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Meet some of our Chicago Limited Liability Company Lawyers
Jeffrey A.
Trusted legal counsel and business advisor to businesses and executive teams in the software, financial, and technology industries. Practice areas include commercial transactions, licensing, SaaS/PaaS/IaaS delivery models, software product development, regulatory compliance, new business formation, employment matters, and general corporate matters.
Frank V.
Navy veteran with 14 years experience practicing law in Chicago.
August 1, 2023
Timothy J.
Financial Services, Business, Corporate, Personal Injury, and Healthcare. I've represented fortune 100 companies and defended individuals in personal debt litigation. Wide breadth of experience, ready to assist.
August 2, 2023
Dennis W.
2008 - Present: Sole Practitioner – Dennis W. Winkler, P.C. Practice primarily in finance and business transactions, as well as commercial real estate transactions. Represent developers, investors, lenders, and businesses, in such matters as: corporate entity selection, drafting and negotiating complex asset purchase agreements, corporate mergers and sales, stock purchase agreements, and various other business contracts for closely related businesses. Involved in a variety of real estate developments, multi-family apartment buildings, construction and acquisition financing, commercial leasing, sophisticated workout transactions, joint ventures, and tax-deferred exchanges. Advise on tax and other savings incentives available to business owners and real estate owners in Illinois. Advise companies involved in related real estate activities such as sales, leasing, property management, brokerage, and construction. Tax experience that includes the representation of taxpayers in State and Federal controversies including: sales/excess tax disputes and responsible parties’ tax assessment protest. Additionally, Dennis has experience in the protest of real estate taxes of commercial and multi-family real estate. As a legal and business advisor, Dennis is committed to helping clients find, develop, and close deals that further their business objectives. Dennis regularly advises entrepreneurs and closely held businesses on matters incidental to their day-to-day business operations as well as their capital raising and start-up needs, corporate structure, private equity raises, and operating agreements. Much like general counsel, Dennis’s breadth of experience allows him to not only provide strategic planning and routine business transactional support to companies, but he also regularly advises on a number of unique issues facing companies by spotting issues and engaging specialists when needed, such as intellectual property, environmental, and bankruptcy counsel. As such, Dennis has been actively involved in sales and acquisitions of manufacturing companies, trucking companies, and logistics companies.
August 10, 2023
Ronald P.
Senior experienced contracts/transactions attorney in the Software Technology space. Also very versed in general corporate legal matters relating to business operations.
September 6, 2023
Andre T.
Commercial Litigation attorney providing advice and counsel to management regarding employment related matters and risk management issues
September 6, 2023
Nadir C.
I am a licensed attorney in Illinois, I am currently a Regulatory Compliance Analyst.
September 12, 2023
Sarah P.
Sarah graduated magna cum laude from the University of Illinois College of Law in 2013. Prior to opening her own practice, Sarah worked in a large law firm defending corporate clients. She then transitioned to a smaller firm where her longing to serve clients in the surrounding community became evident. With her prior experience, Sarah opened her own firm in 2016 and has since served Lemont and the surrounding areas.
September 19, 2023
Sahil M.
Drishti Law is devoted to assisting clients identify and protect their competitive advantage by establishing a capitalization strategy that adapts to their needs. Our expertise focuses on developing competent asset management strategies for innovators, creators, startups, and businesses. Additionally, navigating the current IP trends require a seamless experience that is personable and reflective of your goals. The principal attorney, Sahil Malhotra, founded Drishti Law because of his deep passion and ever-evolving interest in Intellectual property and Data Privacy. We take a holistic approach in balancing the risk and rewards as it relates to the development, management, and capitalization of your assets. Our ability to implement complex litigation and prosecution services permits effective execution of trademark, trade secret, copyright, and data privacy for individuals and businesses. It begins with creating a client-centric environment that develops trust through efficient decision making and instituting creative solutions.
November 1, 2023
Katherine V.
I am a skilled legal researcher and writer with a background in contract drafting and negotiation as well as litigation. I've served as an arbitrator for the past three years and have presided over nearly 400 binding arbitrations for an online dispute resolution platform. Additionally, I am a content writer and editor for the insurance division of LexisNexis. In my role as a contractor for LexisNexis, I research, draft, and edit high-quality legal reference tools on a variety of insurance topics for use by lawyers and insurance industry professionals.
January 29, 2024
Bill C.
