LLC & Corporation Formation
LLC Lawyer for Illinois Limited Liability Company Formation
Limited Liability Companies (LLC’s) have become an increasing popular business entity choice for several reasons, including:
- Like corporations, they generally protect business owners from personal liability
- They allow taxation under subchapter S, thus providing the same subchapter S taxation benefits to owners
- They offer a greater degree of flexibility in terms of the payment of profits to equity investors
- There generally are fewer filing requirements than corporations
As an Illinois LLC formation lawyer, I help businesses get off to the right start by assisting in all aspects of the LLC formation, including:
- Preparing and Filing the Articles of Organization
- Preparing an Operating Agreement
- Helping document capital contributions by owners
- Helping the LLC obtain a Tax ID number (Federal Employer Identification Number – EIN)
- Helping an organization with subchapter S election, if desired or needed
- Helping with other start-up matters, such as leases, contracts, and licenses
Is an LLC Right for Me?
At the outset, I offer a free consultation so that I can learn about the nature of your business, including matters such as:
- Ownership – both now, and where future owners/members are desired
- Financing needs
- Intended future operations
Based upon these and other business aspects, I can help you determine whether an LLC may be the best fit for your company, I can also advise you on the potential advantages and disadvantages of other business forms.