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| Business Organization |
General Counsel Services
With years of experience in serving a diverse base of clients in various matters that range from business or commercial litigation to the sale or purchase of a business, the Law Offices of Edward P. Graham, Ltd. can provide full service representation to meet the needs of your business.
In addition to creating and maintaining the entity of your choice, our Business Law attorneys can provide assistance in developing effective contracts, addressing personnel, collection, litigation and a host of other issues that may arise during the operation of your business. Contact the Law Offices of Edward P. Graham, Ltd. in Naperville, IL and allow our professionals to meet the needs of your business.
Formation
An individual(s) seeking to start a business must make an informed decision regarding the choice of entity under which to operate. Some businesses can be operated under the most simple form known as a sole proprietorship while other businesses would benefit through operation as a partnership, corporation, or limited liability company (LLC).
The Law Offices of Edward P. Graham, Ltd. in Naperville, IL has been the business attorney of choice for dozens of enterprises seeking to organize a new business. We can provide effective counsel in selecting the type of business entity that is most appropriate for your circumstances and then prepare the necessary documents for proper formation of the new entity.
An individual(s) seeking to start a business must make an informed decision regarding the choice of entity under which to operate. Some businesses can be operated under the most simple form known as a sole proprietorship while other businesses would benefit through operation as a partnership, corporation, or limited liability company (LLC).
The Law Offices of Edward P. Graham, Ltd. in Naperville, IL has been the business attorney of choice for dozens of enterprises seeking to organize a new business. We can provide effective counsel in selecting the type of business entity that is most appropriate for your circumstances and then prepare the necessary documents for proper formation of the new entity.
Corporations
A corporation is a legal entity that is owned by “shareholders”. Shareholders of a corporation are not personally liable for the debts of the corporation, but a corporation must maintain its identity separate from the shareholders and uphold corporate formalities. Depending on your business and consideration related to its operations, ownership and management, the corporate form of conducting business may be your best alternative.
There are several steps which must be completed in order to create a business corporation and ensure that it remains compliant with Illinois law. Consult with the experienced corporate attorneys at the Law Offices of Edward P. Graham, Ltd. where we currently serve as counsel for more than two dozen enterprises.
A corporation is a legal entity that is owned by “shareholders”. Shareholders of a corporation are not personally liable for the debts of the corporation, but a corporation must maintain its identity separate from the shareholders and uphold corporate formalities. Depending on your business and consideration related to its operations, ownership and management, the corporate form of conducting business may be your best alternative.
There are several steps which must be completed in order to create a business corporation and ensure that it remains compliant with Illinois law. Consult with the experienced corporate attorneys at the Law Offices of Edward P. Graham, Ltd. where we currently serve as counsel for more than two dozen enterprises.
Limited Liability Company
There are several steps which must be correctly completed in order to properly establish your business as a limited liability company (LLC) in Illinois. Our office has provided numerous clients with assistance in forming their LLC, tailoring their operating agreement, and structuring the management and operation of an LLC.
Once an LLC is established, certain formalities must be followed. This includes the compilation of annual reports necessary to remain in good standing and avoid involuntary termination of your legal status. Our Business Law attorneys will assist your company in achieving compliance with these requirements by maintaining your record book and preparing necessary business documentation. Contact the Law Offices of Edward P. Graham, Ltd. in Naperville, IL and let our professional staff tailor a plan for you.
There are several steps which must be correctly completed in order to properly establish your business as a limited liability company (LLC) in Illinois. Our office has provided numerous clients with assistance in forming their LLC, tailoring their operating agreement, and structuring the management and operation of an LLC.
Once an LLC is established, certain formalities must be followed. This includes the compilation of annual reports necessary to remain in good standing and avoid involuntary termination of your legal status. Our Business Law attorneys will assist your company in achieving compliance with these requirements by maintaining your record book and preparing necessary business documentation. Contact the Law Offices of Edward P. Graham, Ltd. in Naperville, IL and let our professional staff tailor a plan for you.
Partnership
Just as there are several options for organizing a business, so too are there different types of partnerships including: general partnerships, limited partnerships, family limited partnerships, and limited liability partnerships (LLP’s). Fundamentally, a partnership consists of at least two or more persons, called partners, who operate a business activity for profit. The partners, who own the business, may be either general partners, who participate in day-to-day decision making activities and bear personal liability for business related claims or debts, or limited partners, who are passive investors and are not held liable for business debts beyond the amount of their capital investment in the partnership.
The Business Law attorneys at the Law Offices of Edward P. Graham, Ltd. in Naperville, IL can provide assistance in determining the best type of partnership for your business needs. We can then draft a partnership agreement tailored to meet the specific requirements of your partnership. Contact our office in order to get your business partnership established.
Just as there are several options for organizing a business, so too are there different types of partnerships including: general partnerships, limited partnerships, family limited partnerships, and limited liability partnerships (LLP’s). Fundamentally, a partnership consists of at least two or more persons, called partners, who operate a business activity for profit. The partners, who own the business, may be either general partners, who participate in day-to-day decision making activities and bear personal liability for business related claims or debts, or limited partners, who are passive investors and are not held liable for business debts beyond the amount of their capital investment in the partnership.
The Business Law attorneys at the Law Offices of Edward P. Graham, Ltd. in Naperville, IL can provide assistance in determining the best type of partnership for your business needs. We can then draft a partnership agreement tailored to meet the specific requirements of your partnership. Contact our office in order to get your business partnership established.
Not-for-Profit Entities & Tax Exempt Organizations
A not-for-profit entity is an organization formed for the purpose of serving the public or for the benefit of the public for purposes other than the pursuit or accumulation of profits. Congress and the Internal Revenue Service have determined that only specific types of organizations can qualify to be non-profit or tax-exempt organizations. The process for establishing a not-for-profit entity in Illinois is similar to the process for establishing a for-profit corporation.
Our dedicated Business Law attorneys have successfully assisted clients in creating the corporate structure necessary for the proper functioning of a not-for-profit organization and will support your pursuit of a tax-exempt status with the Internal Revenue Service. Let the Law Offices of Edward P. Graham, Ltd. of Naperville, IL similarly guide you through this process.
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