Small Business Law - Small Business Attorneys
Whether you are starting a new small business or own a business that has been up and running for some time, our experienced Illinois attorneys provide legal services to protect your interests and to help set you up for the best chances at long-term success.
Small Business Lawyers
The team at the Law Offices of Thaddeus M. Bond, Jr., & Associates provides numerous legal services to the owners of small businesses. We can help you with many aspects of starting, running and selling a business, such as:
- Buying real estate
- Advising you of the best choice of entity, which may be an LLC or a corporation
- Drafting operating agreements or by-laws to govern the relationship between you and any other owners of the business
- Completing reports and documents required by the state of Illinois
- Reviewing contracts, employment agreements, non-compete agreements, succession plans, etc.
- Protecting you from legal problems
- Representing you in a lawsuit
- Resolving contract disputes
- Enforcing a contract
- Collecting debts
Handling the legal aspects of small business can feel overwhelming, especially if this is your first venture. Even if you feel confident about what is required of you, you may want an experienced, knowledgeable attorney on your side to ensure matters are completed accurately and promptly. Our lawyers handle all of these matters, including helping with the formation of the business, legal documents and dispute resolution.
Once your business is up and running, our business lawyers can assist you with many of the issues you will be forced to face: complying with state laws and regulations, collecting unpaid debts, acquiring and selling assets, changes in ownership, unwanted lawsuits, etc. You need an experienced business lawyer who will be on your side and who wants you to succeed.
Buying a Business
Thinking of buying a small business? The legal issues can become complex, whether you are buying all the assets or only a portion, or even if you are buying the entity without any physical assets.
If you are purchasing an entity, you have to decide whether you will merge it with other businesses you may own or whether they will continue to exist as separate entities. These transactions can often come with strings, including attempts by the previous owners or third parties to stop the purchase or sale. This can be true even for the smallest family-owned business, over which communities often feel they share ownership. The transactions can also suffer serious tax penalties if not properly conducted.
To make sure you avoid these pitfalls, consult a lawyer as soon as you begin considering the purchase or sale of your business. Here at the law offices of Thaddeus M. Bond & Associates, our small business attorneys have extensive experience with business transactional law in this area. We have seen what makes a deal successful, and what can make it fail. We can help you structure the deal to maximize your benefit.
Once the deal is structured, we can help you navigate the complexities of the entire transaction, including:
- Writing a non-disclosure agreement that allows detailed discovery about the entities involved, but protects the information during and after the disclosure process.
- Writing a letter of intent that does not unintentionally commit you to an unfavorable course of action or allow the other party to take advantage of unspecified details.
- Writing the definitive agreement structuring the transaction.
- Securing the help of local experts on all aspects of the process, including accountants, lenders, even tax advisors.
Business Acquisitions, Setup and Sales
We counsel clients in various matters, including:
- Contract negotiations
- Business formation
- Labor and employment issues
- Routine governance
We can also provide the ongoing legal maintenance required of small businesses to sustain their status as a valid entity.
We will help you with the acquisition or sale of stock or of business assets. We review and draft letters of intent and purchase agreements. We will review or draft all documents necessary to a successful closing, including security agreements, financing and settlement statements, mortgages, notes and contracts.
Our business acquisition attorneys assist and advise in the organizational aspects of a business, including but not limited to:
- Understanding and handling routine legal and business requirements
- Acquiring or selling of business assets
- Advising on employee relations and negotiating contracts, employment and compensation arrangements, contractual disputes and non-compete agreements
- Preparing management or shareholder agreements
Rely on our attorneys for personalized legal services meeting your needs and the needs of your business. We want each of our clients to enjoy long-term success. As such, we work tirelessly for what is in your best interest.
Choosing a Small Business Lawyer
In Illinois, you have many attorneys from which to choose. The attorneys at the Law Offices of Thaddeus M. Bond, Jr., & Associates believe you should look for the following features when you choose a lawyer:
- Focus in business law
- Positive client reviews
- Successful past results
As a law firm driven by providing individualized services, we offer our clients accessibility and dedication. No matter how busy we get, our attorneys take the time to return your phone calls and keep you informed every step of the way. Together, we have more than 50 years of combined experience in Lake County, Illinois. We are happy to discuss the results of situations similar to yours and provide you with testimonials from our business clients.
The creation, acquisition, sale and day-to-day dealings of a small business can cause many unforeseen circumstances to arise. Such circumstances may come about as a result of your interaction with the local government, with the public, with your customers, other owners or other companies. If you own a company with a spouse or family member, you may find yourself dealing with an unexpected business issue as it relates to that individual. We can assist with all of these matters and others.
Our attorneys are personally driven by protecting your interests. We have been providing legal services for the owners of small companies in Illinois for many years, and we are passionate about positioning our clients for the best chance at lasting success. Please contact us today to find out how we can help you.
Ready to find out if our legal representation is a good match for your needs? For a complimentary initial consultation with our experienced Libertyville and Waukegan small business and business acquisition attorneys, please call 847.599.9101. At the Law Offices of Thaddeus M. Bond, Jr., & Associates, we handle the legal aspects of business outlined above so that you can focus your time elsewhere while knowing your attorney is resolving the matter promptly and correctly.