The formation of a business in Illinois can come with its own set of challenges. An experienced Illinois business law attorney can help you form a business entity. Seeking legal guidance from an experienced business lawyer can help you manage your business growth and navigate the ever-changing legal landscape that your business may face in Naperville, Chicago, and surrounding Illinois communities. There are many Illinois entity choices to explore when forming your new business.
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 Limited Liability Company (LLC)
Similar to a corporation, a limited liability company insulates its owners from personal liability when properly organized. Additionally, different characteristics make it more suitable to a client’s needs. Our office has provided numerous clients with assistance in forming their LLC, tailoring their operating agreement, and structuring its management.
Illinois General Partnership
Just as there are several options for organizing a business, there are several types of partnerships, including general partnerships, limited partnerships, family limited partnerships, and limited liability partnerships (LLP’s). At the Law Offices of Edward P. Graham, Ltd., our Naperville business law attorneys can assist in determining the best type of partnership for your business needs and prepare partnership agreement(s) designed to meet your specific requirements.
Illinois Not-for-Profit Business Formation
A not-for-profit entity is an organization formed to serve the public or for purposes other than the pursuit of the accumulation of profits. Our dedicated business law attorneys have successfully assisted numerous clients in creating the structure necessary for the proper functioning of a not-for-profit organization. If tax-exempt status with the Internal Revenue Service, our Naperville business law attorneys will assist in that objective too.
The Law Office of Edward P. Graham, Ltd. is here to help you and your loved ones understand Estate Planning, Business Law, Illinois Litigation, Probate, Family Law, and Real Estate Law. We welcome you to contact our Naperville law firm to learn more about how we can help meet your business law needs from Naperville to Chicago including all of DuPage County and Will County.