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.
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
Michael Schlesinger is the Director of the Business Transactions Externship Program (... more
Michael Schlesinger is the Director of the Business Transactions Externship Program ("BTEP") at The John Marshall Law School, Chicago, Illinois. In effect, the BTEP is a business law clinic that provides pro bono legal services to not-for-profit organizations and business clients wtih limited financial resources to retain a lawyer in connection with business and transactional matters. Legal ser... 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.