Schaumburg Business and Family Lawyers Kelley Kelley & Kelley Heritage Bank Building 1535 West Schaumburg Road, Suite 204 Schaumburg, IL 60194
Latitude: 42 deg 441 min 32.3 sec N Longitude: 88 deg 7 min 22.9 dec W
(847) 895-9151

Schaumburg, Illinois Business Attorneys Law Firm

Serving Chicago and the Northwest Suburbs Since 1959

One of the most crucial decisions prior to forming a Business is determining the most advantageous and appropriate entity to form. This decision can be daunting and confusing, but rest assured the attorneys at Kelley, Kelley & Kelley can work with individuals and businesses of all sizes in helping our clients determine the appropriate entity to form. Choosing the appropriate entity will have a significant effect on taxes, liability of owners and members, and on the state and federal requirements that must be followed. At Kelley Kelley & Kelley, our experienced Illinois business law attorneys advise clients on a wide range of issues facing individuals and businesses in choosing the most advantageous and appropriate entity.

We represent a wide variety of businesses of all sizes – from small retail outlets to multinational corporations and everything in between.  As a preeminent Chicago business law firm, we have the experience necessary to represent clients in a wide range of businesses, including manufacturers, distributors, commercial contractors, professional service corporations, chiropractors, dentists, engineers and general contractors.

There are a myriad of business formation options available to businesses,with distinct advantages and disadvantages associated with each one.  Our knowledgeable Illinois business formation attorneys will explain each of the business formation options to you in detail so that together you can decide which entity to form.

Common Business Formation Structures

Some of the more common business formation structures include:

•    Limited Liability Company (LLC)
•    S Corporation
•    C Corporation
•    Professional Corporation
•    Limited Liability Partnership
•    Limited Partnership
•    Partnership
•    Sole Proprietorship

Business Formation Issues to Consider

When determining which business formation structure is the most appropriate, we will help you consider various aspects of the business such as:

•    Ownership and Control of the Business
•    Taxation Issues
•    Liability of Owners and Members
•    Distribution of Income
•    Issuance and Distribution of Stock
•    State and Federal Requirements

Once the appropriate entity has been chosen, our experienced Illinois business formation attorneys will work with you to prepare the necessary documents for formation. The attorneys at Kelley, Kelley & Kelley aid our clients in the preparation of shareholder restriction agreements, by-laws, S-Elections, and obtaining Federal Employer Identification Numbers. Our attorneys also maintain corporate minutes and records and file all necessary corporate documents once the entity has been formed. We also help clients prepare membership agreements, operating agreements, and employment agreements in addition to a multitude of other documents that keep businesses operating and protected.

We work with existing businesses to ensure that the necessary corporate documents are prepared and filed with the State of Illinois in order to maintain good standing.  We also help existing businesses alter the structure of their business should they choose an alternate business formation.

To learn more about how one of our skilled Illinois business formation attorneys can help you with your business formation issues, contact us at (847) 895-9151.