A limited liability company can function as an extremely powerful and flexible Illinois business organizationstructure. The LLC, if structured properly by a Chicago business lawyer, can shield members (aka LLC business owners) from the legal obligations and[...]
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. [...]
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[...]