communications Industry Association, filed Feb. 18, had been widely expected, but it contained a procedural twist. It…

David A. Hughes Discusses IL Gov. Pritzker’s Pitch to Raise State Budget with Law36002/23/2021

In this article by Law360, David A. Hughes discusses Illinois Gov. J.B. Pritzker's budget plan that would reverse several tax laws that the governor signed just two years ago, including a phaseout of the state's franchise tax. Read the full article by Law360 here (subscription required). Illinois' governor proposed temporarily capping net operating losses, reducing state deductions for global intangible…

HMB Represents Ashling Partners In Growth Capital Investment by Thomas H. Lee Partners02/18/2021

Ashling Partners, LLC ("Ashling"), a professional services and technology firm, announced the closing of a growth capital investment by funds managed by Thomas H. Lee Partners ("THL"). Joshua Bresler, THL Managing Director, and Kearney Shanahan, THL Director, will join the Ashling board of directors as part of the transaction. “The investment and partnership with THL not only enables our global…

Aaron L. Hammer Discusses the Impact of COVID-19 on the Restaurant Industry and Successfully Navigating Restaurant Workouts with American Bankruptcy Institute’s (ABI) February 2021 Journal02/05/2021

In this ABI Journal article, Aaron L. Hammer discusses the impact of COVID-19 on the restaurant industry and managing Red South Beach through the crisis. Download the full article here. (more…)…

Aaron L. Hammer Discusses Gencanna’s $1.2M Lawsuit Against Pillsbury Winthrop with Law36002/04/2021

In this article by Law360, Aaron L. Hammer discusses GenCanna filing an adversary proceeding seeking $1.2 million back that the company paid to law firm, Pillsbury Winthrop Shaw Pittman LLP ("Pillsbury"). Read the full article by Law360 here (paid subscription required). (more…)…

David A. Hughes Discusses Chicago’s “Netflix Tax” with Bloomberg Law Tax01/25/2021

In this article by Bloomberg Law Tax, David A. Hughes discusses Chicago's "Netflix Tax". Read the full article here. (more…)…

Marilyn A. Wethekam Discusses the Tax Legacy of Former Illinois House Speaker Michael Madigan with Law36001/22/2021

Read the full article here (subscription required). Former Illinois House Speaker Michael Madigan was recently voted out of his leadership post, leaving a complex tax legacy to his nearly four-decade reign that included sales tax restructuring and failures to create the progressive income tax code he envisioned. Madigan, a Democrat from Chicago, ceded the gavel on Jan. 13 after House members elected…

Marilyn A. Wethekam Discusses Illinois’ Adoption of Rule with Criticized Online Sales Tax Sourcing with Law36001/19/2021

In an article by Law360, Marilyn A. Wethekam discusses the Illinois Department of Revenue's decision to carry out a law that critics say could impose a discriminatory tax sourcing regime for online sales that favors certain in-state sellers. (more…)…

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. “Should old 2020 be forgot, and never brought to mind? Should old 2020 be forgot, and auld lang syne?”[51] The Robert Burns lyrics pose…

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…

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…)…

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…

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