Richard A. Sugar organizes the legal affairs of his clients to minimize risks, maximize returns, and preserve wealth. With the benefit of more than 39 years of legal experience, Richard approaches every client engagement providing highly personal service while searching for fresh, innovative ideas to solve his clients' most pressing problems quickly. Richard is one of the founding partners of the firm, the firm's Managing Partner, and a member of the firm's Executive Committee.
Honors
Selected by peers as a Leading Lawyer in: Closely & Privately Held Business Law; Individual and Business Tax Law; Trust, Will & Estate Planning Law (2012-2020)
Selected for inclusion in Illinois Super Lawyers in Estate Planning & Probate; Business/Corporate, Mergers & Acquisitions (2005-2013, 2015-2020)
Martindale-Hubbell AV Preeminent Rated, Chicago's Top Rated Lawyers, Business and Commercial (2012); 5.0/5.0 Overall Client Rating – Martindale.com
Publications
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05/04/2020
Richard Sugar publishes “PPP Loan Forgiveness Rulebook Outline – First Edition” to help business owners get a jump-start on planning for PPP loan forgiveness
Richard Sugar publishes “PPP Loan Forgiveness Rulebook Outline – First Edition” to help business owners get a jump-start on planning for PPP loan forgiveness.
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03/22/2020
Richard Sugar authors "A STAY-AT-HOME MAP FOR TRACING THE CORONOVIRUS EMPLOYMENT COSTS AND TAX BENEFITS “FAMILIES FIRST CORONAVIRUS RESPONSE ACT”"
SFGH’s Richard Sugar describes Congress’ intent in passing the “Families First Coronavirus Response Act." He describes how the Act provides benefits of tax credits to employers and self-employed’s to offset the costs for the newly created sick pay mandates, and the scope of those sick pay mandates in light of the inability to work because of the Coronavirus. This description is helpful for employers, sole proprietors, partners, LLC members, and S Corporation shareholders who work in their business, and their professional advisors.
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12/12/2019
Richard Sugar authors article entitled "When Is a Person or Trust an Illinois Resident?"
In his article entitled "When Is a Person or Trust an Illinois Resident?," Richard lays out a roadmap for snowbirds, transplants, temporary visitors, and trusts to navigate intersections of Illinois income and estate taxes.
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11/08/2019
Richard Sugar authors article entitled "Fixing Financial Planning Oversights - Get Ready for 2020"
In Richard Sugar's annual edition of "Spoonful of Sugar," Richard recounts his experience with clients and potential clients and describes the top ten financial planning oversights he has observed over the years.
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11/08/2019
Richard Sugar publishes article in Financial Poise entitled "Will an Unapologetic Tax Hike Affect Your 401(k) or IRA Beneficiaries?"
Richard Sugar recently authored an article describing the 2019 actions taken in both the US House and Senate to backdoor a tax hike on IRAs and 401ks by requiring accelerated payouts of retirement benefits. Click here to read more.
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07/18/2017
Henry Krasnow, Richard Sugar and David Madden author article entitled “The New Reality of Federal Litigation” on the Financial Poise website.progress.
On July 18, 2017, Financial Poise published an article written by Henry Krasnow, Richard Sugar and David Madden entitled “The New Reality of Federal Litigation.” The article discusses changes to longstanding Federal discovery rules and addresses how the adoption of these new rules impact how lawsuits progress.
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07/14/2017
SFGH Client Alert: The New Reality of Federal Litigation and Changes to Longstanding Discovery Rules
"The New Reality of Federal Litigation,” a SFGH news alert, discusses changes to longstanding Federal discovery rules. The article, drafted by Richard Sugar, Henry Krasnow and David Madden, addresses how the adoption of these new rules impact how lawsuits progress.
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02/11/2016
SFGH Attorneys Named 2016 Illinois Super Lawyers
Leading attorney rating service recognizes SFGH lawyers.
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12/22/2015
Holiday Greetings and some helpful 2015 year end reminders
This holiday season we wanted to pass along some helpful 2015 year end reminders
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08/13/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled "What's the right verdict for Beanie Babies billionaire?"
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled "What's the right verdict for Beanie Babies billionaire?"
