We generally handle any type of business-related dispute in Illinois or under Illinois law. This would include litigation, arbitration or informal disputes related to advertising, business theft, employment, contracts, shareholders and other fiduciaries, defamation, business interference, non-compete, intellectual property, real estate, collections and other areas.

One of the main purposes of incorporating is to shield the owners of the business from the debts and creditors of the business. In general, a properly formed and maintained entity will act to shield its owners from liability. However, there are several ways in which this protection could be lost. A professional cannot use an entity to shield himself/herself from their own negligence or malpractice. An officer or director may be personally liable to the business itself, other owners or even third parties for improper distributions or other actions which involve a breach of fiduciary duty. A business which is used for an improper purpose, such as to defraud creditors, may be ‘pierced’ to allow creditors to reach the assets of owners. A business which is insufficiently capitalized may also be subject to being pierced. There are certain business structures which do not provide the owners with any protection from liability. If a business makes fraudulent or otherwise improper transfers to owners after knowing of a claim against the business, this could also lead to the owner becoming liable.

As a respected law firm, we understand that each real estate case is unique, with its own set of complexities and requirements. Determining the cost of legal representation is a highly individualized process, and we are committed to providing personalized attention to every client.

To provide you with an accurate estimate, we invite you to schedule a consultation with one of our experienced attorneys. During this initial meeting, we will carefully assess your specific needs and discuss the details of your case. Our goal is to offer you transparent, fair, and customized legal services, and the consultation will allow us to present you with a tailored estimate.

We value your trust and are dedicated to helping you navigate the legal aspects of your journey. Please contact our office to arrange a consultation, and we will be delighted to assist you.

Before anything else, consider what type of business entity is right for the business type. There are sole proprietorships, partnerships, corporations, and limited liability corporations (LLCs). The size and type of business being conducted will help to determine which type of business entity will be the best fit. There are different advantages and disadvantages to each type of business entity. Allocation of profits and losses among the owners is another concern if the business is going to have more than one owner. Then there is also the matter of determining how much employees are to be paid and drafting any types of employment agreements employees are to sign upon accepting employment with the company. All these decisions can have effects that last throughout the life of the business, so it is important to make the right ones from the start. Contact an attorney experienced in Business Law today for assistance in determining the right business entity, drafting necessary documents, and answering tough questions.