Protect Assets Through a Limited Liability Business
" Business entity formation" refers to the process of setting up a
limited liability company,
general partnership, or
limited liability partnership. Business entity formation also involves converting a
sole proprietorship business into a business entity that provides liability protection and tax benefits.
The Chicago business entity formation attorney of
Sylvester Law Firm has skillfully established business entities for numerous clients.
Unlike the Internet web-sites that create a "one-size-fits-all" business entity, the Wilmette, Glenview and Northbrook business lawyer of
Sylvester Law Firm takes a deliberate, counseling-based approach to advising you on which business entity will best fit your particular circumstances.
By using a Chicago business formation lawyer, you will receive valuable advice on how to properly administer the business entity once it is set-up. Choosing the right form of business entity, and then properly administering the entity once formed, are critical. When business entities are not properly administered, the business owner runs the risk of not achieving the tax and asset protection benefits of certain business entities.
There are several differences between the various available business entities. Some of those differences are:
- how the entity is taxed;
- how the entity is administered after set-up;
- fees charged by the State; and
- the level of asset protection you achieve.
In addition to helping you with the formation of your business, the Wilmette, Glenview and Northbrook business lawyer will also assist you with:
business sales and
purchases; establishing an
employee manual and
marketing your business;
commercial lease creation;
commercial lease review;
commercial lease negotiation;
buy-sell agreements between business partners;
ownership succession plans; and obtaining favorable
small business loans.
Forming a business entity is an important undertaking, and you should only work with a Chicago business lawyer who has significant experience in helping clients establish business entities. The
Wilmette, Glenview and Northbrook business attorney of
Sylvester Law Firm has significant experience in business entity formation cases.