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07/02/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled " Who is the villain, who is the hero in the AIG case?"
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled "Who is the villain, who is the hero in the AIG case?"
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05/14/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “Are you ready for some taxes?”
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “Are you ready for some taxes?”
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04/29/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “Young LFHS entrepreneurs are poised for success”
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “Young LFHS entrepreneurs are poised for success”
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04/08/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled "Why are taxes so complicated, anyway?"
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving money, taxes and the law, entitled, “A Spoonful of Sugar-Tastings of Money, Taxes and the Law.”
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03/16/2015
Richard Sugar published in 2015 ISBA newsletter on Trusts and Estates
The March 2015 issue of the Illinois State Bar Journal Association Trusts and Estates Newsletter features an article by Richard Sugar entitled, "The implications of political positions on tax reform for estate planning."
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03/05/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “One last time Ernie Banks swung and missed”
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving money, taxes and the law, entitled, " A Spoonful of Sugar-Tastings of Money, Taxes and the Law."
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02/05/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “Watch out: Ponzi scheme on steroids”
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving money, taxes and the law, entitled , "A Spoonful of Sugar."
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01/01/2015
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “Know how companies protect us from cyberattacks”
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving money, taxes and the law, entitled, "A Spoonful of Sugar."
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12/04/2014
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “The two faces of bitcoin”
Richard Sugar, a regular columnist with the Pioneer Press, recently authored an article entitled "The two faces of bitcoin," which addresses the considerable tax implications associated with the electronic currency.
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11/06/2014
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “A veteran takes on the IRS: Why tax cases are not boring”
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column, entitled, "A Spoonful of Sugar."
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10/16/2014
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “A dog, a human life and the law”
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving money, taxes and the law, entitled, "A Spoonful of Sugar."
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09/28/2014
Richard A. Sugar featured in Leading Lawyers Magazine
The October 2014 edition of Leading Lawyers Magazine - Business Edition includes a comprehensive three-page profile of Richard A. Sugar.
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08/28/2014
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled "A Gem of a Name"
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving money, taxes and the law, entitled, "A Spoonful of Sugar."
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08/14/2014
Richard Sugar publishes latest article as monthly columnist with Pioneer Press entitled "The Rule of Law"
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving money, taxes and the law, entitled, "A Spoonful of Sugar."
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07/03/2014
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled “One thing is certain: taxes matter”
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving finances, taxes and the law, entitled "A Spoonful of Sugar." -
06/05/2014
Richard Sugar publishes latest article as monthly columnist with Pioneer Press, entitled, "Eavesdropping, Privacy and Face Recognition, Oh My!"
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues involving finances, taxes and the law, entitled "A Spoonful of Sugar."
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05/01/2014
Richard Sugar publishes article as monthly columnist with Pioneer Press, entitled "We Live in the Sensory Age"
Richard Sugar curerntly serves as a regular columnist with the Pioneer Press, authorizing a monthly column on issues of money, taxes and the law, entitled, "A Spoonful of Sugar."
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04/03/2014
Richard Sugar publishes article as monthly columnist with Pioneer Press, entitled, "Poor Planning by Celebs Can Lead to Lesser Inheritance"
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues such as finances, taxes and the law, entitled, "A Spoonful of Sugar."
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03/06/2014
Richard Sugar publishes article as monthly columnist with Pioneer Press, entitled "The Trouble with Shopping In-Store Versus Online"
Richard Sugar currently serves as a regular columnist with the Pioneer Press, authoring a monthly column on issues related to finances, taxes and the law, entitled, "A Spoonful of Sugar."
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02/06/2014
Richard Sugar publishes third article as monthly columnist with Pioneer Press, entitled "Beating the Sales Tax Game - or Not"
Richard Sugar's third article as a regular columnist with the Pioneer Press was entitled "Beating the Sales Tax Game - Or Not," and addressed sales tax dilemmas in the Chicagoland area.
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01/09/2014
Richard Sugar publishes article as monthly columnist with Pioneer Press, entitled "Game-Changing Laws for 2014"
Richard Sugar's newest article as part of his regular column with the Pioneer Press looks at what 2013 changes in the law will most affect 2014. -
12/12/2013
Richard Sugar to serve as monthly columnist with Pioneer Press tackling issues on money, taxes and the law
Richard Sugar will serve as a regular columnist with the Pioneer Press, authoring a monthly column on issues concerning money, taxes and the law.