I am a corporate business and securities attorney licensed in Illinois with more than a decade of legal experience holding both a J.D. and Master in Law in Taxation. I specialize in advising technology companies in the cryptocurrency space with regulatory compliance (eg. securities law, FinCen, and MSB rules) and cybersecurity matters (eg. GDPR, HIPAA, and CCPA), licensing agreements (SaaS, End User Licensing Agreement, Master License Agreement and etc), brokerage agreements, vendor agreements, revenue share agreements, affiliate agreements, and other related business and technology contracts. Having served as both an outside and an in-house counsel, I have worked with many early stage and mid-size companies, including blockchain companies with issued tokens in the top 100 ranking. With a strong understanding of core business needs for cryptocurrency companies and the ability to translate business needs into legal requirements, I have successfully helped businesses in the cryptocurrency space establishing their contracts, meeting regulatory compliance requirements (SEC, FinCen), and negotiating contracts with partners and vendors.
April 13, 2024
Rocio F.
Skilled attorney with particular experience in investigations, document review, corporategovernance, FCPA matters, real estate and regulatory matters, excels at providing sound adviseand savvy solutions while ensuring the highest level of professionalism and integrity.
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Browse Lawyers NowLimited Liability Company Legal Questions and Answers
Limited Liability Company
LLC
Florida
How to set up an LLC?
I am a budding entrepreneur looking to start my own business. I understand that forming a Limited Liability Company (LLC) is a great way to protect my personal assets and manage my business operations. I have done some research on the process, but I am looking to get the best legal advice on how to set up my LLC properly.
Daniel D.
This is a great question to ask. The first step is to register your business with the Florida Department of State on Sunbiz; that will get you legally set up to get rolling. The second step to setting up your LLC properly is to adopt an operating agreement. This agreement tells how the business will run, how it will handle new members and the powers that existing members and/or managers will have amongst other important paragraphs to have. You can be creative as you want with an operating agreement. Before you adopt your operating agreement you should consider topics like: do i want it to be run by members or managers; do i plan on having partners in the future or now; am I going to look for investors at some point? These questions can help you draft an operating agreement that will suit your needs as a business owner and show others that you were strategic in thinking of the future. You can also use an operating agreement for business succession planning incase you are incapacitated or die.
Limited Liability Company
Operating Agreement
Florida
Forming LLC with multiple members
Hello, Looking to form LLC with 3 other individuals. What would be the best route to go?
Bruce B.
In florida you would want to have an operating agreement to specify the relationship between the members.
Limited Liability Company
LLC
Florida
LLC and member meetings?
I am considering forming a limited liability company (LLC) with a few other partners. We are looking to have a clear understanding of the expectations for LLC and member meetings, including the frequency and formality of such meetings. We also want to make sure all members are held accountable for their actions and that our rights and responsibilities are clearly outlined.
Daniel D.
In Florida, LLCs are not required to have annual meetings of the members and/or managers. However, your operating agreement would lay out different circumstances when the members and/or managers must meet to make important company decisions. You can draft the operating agreement to give you and your partners greater flexibility as to when and why a meeting is required, for example, hiring a new officer, spending over a certain amount of money, admitting a new member or removing a member. If you do not have an operating agreement in place, then the default is the FRLLCA. However, holding meetings of the members and/or managers is a good way to increase your liability protection. Even if the formalities are not required by law, abiding by them can help bolster your corporate veil and it will also add value down the road to your business when you or your partners sell. To hold a meeting, you would need to notice all the members, hold the meeting, record the minutes of the meeting and then draft and execute any resolutions that were voted on at the meeting. If all members are going to vote unanimously, you could use a "Consent in lieu of meeting" to be drafted that records the vote and decision of the members, which all voting members should sign. It is important that your operating agreement is well drafted.
Limited Liability Company
LLC Operating Agreement
Florida
What happens to LLC when member dies?
I want to create an operating agreement that explains what happens with the business in case one of the members died. We have an LLC. We want to create an operating agreement that states how the business will keep working in case one of our members dies.
Forest H.
There are provisions to add to an operating agreement to address the death or incapacity of a member. Feel free to contact me if you would like to discuss how to move forward.
Limited Liability Company
Limited Liability Company Agreement
Minnesota
Transfer Ownership to another person
Hi, I am EU national from Lithuania and we opened a company with a partner in US. Our initial agreement with that person, was, that he handles US operations and keeps part of the company. However, legally it is registered as LLC in Minnesota under his name. At this stage, turnovers are growing and we would like to transfer ownership (I think selling the company) to me and keep him as a Director in that company. This LLC is operating from 2019. We would like to know, is it possible to do it without physically traveling to US? What tax implications will be? Also will it be possible to buy this company at low cost? Company has a lot of inventory, but at the same time high debt with suppliers. At the moment, equity is about 2k and vendor debts - inventory/customer debts/cash approximately 280k. Thank you for your help!
Jaren J.
The transfer of LLC member interests are done via written agreements signed by all parties. They are internal to the company and not recorded anywhere. You don't need to be in the US to accomplish the transfer. Depending on how the transfer is done, there shouldn't be any tax implications.
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Related Contracts
- Commercial Lease
- Confidentiality Agreement
- Nondisclosure Agreement
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- Partnership Agreement
- Waiver
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