We can assist you in understanding the various ways a new or existing business may be legally formed. Including statutory entities, such as incorporating as a corporation and formation as a limited liability company, and implementing the best strategy for you. Each business organization has a different set of needs such as they relate to tax planning, management, liability and operation of the business. We work with clients to assist them in choosing the best structure to accomplish their business plan.
Business Organization Services
We provide the following business organization (statutory entity) services.
- Incorporation. Incorporation of business with the Illinois Secretary of State, both for profit and non-for-profit corporations, under the Illinois Corporation Act;
- Limited Liability Company. Organization of Illinois of a limited liability company with the Illinois Secretary of State, including limited liability companies authorized to issue series;
- Corporation Governing Documents. Drafting of governing documents, including articles of incorporation, bylaws, formation minutes (shareholder and board of directors), shareholder agreements, share certificates, and share certificate ledger.
- Limited Liability Company Governing Documents. Drafting of governing documents, including articles of organization, operating agreement, organizational minutes, member agreements, membership certificates, and membership ledger.
- Tax Planning. Providing guidance on how the statutory entity (corporation or limited liability company) should be treated for tax purposes – subchapter S or C corporation.
- Additional Services. Acting as registered agent for the statutory entity on behalf of the entity, filing annual report on behalf of the entity, and updating statutory entity governing documents, including minutes.