Business Organizations

The structure and organization of a business affects a company's taxes and the amount of liability its owner or board is exposed to. Additionally, the bylaws and articles of incorporation of a business are important for providing accountability and transparency in accounting matters, reporting duties, and procedural issues. At The law offices of Benckendorf & Benckendorf, P.C., our attorneys work closely with small and medium sized businesses in evaluating and determining how best to organize their company.

We also work with clients who are just starting a company and are interested in establishing a firm legal foundation for their restaurant, real estate business, retail store, or subcontracting company. Our office consults tax experts, accountants, and financial planners in determining how best to position your company for tax, financial, and legal purposes.

To schedule an appointment and learn how we can help you start out on the right foot or strengthen your current foundation, contact our business organization attorneys at Benckendorf & Benckendorf, P.C. today.

WARNING! A non-governmental firm called "Illinois Corporate Compliance" or "Annual Corporate Compliance" is contacting Illinois businesses in an attempt to collect a $150 fee to file corporate meeting minutes. Please be aware that corporations are NOT required by law to file minutes with ANY government or private entity. It is recommended that corporations do NOT reply to the solicitation.

Establishing a Firm Legal Foundation for Your Business

The business organization attorneys at Benckendorf & Benckendorf, P.C. advise and represent clients in regard to the following:

  • Limited Liability Company, Individually and Series (L.L.C.)
  • Limited Partnerships (L.L.P.)
  • C corporations
  • S corporations
  • Incorporating a new or existing business
  • Preparing documents for a partnership or L.L.C.
  • Negotiating and preparing documents for the sale or purchase of businesses
  • Drafting redemption, buy-sell, employment, non-compete and other agreements and contracts
  • Drafting annual and special minutes and informal actions as well as annual reports
  • Business litigation
  • Handling business dissolutions
  • Partnership agreements
  • LLC v. S Corp

Why Bylaws Matter - Protecting Yourself from Liability

Most businesses start out as a venture between friends or family members. Consequently, money and bank accounts are managed with little formal reporting structure or accountability. Once a partnership or corporation is established, however, it's essential that financial accountability and transparency in regard to bank accounts and company funds be provided for in your bylaws or a partnership agreement.

If your business partner decides to "borrow" company funds to pay for his or her kid's college tuition, you could be held legally liable to investors, shareholders, or vendors if your bylaws don't indemnify you in certain situations. Our attorneys explain how to put certain protections and checks and balances in place so you don't find yourself facing legal difficulties or criminal charges later.

Contact Business Organization Attorneys at Benckendorf & Benckendorf, P.C.

We understand how to organize a business and avoid certain kinds of taxes while avoiding different kinds of liability. To schedule an appointment to discuss your case, contact The law offices of Benckendorf & Benckendorf, P.C. today.