I have extensive experience in business litigation cases, including breach of... more
I have extensive experience in business litigation cases, including breach of contract, business torts, legal malpractice, and feuds between shareholders of closely held businesses. I have also incorporated many entities, including S Corporations and Limited Liability Companies and have drafted and negotiated many operating agreements and shareholder agreements.
Alexander Passo represents clients on a variety of matters with a concentration on:... more
Alexander Passo represents clients on a variety of matters with a concentration on: internal business disputes, emergency business litigation, breaches of contract, fraud, and professional negligence. He has considerable experience drafting briefs in opposition and in support of dispositive motions-- including recently drafting a brief that resulted in summary judgment for a real estate develop... view profile
Often, the legal profession forgets that it is a service industry. This is... more
Often, the legal profession forgets that it is a service industry. This is especially true for small business owners who often feel left out as attorneys pursue larger clients. I recognize that small businesses make up a majority of new hiring in the United States, and are the economic engine of our economy. I treat my small business clients accordingly. I focus my practice on strategies to hea... view profile
I grew up in Normal, Illinois and worked with my father's family farm in Carlock and... more
I grew up in Normal, Illinois and worked with my father's family farm in Carlock and Eureka, Illinois. While teaching various law and business courses at local colleges, I entered private practice in Illinois in 2000. I have a lovely wife and two wonderful children. I spend most of my spare time with my family, working on our 21 lot residential subdivision at Cobblestone Lake (www.visit... view profile
I have counseled many businesses, from the smallest to very large companies, from... more
I have counseled many businesses, from the smallest to very large companies, from routine corporate actions to major transactions. Among other things I have specialized in finance, working with lenders and borrowers on standard (at low cost) to complicated financings, including leveraged leases, stock and bond securities, taxable and tax-exempt bonds, and all kinds of security, from receivables... view profile
Creating a limited liability company, or LLC, is one of several ways to structure a business. The other choices are general, limited, or limited liability partnerships. A shareholder in an LLC is not personally liable for any of the debts of the company, other than for the money they invested in that company. In a general partnership, all partners manage the business and are personally liable for its debts. In limited partnerships, partners' liability is limited and they have no voice in the decision-making. And in a limited liability partnership (LLP), all partners have some degree of limited liability. A lawyer with LLC experience can help you determine if forming an LLC is advantageous and appropriate for your business. If you decide to form an LLC, the attorney can draft the paperwork you need to formalize your choice, including provisions for management, ownership transfers, and profit and loss distributions.