Buy-Sell AgreementsAs a business owner, you can safeguard the future of your company by securing a buy-sell agreement. Also known as a buyout agreement, this legally binding agreement between co-owners of a business dictates what happens should the co-owner die, is forced to leave the business or chooses to leave the business.Having a buy-sell agreement in place allows the company and remaining owners to protect themselves from disruption of operations, dissolution or liquidation as the result of an owner’s sudden incapacity, death, retirement. Such agreements can be set up to be funded in a number of ways, including cash, borrowing, installment sale or with a life insurance or disability insurance policy. The risk management professionals at First Baldwin Insurance can put their expertise to work for you to find the best solution for your situation.Some important decisions a buy-sell agreement governs include:Who can purchase a departing partner’s or shareholder’s portion of the businessWhat events will trigger the buyout (most commonly an owner’s death, disability or retirement)What the purchase price is for the partner’s or shareholder’s interest in the business Overall Rating / Total TestimonialsFirst Baldwin Insurance Great customer service Timely handling of my business Excellent service

It's was fine and professional Very helpful, very informative, great experience They are a good company. Artis was very helpful he gave me options to fit my budget and went above and beyond to make me VERY satisfied. Very customer driven and focused team. I have brought in many new families to the area and connected them. I get flyers and offers weekly from other companies and First Baldwin has our back. They were very helpful and a very friendly . I will recommend to anyone. Sort Reviews by: Date or Rating Leave Us a ReviewWe've found that customer reviews are very helpful in keeping our business thriving. We would truly appreciate a review from you!Visit your preferred site to leave a review or comment:At the time you apply for an Illinois title with the Secretary of State for a vehicle you purchased, leased, or acquired by gift or transfer, you are required to submit either payment of tax or proof that no tax is due before your vehicle can be titled. (Here, the term “vehicle” refers to cars, trucks, vans, motorcycles, ATV’s, trailers, and mobile homes [house trailers].

The Illinois Department of Revenue is responsible for administering the collection of tax and providing the necessary tax forms. You must make separate payments for tax due and title fees. Make your tax payment payable to the Illinois Department of Revenue and your payment for title fees payable to the Secretary of State.motorcycle superstore little rock One of the following forms must be used to pay tax or prove that no tax is due:michelin motorcycle tires power pure Note: For more detailed information, refer to the instructions provided with each return.motorcycle helmets for sale in tampa fl The tax return you are required to file has a specific due date. motorcycles for sale bensalem

You should file your tax return and pay any tax due by that date to avoid penalty and interest charges even though you may not be able to complete your application for title. To do so, you may submit your tax return and any tax payment either to the Illinois Office of the Secretary of State or directly to the Illinois Department of Revenue. gsxr for sale missouriWhen you pay the tax, please make sure you receive your copy of the tax return with an indication (such as a receipt stamp or a label) that your tax return has been filed. pocket bikes for sale 110ccWhen you are ready to complete your title forms, you will need to submit your copy of the tax return to the Illinois Office of the Secretary of State as proof that you have filed your tax return. You must use Form RUT-50 to report your purchase (or acquisition by gift or transfer) of a vehicle from an individual or other private party who is not a retailer of vehicles.

Note: The purchase (or acquisition by gift or transfer) of a trailer or mobile home from an individual or other private party who is not a retailer of vehicles is not subject to this tax and does not require a tax form when you apply for title. When an Illinois resident purchases a vehicle from an out-of-state dealer and will title the car in Illinois, the sale and subsequent tax due is reported on Form RUT-25 when you bring the vehicle into Illinois. You should attach a copy of the bill of sale as proof of the purchase price. If you are leasing the vehicle from an out-of-state retailer, you must use Form RUT-25-LSE to report the transaction. Attach a copy of the bill of sale or lease contract, as appropriate, as proof of the selling price and of any tax previously paid. If you cannot obtain the proper documentation, you may submit a letter from the leasing company or selling dealer. If you originally purchased your vehicle from a dealer, lending institution, leasing company, or other retailer, you must use Form RUT-25 when you bring the vehicle into Illinois.

You should attach a copy of the bill of sale or other proof of the purchase price. If you had the vehicle titled in another state for more than three months, no Illinois tax is due, but you still must file Form RUT-25 to reflect that fact. If you are leasing the vehicle from an unregistered out-of-state retailer, you must use Form RUT-25-LSE to report the transaction. If you originally purchased (or acquired by gift or transfer) your vehicle from an individual or other private party, you must use Form RUT-50 when you bring the vehicle into Illinois. If you had the vehicle titled in another state for more than three months, no Illinois tax is due, but you still must file Form RUT-50 to reflect that fact. On Forms RUT-25 and RUT-50, the exemption for using the vehicle outside Illinois for more than three months applies only to individuals moving into Illinois. It does not apply to businesses, leasing companies, lessees moving into Illinois, or military persons whose home of record is in Illinois.

In these situations, tax is due; however, a reasonable allowance of depreciation for prior out-of-state use is allowed. These forms generally are obtained when you license and title your vehicle at a local driver's license facility or currency exchange. Do not make copies of the forms prior to completing. These forms have unique transaction numbers that should not be duplicated. Doing so could delay processing. As the owner of the vehicle, the lessor generally is liable for Illinois Use Tax and responsible for filing and paying this tax using Form RUT-25-LSE when the vehicle is brought into Illinois. However, you, the lessee, may be required to assume this responsibility. If you must do so, you should attach a letter from the leasing company or a copy of the lease agreement to Form RUT-25-LSE as proof of the purchase price and tax previously paid to another state. This form generally is obtained when you license and title your vehicle at a local driver's license facility or currency exchange.

If the out-of-state leasing company is registered with the Illinois Department of Revenue to collect Illinois tax, then Form ST-556 is used to report the purchase. Generally, the out-of-state leasing company will complete and file this tax return along with the required title forms for you. If the out-of-state leasing company is not registered, you will be required to report your purchase. To do so, you must use Form RUT-25. Since Form RUT-25 is due no later than 30 days after the “date (the vehicle is) brought into Illinois” and you already have possession of the vehicle in Illinois, use the actual purchase date for both the “purchase date” and the “date brought into Illinois” on the return. Generally, the dealer will complete and file the proper tax return along with the required title forms for you. The dealer will use Form ST-556 to report your purchase. If the Illinois leasing company, lending agency, or other retailer is registered with the Illinois Department of Revenue to collect Illinois tax, then Form ST-556 is used to report the purchase.