Forming a business is the first step toward realizing your dreams and doing what you want to in life. The formal process of business formation is necessary so that it can get started in a way that is lawful, ethical, and meaningful to everyone involved. In fact, the formation of a business affects all of your endeavors and can impact some of your strategic choices.
From legal matters to financial aspects of your company, James C Provenza & Associates, PC can help you to set yourself up for success. We will help you to determine what the best options are for your business so that you can move forward.
Even if you are a sole proprietorship with a singular employee, business formation is crucial to your success. The designation at the end of your business means something, not only to you, but also to your customers and clients. Adding “LLC” at the end of your name will make you seem more legitimate.
Our team will help you to sort through all of the advantages and disadvantages of each option that you have, ensuring that you can make the best decision for your business.
Experienced Business Formation Attorneys in Chicago
Business formation discussion can be confusing for new business owners. There are quite a few options available if you are starting a business in Chicago or somewhere else in Illinois. Choosing between designations and business types can be confusing, which is why we at James C Provenza & Associates, PC are here to help you and your team. Some of the options you face include:
- LLC (Limited Liability Company)
- LLP (Limited Liability Partnership)
- Partnership (Limited and General)
- PC (Professional Corporations)
- Sole Proprietorship
Each one has advantage and disadvantages when forming your business – sole proprietorships are cheaper, LLCs require fees. However, LLCs give you more freedom in some respects. Corporations have tougher filing requirements, must keep meeting notes and require a certain number of board members. It really all depends what kind of business works best with what you want to achieve.
General Advice on Business Formation
Choosing the best option is only one part of business formation law. At James C Provenza & Associates, PC, we aim to give advice on all aspects of business formation. This includes items like non-compete clauses, employee contracts, invoicing, binding agreements, documentation, and more. It can be confusing but it is necessary to keep your, your partners, your investors, and your employees safe. We can also help with contract disputes, lawsuits, agreement disputes, and more.
Business Formation Attorneys in Chicago
Are you a new business looking to get started? Chicago and Illinois laws dictate quite a bit that you have to do before you can officially get started. Still, there are many businesses forming each and every day, so it is a worthwhile cause. At James C Provenza & Associates, we can help you to stay on the right side of the law. If you need assistance with any aspect of business formation, we can help.
Call James C Provenza & Associates today at (847) 729-3939 to schedule an appointment.