Asset Protection Lawyers for Springfield, Illinois

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Meet some of our Springfield Asset Protection Lawyers

Brett S. - Asset Protection Lawyer in Springfield, Illinois
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5.0 (1)
Member Since:
September 15, 2023

Brett S.

Litigation and Contract Attorney
Free Consultation
Chicago, Illinois
8 Yrs Experience
Licensed in IL
University of Illinois

I attended the University of Illinois- College of Law on a full merit scholarship. While in law school, I was a 711 Attorney at the Lake County State's Attorney's Office, specializing in traffic and misdemeanor cases. After graduation, I served as in-house counsel for one of the largest insurance companies in the world, managing thousands of cases from initial intake to trial. Upon leaving this position, I accepted a role as Legal Counsel to the Illinois Senate Minority Leader. There, I advised Senators on legislative matters, labor and employment law, and complex constitutional questions. After leaving public service, I accepted a role at a mid-size Chicago-based law firm, where I practice insurance defense and litigation. In addition to this, I also serve as outside general counsel to a food brokerage business, where I handle all of their labor and employment matters.

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Frank V. - Asset Protection Lawyer in Springfield, Illinois
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4.8 (6)
Member Since:
August 17, 2023
John B. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
June 21, 2023

John B.

Principal Attorney
Free Consultation
Indianapolis, IN
16 Yrs Experience
Licensed in IL IN
University of Illinois Chicago School of Law

I am an attorney with over 13 years experience licensed in both Illinois and Indiana. I spent the early part of my career as a civil litigation attorney. Eventually, I moved into an in-house role, specifically as general counsel, to help companies avoid the pains of litigation. In doing so, I gained significant experience in executive leadership, corporate governance, risk management and cybersecurity/privacy. I bring this wealth of experience to my client engagements to not only resolve the immediate issue, but help implement lasting improvements in practices to avoid similar problems going forward.

Daniel K. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
August 9, 2023

Daniel K.

Founder and Managing Partner
Free Consultation
Chicago
10 Yrs Experience
Licensed in IL NJ, PA
Drexel University Thomas R. Kline School of Law.

My practice focuses on business and commercial litigation. I have worked with companies of all sizes from sole member LLCs to those in the Fortune 500. I've advised clients on mergers, equity issuances, commercial transactions, joint ventures, employment issues, and non-competition. I've also drafted and negotiated the underlying agreements for these transactions and more.

Megan W. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
July 5, 2023

Megan W.

Principal Attorney
Free Consultation
Aurora, IL
12 Yrs Experience
Licensed in IL
DePaul University College of Law

My solo attorney law office is focused heavily on Family Law, but I also do residential real estate, and prepare Wills & Trusts.

Karen H. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
July 23, 2023

Karen H.

Former Division General Counsel
Free Consultation
Chicago
45 Yrs Experience
Licensed in IL
Loyola University Chicago School of Law

During my tenure as VP & Division General Counsel of PepsiCo Inc. in Chicago, I built upon my diverse career overseeing legal matters for both the domestic and international businesses of PepsiCo and The Quaker Oats Co. My extensive practice areas included M&A, contracts, competition, NDAs, regulatory compliance, consumer product & protection, environmental, patents, and advertising regulations. Throughout my professional journey, I navigated legal complexities associated with an eclectic range of products, spanning juices, sports drinks, cereals, snacks, needlepoint kits, canned goods, eyeglasses, men's suits, car seats and toys. For further information, see my LinkedIn: http://linkedin.com/in/karen-hunter-a700179

Charles M. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
July 26, 2023

Charles M.

Attorney
Free Consultation
Chicago
23 Yrs Experience
Licensed in IL
DePaul University

Mr. McElvenny has extensive experience handling and developing strategy for complex commercial and real estate cases. He’s drafted hundreds of complaints ranging from simple breaches of contract to complex commercial claims including breach of fiduciary duty, constructive trusts and misappropriation of trade secrets. He has an excellent record in trial, arbitration and mediation. He also has significant experience in motion practice in both state and federal court. Through his work in corporate law, Mr. McElvenny has developed considerable experience with Limited Liability Company member disputes and general corporate governance. He’s drafted a number of industry-specific documents such as Operating Agreements (for Limited Liability Companies), commercial leases, settlement agreements and employment contracts. Mr. McElvenny has also represented criminal defendants in felony matters and assisted in the defense of civil matters arising from alleged SEC violations. He has represented individuals appearing before the Illinois Department of Professional Regulation as a result of SEC proceedings. After graduating with a B.A. in Philosophy, Mr. McElvenny proceeded from Loyola University-Chicago to DePaul University College of Law, receiving his JD from that institution in 2002. In 2010, he earned his Master’s of Science in Accounting from Loyola University-Chicago’s Graduate School of Business. Mr. McElvenny was selected to Illinois’ Super Lawyers Rising Stars in 2010, 2012 and 2013.

