Kane County Business Formation Attorney

Experienced Illinois Business Start Up Lawyer

Choosing an entity for a new business is an important decision. How you set up your business from the beginning will have serious implications for the business and business owners into the future. At the Law Office of James F. White, P.C., we are experienced in handling business formations for a wide variety of business types. Our firm assists start-up businesses on initial business formations as well as existing companies with reorganizations and expansions. We work with our clients to determine the best choice of entity to suit their personal and business goals and needs.

Choices in Business Formation

The type of business entity you select for your business venture will affect your personal and business taxes as well as your exposure to liability. Our attorneys will assess your personal and business objectives and capacity to recommend the type of business entity you should choose. We assist clients in choosing and establishing:

• Sole proprietorships—A common and easy choice, sole proprietorships offer owners total managerial control. However, owners also assume personal liability for business finances.
• Partnerships—An entity in which two or more partners share in a business' profits and losses. This entity has some tax benefits, but partners share personal liability for business finances.
• Corporations—A corporation is an entity separate from its founders. It can be taxed and held independently liable. Founders are not personally liable for the corporation's actions. Corporations cost more to form and require extensive record keeping. S-corporations and C-corporations are two options.
• Limited liability companies (LLCs)—A type of hybrid partnership, LLCs offer tax benefits to the business and shield owners from personal liability.

Once your choice of business entity has been made, our attorneys further assist you with the process of forming your business and establishing the rights of all involved parties. We are experienced contract attorneys and are dedicated to thoroughly protecting our clients' rights and interests throughout the business formation process.

In addition to assisting with business formation, we work with many established businesses in the areas of general counsel, contract drafting and review, licensing and permits, commercial real estate issues and employment matters.

If you need assistance with the formation of a business, contact us to schedule a free consultation to discuss your needs. We work with businesses and entrepreneurs in Kane County, Kendall County, DuPage County, DeKalb County, and throughout the Chicagoland area.