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09/24/2013
Richard Sugar published in Illinois State Bar Association Newsletter on the enforcement of non-compete agreements in Illinois
In this article in the September, 2013 edition of the Illinois State Bar Association newsletter, Richard Sugar discusses recent Illinois Appellate Court cases that shape the landscape in Illinois regarding the lengths to which employers can go to protect their customers, clients, patients, and marketplace from competition originating from former employees.
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07/18/2013
The Windsor Supreme Court Decision Creates New Rules for Same-Sex Couples
In this article in the August, 2013 edition of the Illinois State Bar Association newsletter, Richard Sugar discusses of the impact on same-sex married couples of the Supreme Court's ruling in United States v. Windsor striking down the provisions of the Defense of Marriage Act defining marriage solely as a legal union between one man and one woman as husband and wife.
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06/24/2013
Ten Sugar Felsenthal Grais & Hammer Attorneys Honored as Leading Lawyers
Ten attorneys at Sugar Felsenthal Grais & Hammer LLP have been recognized by Leading Lawyers Magazine for their selection by their peers as top lawyers in Illinois.
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01/16/2013
Sugar Felsenthal Grais & Hammer LLP Named Among 2013's Top Ranked Law Firms by LexisNexis® Martindale-Hubbell®
Sugar Felsenthal Grais & Hammer LLP has been named one of 2013's Top Ranked Law Firms across the United States by LexisNexis® Martindale-Hubbell®.
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12/08/2010
Holiday Gift 2010 - Part II - Estate and Gift Tax Update
Our estate planning attorneys discuss opportunities to reduce estate and gift taxes at the end of 2010.
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05/03/2010
New Rules and a Glimpse of the Future (The Health Care Act and the HIRE Act)
In this article, the authors provide a summary of some of the key provisions of recently enacted legislation and other changes taking effect after the end of 2010.
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01/20/2010
Dealing with the New "See-Saw" Rules of Estate Planning
In this article, our attorneys discuss recent economic uncertainty due to Congress' failure to act before the end of 2009 to eliminate a confusing set of see-saw tax rules.
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08/20/2009
New Rules for Purchases, Savings, Investments, and Business Incentives – Part IV (2009 - 2010)
In Part IV of "New Rules for Purchases, Savings, Investments, and Business Incentives," our tax attorneys discuss recent changes in tax laws that provide certain benefits to businesses which can help contribute to the bottom line.
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08/12/2009
New Rules for Purchases, Savings, Investments, and Business Incentives – Part III (2009 - 2010)
In Part III of "New Rules for Purchases, Savings, Investments, and Business Incentives," our tax attorneys discuss recent changes in tax laws that impact the way investors view certain investments.
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08/05/2009
New Rules for Purchases, Savings, Investments, and Business Incentives – Part II (2009 - 2010)
In Part II of "New Rules for Purchases, Savings, Investments, and Business Incentives," our tax attorneys discuss recent changes in the law that have increased protection that the federal government offers to savings, checking, and other deposit accounts.
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07/29/2009
New Rules for Purchases, Savings, Investments, and Business Incentives – Part I (2009 - 2010)
In Part I of "New Rules for Purchases, Savings, Investments, and Business Incentives," our tax attorneys discuss recent changes in the law that afford special benefits that should be considered when purchasing or improving a home or when purchasing a car.
Speaking Engagements
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05/25/2017
Richard Sugar volunteers as judge for Lake Forest High School annual Pitch Night.
For the third year, partner Richard Sugar has volunteered as a judge for the Lake Forest High School Entrepreneurship classes. He evaluates the business plans for young students, identifying issues they overlooked and advising them on ways to succeed in their business plans and obtain investment funding at the culmination of the school program-annual Pitch Night.
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09/21/2015
Richard Sugar and Mitchell Feiger speak at Finance Forum sponsored by Collegiate Entrepreneurs Organization
On Monday, September 21, 2015, Richard Sugar, and Mitchell Feiger, CEO and president of MB Financial, a dominant publicly traded mid-market bank serving the Chicago area, spoke at a Finance Forum targeted to students in the business entrepreneurial program at Lake Forest College.