Timothy J. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
August 1, 2023

Timothy J.

Corporate Counsel
Free Consultation
Fort Lauderdale, Florida
10 Yrs Experience
Licensed in IL FL, WI
Illinois Institute of Technology: Chicago-Kent College of Law

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.

Dennis W. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
August 2, 2023

Dennis W.

Attorney
Free Consultation
Chicago/Schaumburg
33 Yrs Experience
Licensed in IL
The John Marshall Law School

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.

Ronald P. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
August 10, 2023

Ronald P.

Associate General Counsel
Free Consultation
Woodridge, IL
45 Yrs Experience
Licensed in IL
Loyola University of Chicago Law School

Senior experienced contracts/transactions attorney in the Software Technology space. Also very versed in general corporate legal matters relating to business operations.

Andre T. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
September 6, 2023
Nadir C. - Asset Protection Lawyer in Springfield, Illinois
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Member Since:
September 6, 2023

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Asset Protection Legal Questions and Answers

Asset Protection

Asset Purchase Agreement

Texas

Asked on Jun 7, 2024

Can you explain the key provisions and potential risks involved in an Asset Purchase Agreement?

I am currently in the process of acquiring a business and have been presented with an Asset Purchase Agreement (APA) by the seller. While I have a general understanding of what an APA entails, I would like a lawyer's expertise to explain the key provisions of this agreement and any potential risks that I should be aware of before proceeding. Specifically, I am concerned about the transfer of liabilities, intellectual property rights, and any undisclosed liabilities that may arise after the acquisition. I want to ensure that I am fully informed and protected before finalizing the purchase.

Darryl S.

Answered Jul 16, 2024

An Asset Purchase Agreement (APA) is a legal contract used in business acquisitions where a buyer purchases specific assets of a company rather than acquiring the entire business entity. Here are some of the key provisions and potential risks involved: Key Provisions: 1. Identification of assets: Clearly defines which assets are being purchased and which are excluded. 2. Purchase price: Specifies the total amount and payment terms. 3. Liabilities: Outlines which liabilities, if any, the buyer will assume. 4. Representations and warranties: Statements made by the seller about the condition and status of the assets. 5. Conditions precedent: Events or actions that must occur before the deal closes. 6. Covenants: Agreements on how parties will behave before and after closing. 7. Indemnification: Protections for the buyer if the seller's representations prove false. 8. Closing mechanics: Details on how and when the transaction will be completed. 9. Transition services: Any support the seller will provide post-closing. 10. Non-compete clauses: Restrictions on the seller's future business activities. Potential Risks: 1. Incomplete due diligence: Buyer may miss critical issues with the assets. 2. Undisclosed liabilities: Buyer might inadvertently assume unexpected debts or obligations. 3. Environmental liabilities: Hidden contamination or compliance issues. 4. Contractual obligations: Existing contracts may not be transferable or may have unfavorable terms. There are many other risks - so this list is far from comprehensive.

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Asset Protection

LLC

Ohio

Asked on Jul 28, 2023

LLC and asset protection?

I have recently started a small business and am interested in forming a LLC for it. I am looking to protect my personal assets from any liabilities the LLC may incur, and I am seeking advice about how best to do this. I am looking for guidance on how to ensure the LLC will provide me with the asset protection I need.

Paul S.

Answered Aug 4, 2023

The LLC is a good starting point for asset protection. How you operate the LLC, and in particular the LLC's finances, is even more important. You should be careful to keep the business's finances separate from your personal finances - for example, don't pay the rent or mortgage on your home out of your LLC bank account. And of course, liability insurance is your first line of defense.

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Asset Protection

Building Lease

California

Asked on Nov 22, 2023

Can I transfer my building lease to another entity?

I am the owner of a small business that currently leases a building for our operations. Recently, our business has grown and we need to move to a larger space. We are interested in transferring our current lease to another entity so that we can move to a larger building without breaking the existing lease. We are looking for advice on the legalities and procedures involved in transferring our lease.

David B.

Answered Dec 6, 2023

I'd be happy to help with this. Normally, leases are freely transferable (by the landlord and the tenant) if the lease does not mention assignability and/or subleasing. However, the landlord and tenant are free to agree to limits to assignability/subleasing in the lease and such limits are enforceable against both parties. Landlords typically want to know a lot about any potential tenant, so the right to assign or sublease is substantially curtailed in most leases. Often, the landlord will reserve the absolute right to approve a new tenant (meaning such approval can be withheld for any or no reason). Tenants are often bargaining from a seriously disadvantaged position. Not only does the lease limit the ability to assign but the tenant is typically in tight economic circumstances. On the other hand, the landlord typically wants the premises filled with a rent-paying tenant. I've negotiated subleases from both perspectives and am confident I can guide you to a mutuallt beneficial resolution to this matter.

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