Questions answered by Jeffrey W. Kreye

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What type of agreement needs to be in place to protect partners in a startup from independently using partnership created works?

Jeffrey's answer | Answered on April 02, 2014

You need an agreement among the "partners" that discusses that issue as well as buy-sell issues, governance issues and the like. Assuming it is...

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My father passed away in july of 2013..he had a will leaving everything equally split between me and my sister.

Jeffrey's answer | Answered on March 06, 2014

Unfortunately, yes, that is true. Assets held in joint ownership or with a designated beneficiary trump the terms of the will, because those...

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When looking for a lawyer, I am told to look for an attorney who is qualified and competent.

Jeffrey's answer | Answered on October 31, 2012

You can check with the Attorney Registration and Disclipline Commission to see if a lawyer has had complaints filed against him or her by a...

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Living trust in IL

Jeffrey's answer | Answered on October 30, 2012

As previous posters habe answered, that is certainly possible. However, another important consideration with regard to the power of attorney for...

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Live in Chicago area. Would like to put together a Will and Trust.

Jeffrey's answer | Answered on October 30, 2012

Most of the lawyers that do this type of work in the Chicagoland area have similar fees, which depend on the complexity of the plan that best fits...

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My sister and i want to start a clothing and acessories shop. we need to find out what is the best way to protect ourselfs.

Jeffrey's answer | Answered on October 30, 2012

There are many types of entity to choose from, and all can be formed quickly and relatively inexpensively in IL. But there is no substitute for...

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I want to start my own small business and was wondering if it was better to be incorporated or have the company a LLC?

Jeffrey's answer | Answered on October 30, 2012

Sorry to sound like a lawyer, but the answer is "it depends." There is no silver bullet. There are multiple plusses and minuses to both entity...

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After my death I want my son be able to access my accounts and take all my assets for himself. How can I arrange it?

Jeffrey's answer | Answered on September 13, 2012

I agree with Mr. Moore. A "payable on death" designation will work for most bank accounts, and Illinois now has a "transfer on death" option...

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What are the rights of a Stockholder in an "S "Corporation Company?

Jeffrey's answer | Answered on February 09, 2009

The answer will depend on the state in which the companies are incorporated, as well as on the Bylaws of the companies and any shareholders or...

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Closing s corp

Jeffrey's answer | Answered on July 07, 2008

You need to consult with an attorney in your area to make sure you properly close down the corporation to avoid personal liability. Many states...

Jeffrey W. Kreye's Answers (11)

What type of agreement needs to be in place to protect partners in a startup from independently using partnership created works?

My father passed away in july of 2013..he had a will leaving everything equally split between me and my sister.

When looking for a lawyer, I am told to look for an attorney who is qualified and competent.

Living trust in IL

Live in Chicago area. Would like to put together a Will and Trust.

My sister and i want to start a clothing and acessories shop. we need to find out what is the best way to protect ourselfs.

I want to start my own small business and was wondering if it was better to be incorporated or have the company a LLC?

After my death I want my son be able to access my accounts and take all my assets for himself. How can I arrange it?

What are the rights of a Stockholder in an "S "Corporation Company?

Closing s corp