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02/27/2014
Richard Sugar appointed Chairman of Advisors Network for the Lake Forest Business Accelerator
In January 2014, Richard Sugar of Sugar Felsenthal Grais & Hammer LLP was appointed Chairman of the Advisors Network for the Lake Forest Business Accelerator, a public-private business incubator.
News
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05/09/2019
Jonathan P. Friedland, Howard M. Helsinger, Christopher J. Horvay, Matthew B. Schiff, Richard A. Sugar and Elizabeth B. Vandesteeg selected as 2019 Illinois Super Lawyers
SFGH congratulates Jonathan P. Friedland, Howard M. Helsinger, Christopher J. Horvay, Matthew B. Schiff, Richard A. Sugar and Elizabeth B. Vandesteeg for being selected as 2019 Illinois Super Lawyers by Super Lawyers Magazine.
Civic & Professional
- Business Advisors Network, Lake Forest Business Accelerator
- Monthly Columnist, Chicago Tribune Media Group, A Spoonful of Sugar - Tastings of Money, Taxes, and the Law.
- American Technion Society - Planned Giving Committee
- Ann and Robert H. Lurie Children’s Hospital of Chicago Legacy Partners
- Midwest Young Artists, President Emeritus, Former President, and Board of Directors
- Formerly Chicago Society of Clubs, Governing Board, Chairman of Community Public School Improvement Committee
- Formerly Commerce magazine, Small Business Division Editorial Board
- Formerly Illinois Small Business Growth Corporation, board of directors (nominated by Governor Thompson)
- Formerly Independent Business Association of Illinois, Executive Vice President and Board of Directors
- Formerly U.S. Securities and Exchange Commission, Government Business Forum on Small Business Capital Formation, Delegate
- Formerly White House Conference on Small Business, Alternate Delegate
- Formerly Illinois Lieutenant Governors Conference on Small Business, Delegate and Legal Counsel
Richard A. Sugar's recent or notable engagements and experience includes:
- Represented a father and helped him to organize a family enterprise. Because of careful estate, tax, and business planning, the enterprise successfully transitioned to two sons, after the death of the father, with no disputes involving other family members, no business disruption, and little tax cost. The engagement continued as the enterprise grew to many times its original size, ultimately being sold to a public company in a heavily negotiated transaction for a great deal of money, and the sons retained key positions with the acquirer.
- Assisted a first generation family-owned industrial parts distribution company in passing the business successfully to second generation family members, with sound financial and tax consequences and no intra-family controversy.
- Represented a singularly renowned professional practice that grew from a single professional to a multi-member professional group, creating an equity and compensation structure that balanced interests of founders and newcomers, and furthered the progress of the practice after the founders began to retire.
- Assisted an entrepreneur in creating an IT company, assisted the entrepreneur in obtaining funding, and negotiated a long term license, support, and development relationship with a public company which is dominant in its industry.
- Helped an out of state food manufacturer to enter the local regional market, establishing and owning local production facilities.
- Represented developers and managers of real estate, including shopping centers. Doing so included obtaining financing for the projects, title clearance for the projects, and structuring of ownership for maximum tax advantage.
- Strategically managed the prosecution of enforcement of restrictive covenants against employees who terminated employment with their employer and then violated their employment agreements by diverting customers and business.
- Negotiated high level, key executive employment contracts for employees in connection with their employment by public institutions and major public companies, paying attention to such issues as incentive compensation, options, deferred compensation, fringe benefits, and restraints on post-employment behavior.
- Strategically managed Federal court action against the U.S. Government for breach of a supplier contract. The strategy not only was successful in favor of the supplier, but the supplier recovered attorneys’ fees from the Government, for the Government’s unreasonable defense of the supplier’s action.
- Prepared an estate tax return for a wealthy decedent client with a large array of assets, and then defended the tax return at IRS audit. The audit was unagreed and ended up in tax court, where a favorable result for the taxpayer and the taxpayer’s family, over the issues of valuations and tax deductions, was obtained through a negotiated settlement.