James C Provenza & Associates assist with business planning in the Chicago, IL area – including business planning for small businesses, corporations, individuals and families, and more. The goal is to establish a plan to ensure that the business continues successfully as well as to maximize the return for the business founders. Our business attorneys work with clients to help review corporation documentation, including the following:
- Operating Agreements
- Corporate Books
- Partnership Agreements
- Buy-Sell Agreements
It is critical to have a business planning lawyer in Chicago because of the level of risk it takes to own and operate a business.
Business Succession Planning Lawyers
Our Business succession planning lawyers help to provide you with planning that will integrate your business interests into the other facets of your life, namely family estate planning, tax needs, and retirement planning. Succession planning is crucial for the investment of your future and the future of your business. Having a succession plan helps with your commitment to your business as its long-term growth as well as creates confidence within the business – and with clients, customers, and suppliers.
As business planning lawyers, our focus is on the design and implementation of a succession plan that will preserve your assets before and during any crisis that life can bring.
This is a multi-phase process and should start as soon as the business is formed. It is very likely that the first tasks will include creating or updating wills and trusts, and reviewing existing policies. Next steps include the drafting of Buy-Sell Agreements, reviewing compensation procedures, establishing an advisory board, and informing key people of the changes. Having a counsel of business planning players can help you to create something strong and effective. The team at James C. Provenza has the necessary skills and experience to help with your Chicago business planning.
We maintain close working relationships within many industries, including professionals who can help your continued success, such as accountants, bankers, and financial planners. Even more, we seek their advice for succession plans, business plans, and more.
Business Plans: Protection, Preservation, Perseverance
Business plans help to outline all of the crucial details for your business, including the who, what, when, why, and how. They need to be extremely detailed but still have flexibility in order to work.
Each business is unique, which is why our team of Chicago business planning lawyers creates plans for each individual business. We create plans that people are comfortable executing, which includes understanding each and every item that our plan includes.
Our team takes a similar approach to planning each business: talking about goals, establishing objectives, identifying problems, and creating innovative solutions. Our team has provided clients with legal services that are not only helpful, they are cost-effective and expedited.
Some of the key areas of our business planning include:
- Asset Protection
- Contract Law
- Corporate Governance
- Debtor and Creditor Law
- Dispute Resolution
- Employment Law
- Estate Planning
- Income Taxation
- Lien Preferences
- Pension Law
- Transfer Taxation
Business Plan for Success in Chicago
All businesses need to have a team of lawyers on their side in order to help them plan and protect their work. Our team is able to appreciate and anticipate the needs of our clients. We have a deep and significant understanding of the legal and tax planning needs of Chicago businesses of all sizes, taking into account the changing landscape of what it means to be a business.
Furthermore, we can help you to develop a plan that will protect your business in case of familial arguments, catastrophe, and succession. Once a plan has been developed by our team, we can help you to implement your standards and goals in a timely matter.
Are you looking to establish a business plan in Chicago or elsewhere in Illinois? At James C Provenza & Associates, we can help you to plan for your future and work in the present.
Call James C Provenza & Associates today at (847) 729-3939 to schedule a consultation.