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Limited Liabiiity Company

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Legal help in the wake of Coronavirus

Our Chicago business law firm advises clients across multiple industries, market sectors, and various stages in the supply chain regarding numerous Coronavirus-related issues.  Companies need to understand where the law, the virus, and their businesses intersect.  Whether in retail, entertainment, transportation, or manufacturing, as factory production slows in line with the reduction of workforces, clients [...]

Legal help in the wake of Coronavirus2020-06-20T12:44:15+00:00

Capital Accounts in Illinois Limited Liability Companies

Illinois limited liability companies that elect to be taxed as a sole proprietorship (single member) or partnership (multi member) maintain balance sheets that are distinct from Illinois corporations in one important respect: they require a separate equity account, or capital account, for each member – a member is an individual or entity that holds a [...]

Capital Accounts in Illinois Limited Liability Companies2018-10-04T22:00:36+00:00

LLC Veil Piercing & Substantive Consolidation

A limited liability company can function as an extremely powerful and flexible Illinois business organization structure.  The LLC, if structured properly by a Chicago business lawyer, can shield members (aka LLC business owners) from the legal obligations and debts of the LLC. In limited liability companies which are solely owned, small or family owned, business assets [...]

LLC Veil Piercing & Substantive Consolidation2020-06-20T12:44:15+00:00