SBAC News

Myths & Facts about 401(k) Plans for Small Business

  401(k) For Small Businesses Contributed By: The Tandem Family of Companies Business owners recognize the importance of offering a 401(k) plan to attract and retain good employees. In a national survey conducted by Spark 401k, 94% of small business owners agreed that offering a 401(k) plan drove recruitment and retention. However, the U.S. Government … more

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Small Business Backed Ordinance Introduced to Simplify Chicago Sign Code

Today, Alderman Joe Moreno introduced an ordinance that would allow business owners to place non-structural signs and certain stickers on their windows for more than sixty-days without paying for a permit.  It would clarify current sign permit requirements and provide the opportunity for small businesses to address violations prior to being fined. This marked a great … more

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LLC Reform Update on Mighty House Radio

Over the weekend, SBAC President & Founder, Elliot Richardson, went on the Might House Radio Show and gave an update on LLC fee reform – a big win for small business. He also provided a look ahead at the 2018 legislative agenda. Listen to the interview below, featuring host and SBAC Board Member, Ron Cowgill.

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Federal Tax Reform Legislation Passes Senate – What’s Next?

The Senate passed their version of tax reform, paving the way for a conference committee to iron out the differences between it and the House package passed last month. Republican leadership remains fixed on the goal of sending a final package to the President’s desk for signature by Christmas. For more information about the two … more

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Are You Ready for Health Insurance Open Season?

ARE YOU READY FOR HEALTH INSURANCE OPEN SEASON? By: John Gotschall Thanksgiving, Black Friday, Cyber Monday and….Health Insurance Open Season? Indeed, tis the season to determine the best health plan option for your small business. The choices are not pretty, and not always easy to navigate. When selecting which plan option is a best fit … more

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#GivingTuesday for SBAC Empower

SBAC Empower is the sister organization of the SBAC. The mission of Empower is to provide tools to would-be entrepreneurs, from the basics on up, in order to navigate the obstacles facing small business owners in Illinois. Empower is participating in a #GivingTuesday campaign to raise funds to support those just joining the small business owner … more

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SBAC & Net Neutrality Coalition Respond on Cyber Monday

In response to the intention of Federal Communications Commission’s intention to hold a vote repealing current net neutrality rules in December, the SBAC joined with coalition partners around the country in signing the letter below to FCC Chairman, Ajit Pai. The SBAC is committed to preserving equal access to the internet for both consumers and small businesses. The … more

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Illinois Senate’s Surprising Failure to Override Governor’s Veto of Equal Pay Bill

ILLINOIS SENATE’S SURPRISING FAILURE TO OVERRIDE GOVERNOR’S VETO OF EQUAL PAY BILL By: Jason Tremblay As a follow up to a previous post, Illinois Equal Pay Act Likely to be Amended to Prohibit Salary History Inquiries, and in a surprising turn of events, the Illinois Senate did not overturn Governor Bruce Rauner’s veto relating to … more

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Protect Your Business & Employees from Sexual Harassment

PREVENTING SEXUAL HARASSMENT AT YOUR BUSINESS By: Arthur  Ehrlich As allegations of sexual harassment dominate headlines from Hollywood to the State Capitol, it is important to understand what actually constitutes sexual harassment and how to protect your business and employees. Sexual harassment generally falls into two categories: quid pro quo sexual harassment, when a supervisor … more

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LLC Fee Reform Legislation Passes Senate 55-0

SB 867, legislation spearheaded by the SBAC to lower LLC fees, passed the Illinois Senate last night with unanimous support by a vote of 55-0! The bill is now headed to the desk of Governor Bruce Rauner for his signature. The Governor previously indicated his support for the measure and we are working directly with … more

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