Franchise Tax

Better Perception Gained through unique knowledge and individual attention

Not every state considers franchise taxes with the same significance. Many do not consider them significant revenue generators. In a few, liabilities can be in the millions of dollars. The Illinois Franchise Tax is unique and falls squarely in the latter category.

Our reputation for efficiently resolving complex Illinois Franchise Tax matters is a result of a proven track record and trusted professional relationship with the Secretary of State’s Office. We have extensive experience reinstating corporations, resolving allocation issues, identifying and registering for various state franchise taxes and defending you against the often-archaic rules that generate disproportionate liabilities.

Outside of Illinois, we draw on the knowledge of our extensive multistate tax practice to address franchise tax issues nationwide.

Areas of Focus:

  • Computation of paid-in capital
  • Apportionment of paid-in capital
Jordan M. Goodman - a man in a suit, smiling at the camera
Jordan M. GoodmanPartner | Board of Directors
David A. Hughes - a man in a business suit, smiling at the camera
David A. HughesChair | State and Local Tax Group
Fred O. Marcus - a man in a business suit, smiling at the camera
Fred O. MarcusOf Counsel
500 West Madison Suite 3700
Chicago IL 60661

Phone: 312-606-3200 Fax: 312-606-3232
© HMB Legal Counsel 2024. All Rights Reserved.