Practice Area
Business Formation
Starting a new business involves numerous legal considerations. Our attorneys provide guidance on the various aspects of business formation.
What We Handle
These are some of the areas we cover — our experience extends beyond this list.
- Selecting the appropriate business structure (e.g., LLC, corporation, partnership)
- Drafting and filing necessary formation documents
- Compliance with state and federal regulations
- Drafting operating agreements and bylaws
- Securing necessary licenses and permits
Our Approach
We help entrepreneurs and business owners establish a solid legal foundation for their ventures, ensuring compliance and positioning them for long-term success.
Common Questions
It depends on your situation. LLCs offer flexibility in management and pass-through taxation, making them popular for small businesses. Corporations may be better if you plan to seek outside investors or go public. We analyze your specific needs to recommend the best structure.
While not legally required, working with a lawyer helps you avoid costly mistakes. We ensure your entity is properly formed, your operating agreement protects your interests, and you comply with all state and federal requirements from the start.
An operating agreement should cover ownership percentages, profit and loss distribution, management structure, voting rights, procedures for adding or removing members, and dissolution terms. Even single-member LLCs benefit from having one.
Filing with the Illinois Secretary of State typically takes 5-10 business days for standard processing. Expedited processing is available for an additional fee. We can have your formation documents prepared within a few days of our initial consultation.
Ready to Start Your Business?
Schedule a free consultation to discuss your business formation needs.