Oak Brook Business Formation Attorneys
Skilled Business Formation, Sale, and Dissolution Lawyers in DuPage County
When starting a business, one of the most crucial decisions owners must make is choosing the best entity structure for the new organization. There are several options for entity formation and numerous factors to consider. To ensure you form the best structure for your business, it is best to work with attorneys that have extensive knowledge of business formation and the common challenges business owners face during the startup phase.
At Tiesenga Reinsma & DeBoer LLP, we have over 100 years of combined experience with business formation, sale, and dissolutions in Chicago and throughout Illinois. We work with corporations, limited liability companies, partnerships, and other business entities across a wide range of industries, and we have an in-depth understanding of all types of business entities and the advantages and disadvantages of each. We also provide assistance to clients who are selling, dissolving, and recapitalizing their businesses. We provide comprehensive solutions that effectively address the needs of each client we serve.
Business Formation Options in Illinois
There are several potential business entity structures. Some of the most common include:
- Sole Proprietorships
- General Partnerships
- Limited Partnerships
- Limited Liability Companies (LLCs)
- Limited Liability Partnerships (LLPs)
- S Corporations
- C Corporations
- Professional Corporations
When deciding which entity structure is best for your business, there are several issues to consider, including:
- Who the owners of the business will be,
- Who the members, managers and/or directors of the business will be,
- The liability limits of the owners and members,
- How the business income will be distributed,
- How stock should be issued and distributed,
- Business taxation issues, and
- Compliance with federal, state, and local laws and regulations.
We analyze the specifics of your business, taking into account all pertinent factors to help choose the entity that is right for your goals.
Business Sales and Dissolutions
Our firm also has experience assisting business owners in managing the sale or dissolution of a business. We work closely with our clients to put together an exit strategy that minimizes tax and commercial litigation exposure and leaves the owners in the best possible financial position.
For experienced guidance with all matters related to business formation, sale and dissolution in Illinois, contact our office today at 630-645-1403 for a consultation. Tiesenga Reinsma & DeBoer LLP provides skilled counsel, advice and legal representation for clients in Oak Brook, Chicago, DuPage County, Cook County, Will County, Lake County, Kane County, Kendall County, Grundy County, and surrounding Illinois communities.