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Illinois and Indiana Business Entity Formations

The formation of a business in Illinois or Indiana can come with its own set of challenges. An experienced Illinois or Indiana business law attorney can help you create and organize a business entity. Seeking legal guidance can help you grow and navigate any legal risks your business may face in DuPage, Kane, and Will counties, as well as Porter, LaPorte, and Lake counties. There are many Illinois and Indiana business entity alternatives to explore when establishing your new business.

Illinois and Indiana Corporation

A corporation is a legal entity owned by shareholders who are not personally liable for the business’s debts. Depending on your business operations, ownership and management, the corporate structure may be an ideal fit for you.

Illinois and Indiana Limited Liability Company (LLC)

Similar to a corporation, a limited liability company insulates its owners from personal liability when adequately organized. Additionally, different characteristics customize it to a client’s needs. We have provided numerous clients with assistance when forming an LLC, tailoring an operating agreement, and structuring its management.

Illinois and Indiana Partnerships

Just as there are several options for organizing a business, there are several types of partnerships, including:

  • General partnerships
  • Limited partnerships
  • Family limited partnerships
  • Limited liability partnerships (LLPs)

At the Law Offices of Edward P. Graham, Ltd., our business law attorneys in our Naperville and Indiana offices can assist in determining the best type of partnership for your business needs and prepare partnership agreement(s) designed to meet your specific requirements across Illinois and Northwest Indiana.

Illinois and Indiana Not-for-Profit Business Formation

A not-for-profit entity is an organization formed to serve the public or purposes other than the pursuit or accumulation of profits. Our dedicated business law attorneys have successfully assisted numerous clients in structuring not-for-profit organizations. Our Illinois and Indiana business law attorneys will support your pursuit of tax-exempt status with the Internal Revenue Service.

The Law Office of Edward P. Graham, Ltd. has assisted clients like you and your loved ones for nearly 30 years and understands and implements successful strategies in estate planning, business lawIllinois/Indiana litigation, probate, family law, and real estate law. We urge you to contact our Naperville office to learn more about how we can help meet your business law and entity formation needs in DuPage County, Will County, Kane County, and other surrounding counties in Illinois. Contact our Northwest Indiana office to address your business law needs if you live in Porter County, Lake County, and LaPorte County in Indiana.

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