Top Summit, IL Business Organizations Lawyers Near You
A law firm focused on businesses for over 30 years, and who will have your best interests in mind.
Business Organizations Lawyers | Serving Chicago & Suburbs, IL
Starting a New Business? Buying an Existing One? We Provide Experienced Hands-On Legal Support throughout the Life of Your Business to Help You Achieve Sustainable Growth & Success
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736 N. Western Avenue, Suite 353, Lake Forest, IL 60045-1820
8012 W Lincoln Hwy, Suite 1, Frankfort, IL 60423
1725 South Naperville Road, Suite 205, Wheaton, IL 60189
1001 Warrenville Road, Ste 500, Lisle, IL 60532
3030 Salt Creek Ln, Suite 330, Arlington Heights, IL 60005
354 Hollow Hill Rd, Wauconda, IL 60084
1580 N Northwest Hwy, Suite 312A, Park Ridge, IL 60068
20 N. Clark St., Ste 3300, Chicago, IL 60602
227 W Monroe St, Suite 4700, Chicago, IL 60606
111 S. Wacker Drive, Suite 4700, Chicago, IL 60606
100 North Riverside Plaza, Suite 1500, Chicago, IL 60606
180 N. LaSalle Street, Suite 2215, Chicago, IL 60601
745 McClintock Dr, Suite 340, Burr Ridge, IL 60527
208 South LaSalle Street, Suite 1750, Chicago, IL 60604
200 West Madison Street, Suite 3200, Chicago, IL 60606
225 W. Washington, Suite 1300, Chicago, IL 60606
216 W. Higgins Road, Park Ridge, IL 60068
224 South Michigan Avenue, Suite 1100, Chicago, IL 60604
55 West Monroe Street, Suite 1800, Chicago, IL 60603
85 W. Algonquin Road, Suite 420, Arlington Heights, IL 60005
55 W. Monroe, Suite 1925, Chicago, IL 60603
2000 West Galena Boulevard, Suite 305, Aurora, IL 60506-4485
70 West Madison Street, Suite 1500, Chicago, IL 60602
11 South Dunton Avenue, Arlington Heights, IL 60005
155 North Wacker Drive, Suite 3850, Chicago, IL 60606
Summit Business Organizations Information
Lead Counsel Verified Attorneys in Summit
Lead Counsel independently verifies Business Organizations attorneys in Summit and checks their standing with Illinois bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is Business Organization Law?
There are different types of business structures that affect how you run your company. Some business structures are less expensive to get up and running and have simpler reporting requirements. Other business organizations have greater tax advantages but have stricter requirements. Different types of business organizations include:
- Sole proprietorship
- Limited liability company (LLC)
- Partnership and limited liability partnership (LLP)
- Corporation
- S corporation or B corporation
- Non-profit organization
What Are Some Examples of Situations Where I Might Need a Business Organizations Lawyer?
You can benefit from a business organization lawyer if you are starting a new business or reorganizing your existing business and you have questions about:
- Limited personal liability
- Tax-preferred status
- Setting up a publicly traded or private company
- Regulatory compliance
- Investment opportunities
How Can a Business Organizations Lawyer Help Me?
Before organizing your business, a business organization lawyer can explain the different structures, benefits, and drawbacks to make sure you get started on the right foot. If there are any complications or legal challenges down the road, a business organization lawyer can represent you in legal negotiations. In helping you choose the right business entity, your lawyer will help with:
- Drafting partnership agreements, bylaws, and operating agreements
- Ensuring compliance with Illinois and Summit licensing and zoning
- Reviewing commercial agreements and contracts
What Could Happen if I Don’t Hire a Business Organizations Lawyer?
If you don’t follow the proper filing, recordkeeping, and corporate structure requirements, it can cause trouble down the road. Working with a business organization lawyer can help you avoid many of the common pitfalls of running a business. There can be serious legal and financial consequences when your business doesn’t follow the strict corporate requirements, including:
- Tax violations
- IRS audits
- Securities law violations
- Personal liability for business losses
- Loss of business reputation
What Questions Should I Ask When Trying To Find a Business Organizations Attorney in Summit?
Find the right business organization lawyer for your business needs. Many lawyers offer an initial consultation where you can ask them questions and see if they are the right fit. These questions can help you determine if this lawyer has the experience to handle your case. Some questions you should ask include:
- What is your experience with business organizations in Illinois?
- What is your approach to handling business organization cases?
- Have you dealt with cases involving this type of business structure?
- What potential outcomes should I expect from my case?
- Are there upcoming legal changes that could change how I structure my business?
Tips for Hiring a Business Organizations Lawyer
Take the time to find a business lawyer who is right for you and will represent your best interests. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts