Knowledge Center

Monday, September 22, 2014

"Twenty-Sixth Annual How to Form an Illinois Business Entity: Corporations and Their Alternatives"

Chicago Bar Association

Part 1: Thursday, September 11, 2014

Part 2: Thursday, September 18, 2014

Presented by CBA Business Law Committee

PART 1 - Overview and Selecting and Forming the Business Entity

Until recently, the preferred form chosen by business lawyers was the Corporation. The preferred entity today is becoming the Limited Liability Company. With recent developments, the choice from the dozen or so available entities has become more complex. How do you advise clients? Every potential business entity must be examined for: tax consequences, liability consequences, and management and control issues and then tailored to each client's needs.


  • Overview of Business Entities
  • Choice - LLC, C Corporation or S Corporation
  • Pitfalls in the Operation of Closely-held Entities
  • Illinois Secretary of State


PART 2 - Documentation and Special Issues


  • Drafting the LLC & Partnership Documents
  • Getting the Financing: Securities Laws
  • Forming a Corporation
  • Ethics for the Business Lawyer


NOTICE: Emailing an attorney shall not and does not create an attorney-client relationship between the attorney and users of this web site or any other party whatsoever. An attorney-client relationship is ONLY established through a written engagement, and only where doing so would comply with all applicable laws and ethical rules.

CONFIDENTIAL INFORMATION: Transmission of information on-line, over email, or through any electronic means can be unstable, unreliable and insecure. You should not send information or facts via e-mail relating to your legal problem or question. If you do not have an existing attorney-client relationship, your e-mail may not be privileged or confidential.

By clicking 'OK' below, you are agreeing to the terms of this web site.

Please fill out the form below and we'll send an email out about this page to a recipient of your choice.

Copy: Check here if you would like a copy of the email.