SFNR

Forward Thinking Strategic Counsel

SFNR

Forward Thinking Strategic Counsel

SFNR

Forward Thinking Strategic Counsel

Delivering exceptional value, listening to client objectives and diligently protecting their interests.

Schoenberg Finkel Newman & Rosenberg, LLC is a business-focused law firm with deep roots in Chicago. Since 1946, we’ve consistently been true to our founding principle: long-lasting client relationships based on trust, communication and responsiveness, paired with exceptional legal counsel.

Our clients range from public corporations to entrepreneurs, with an emphasis on representing small to mid-sized businesses.

TO LEARN MORE ABOUT THE FIRM’S NATIONAL SALES REP PRACTICE OR OUR
SUCCESSFUL PROPERTY TAX REDUCTION WORK, PLEASE CLICK BELOW.

Newsworthy Preview

Lawmakers target meat substitutes and labeling

Allegedly concerned with “confusing” the public, certain states and the federal government have proposed or enacted legislation requiring meatless food manufacturers to avoid using meat-related terms on their labels. Just as demand for plant-based foods soars, driving...

Firm Move Announced for 2020

In September 2020, SFNR will relocate its offices for the first time since the early 1970s. SFNR just entered into a new lease calling for the firm to move into “The 300,” a recently renovated downtown office tower at 300 S. Wacker Dr. in the hot southwest Loop. ...

SFNR Celebrates the “Beauty” of a Big Case Win

SFNR prevailed on a fraud claim in the U.S. District Court for the Northern District of Illinois. On behalf of a leading distributor of beauty products, SFNR asserted claims for common law fraud and fraudulent concealment against a longtime industry professional who...

Empowered sales rep protects his contract rights; delivers strong jolt to breaching principal

William Valle’s commission lawsuit against Powertech Industrial Co. Ltd. offers a little bit of everything.

Two versions of a contract, changing commission rates, enforceability questions, and the duty of good faith and fair dealing are all raised in this dispute. (So too is the perennial employee v. independent contractor battle, but that part of their contest will be saved for another day.)

Non-interest bearing parent/child loans

Question: I loaned a sizeable sum to my daughter to enable her to purchase a residence.  While I expect to be repaid, there is no specific time for repayment and no interest will be paid on the loan.  What are the tax consequences of this arrangement?