Business Organizations

On September 30, 2026, the Chicagoland Chamber of Commerce and the Illinois Small Business Development Council at the Chicagoland Chamber are scheduled to host a virtual training titled Starting a Business in Illinois. The event is[...]

A lot of business owners believe they have protected their brand because they formed an LLC, bought the matching domain name, and claimed the social media handles. I understand why. Those steps feel official. You paid[...]

If you’ve spent any time in startup forums, you’ve probably heard some version of: “Just form in Delaware. Everyone does.” For certain companies, that advice is practical. For many Illinois-based small businesses and early-stage startups—especially those[...]

Illinois continues to be a thriving place for new businesses — from Chicago tech startups and suburban e-commerce sellers to downstate service providers and solo professionals. The rise in gig work, side hustles, online retail, and[...]

Ensure smooth ownership transitions for cash-poor businesses! Life insurance can provide much-needed liquidity to a business when a co-owner dies, ensuring the surviving owners can buy out the decedent’s interest without having to sell off business[...]

Sweat equity offers a unique opportunity for individuals to gain an ownership stake in a company through their labor, expertise, or services rather than through financial investment. It is a compelling option for entrepreneurial-minded employees or[...]

On December 3, 2024, a federal district court in Texas issued a preliminary injunction temporarily halting enforcement of the Corporate Transparency Act (CTA) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) regulations[...]

We are often asked the question of whether a company should admit a key service provider as a member/shareholder and provide him/her with a percentage of equity as a incentive or a percentage of profits as[...]