Knowing which type of entity to form is a crucial step in starting a business, requiring an in-depth understanding of the tax implications, exposure to liability, and flexibility for management and control among the various Subchapter C and Subchapter S corporations, limited liability companies (LLCs), and types of partnerships under which a business may be operated. This pivotal decision impacts not only tax and legal liabilities, but ultimately the profitability of the business. We can advise you on the advantages and disadvantages of each business structures including the following:
- Limited Liability Companies
- Limited Liability Partnerships
In addition to several areas of law, our attorneys include experienced business people who have helped numerous companies raise capital, grow, and develop. By working with you to identify exactly what type of business you wish to run, our attorneys can help you determine which corporate form will best meet your needs. We can then draft and file the appropriate documents to get your business started on the right foot.
Business Transactions Lawyers
Your business may well be your largest asset, and as such, it will be a major part of your estate. Preserving the health of your business and its assets is essential to your wellbeing and that of your family and employees. By developing a close, long-term relationship with an experienced business transactions attorney, you will ensure that you have chosen the most favorable form of business entity, that your business is up to date on all filings, and that you will always have experienced representation in contractual matters and business dispute litigation. No matter what type of business you are in, you will likely be dealing with contracts regularly, whether with employees, customers, contractors, subcontractors, vendors, lenders, suppliers, or distributors.
At Lake Cook Law Group, we can help you negotiate, draft, execute, and review contracts to make sure your interests are fully protected and to minimize the likelihood of future disputes. When disputes do arise, our attorneys work to resolve them as quickly and efficiently as possible, whether through alternative means of dispute resolution such as mediation or arbitration, or through traditional litigation in the courts.
While we will do everything we can to prevent future litigation, our business law attorneys will represent you if an employee, supplier, or partner decides to sue your organization. Business law is complex, requiring an experienced attorney who is knowledgeable about the latest business laws. We are dedicated to our business clients and aggressively defend them in court. Many times, successfully litigating a case can mean the difference between a business surviving and a business closing.