Philip Michael Fornaro

Philip Michael Fornaro

also known as Fornaro Law

4.8
Rating: 7.3

Licensed for 30 years

Commercial real estate Lawyer at La Grange, IL
Practice Areas: Commercial, Corporate & Incorporation, Real Estate ... +12 more

1022 S. La Grange Road, La Grange, IL

About Philip

Biography

Practice Areas

15

Practice Areas

Commercial Real Estate 19%

Commercial and industrial purchases and sales. Lease and contract drafting. 1031 Exchanges. Development deals, economic incentive, zoning, Tax increment financing. Representing both buyers and sellers.

31 years

19%
Corporate and Incorporation 11%

Corporate formation, LLC, asset protection, succession planning, small business, start up, entrepreneurs, stock & asset sale agreements, merger & acquisitions, employment law, Bitcoin, Altcoin, Blockchain, artificial intelligence, cryptocurrency.

31 years

11%
Business 10%

At Fornaro Law, our start-up business attorneys offer a range of start-up business legal services to entrepreneurs, inventors, and business professionals throughout Illinois. We work closely with each new start-up from organization through each phase

31 years

10%
Mergers and Acquisitions 10%

Preparation of contracts, bulk sale, asset and stock transactions, earn out agreements, employment agreements.

31 years

10%
Real Estate 10%

Any aspect of real estate. Zoning, deeds, mortgages, promissory notes, liens, inspections, approval, leases, investment property.

31 years

10%
Contracts and Agreements 9%

Drafting of agreements & contracts for complex business purchases, residential, commercial real estate, employment & development agreements for contractors, articles of agreements for deeds & land contract, leases, trucking owner operator agreements.

31 years

9%
Land Use and Zoning 5%

Zoning, map & text amendments, land use, variations, special use, tax increment financing, sales tax and development agreements, development notes, public and private sector clients, ordinance drafting, eminent domain, licensing, zoning litigation.

31 years

5%
Limited Liability Company (LLC) 5%

LLC Formation, Series, asset protection, membership transfer, small business, start up, entrepreneurs, stock & asset sale agreements, merger & acquisitions, employment law, Bitcoin, Altcoin, Blockchain, artificial intelligence, crypto.

25 years

5%
Litigation 5%

Federal & state litigation, administrative hearings, municipal, zoning, civil rights, commercial litigation, real estate & boundary disputes, landlord & tenant, foreclosure, construction, contractor litigation, & mechanics liens.

31 years

5%
Residential Real Estate 5%

Our attorneys and staff regularly assist people seeking to buy or sell residential homes. Title insurance, Purchase agreements, Deeds, Easements

31 years

5%
Venture Capital 5%

Preparation of private placement memorandum, operating agreements, fund corporate structure, licensing agreements, confidentiality and non-compete agreements.

10 years

5%
Banking 2%

Preparation and review of commercial loan documents, opinion letters, complex litigation, collections, workouts, foreclosures, reviewing and creating loan commitment letters, promissory notes, mortgages, and guarantees

12 years

2%
Estate Planning 2%

Revocable and irrevocable trusts, wills, probate, estate planning, beneficiary, heir and executor representation, small estate.

19 years

2%
Bankruptcy and Debt 1%

Chapter 11 bankruptcy and restructuring. IRS dispute issues and subordination of federal and state liens.

17 years

1%
Power of Attorney 1%

Preparation of durable powers of attorney for property and health care.

19 years

1%

Fees and Rates

Cost

Free Consultation

$0 first 30 minutes

Hourly Rates

$ 225-400 per hour

Retainer

Always


Payment Methods

  • Cash
  • Check
  • Credit Card

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Licenses

Licensed in Illinois for 30 years

State: Illinois

Acquired: 1995

Active and Authorized to Practice Law

No misconduct found

Location

Fornaro Law

1022 S. La Grange Road, La Grange, IL, 60525-2845

Fornaro Law

23 N. Lincoln Street, Unit 101, Hinsdale, IL, 60521

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Philip Michael Fornaro's Reviews

Avvo Review Score

4.8 /5.0

37 Client Reviews

5 star (35)
4 star (0)
3 star (0)
2 star (0)
1 star (2)

Posted by Peter | March 1, 2022 | Hired Attorney

This review is from a person who hired this attorney.

collection of a return check

I want to give John Lara the highest thanks in representing my business on a return check I got back after my business cashed it. After several attempts in trying to collect on my own I contacted the Fornaro law office and was put in touch with John Lara. He accepted the challenge &collected the fund...s.Excellent work on his behalf.The law firm will now get all my business.

Posted by Mary Ann | October 27, 2021 | Hired Attorney

This review is from a person who hired this attorney.

Review of John Lara - Probate

Probate is stressful and complicated. John Lara, with all his expertise, knowledge and understanding, guided me through the entire process from beginning to end. Some unique and complicated matters arose; but, with his broad understanding of the law, John was able to handle and resolve anything that ...came along. He is an excellent communicator and has a way of looking at all things in a positive light. It is a privilege to have John Lara as my attorney.

Posted by Carol | August 30, 2021 | Hired Attorney

This review is from a person who hired this attorney.

Simply the Best

I contacted Fornaro Law regarding a family real estate matter and was directed to John Lara. John was understanding of the situation, responsive, knowledgeable, exercised excellent judgment, and was an all-around pleasure to work with. I highly recommend John Lara of Fornaro Law to anyone needing l...egal representation with a real estate transaction.

Posted by Hung Kei | January 29, 2021 | Hired Attorney

This review is from a person who hired this attorney.

Definition of professionalism and client oriented

I started my relation with Fornaro Law in late 2016 with purchase of my condo. My immediate gut feel with Philip and Mary are their attentiveness to clients. They helped me navigate the purchase contract maximizing my protection at every stage. Communication was timely and clear all throughout the en...tire process to closing in 2021. I feel they are genuinely invested in each client's wellbeing no matter the size of the transaction. This has been their modus operandi throughout their growth to the current firm. My attorney for closing was Habib Wardack. He was extremely easy to work with and answered all of my concerns. The mortgage application was very challenging with one bank and necessitating changing bank at the very last moment. Habib then helped me secured pre closing possession with the most favorable terms. Closing was a breeze with him patiently guiding me through the mountain of paperwork. I had complete confidence in him which is what made the process nearly stress free. Again, the most important aspect of Fornaro Law is the people and the feeling they have not changed their philosophy despite tremendous growth. That is hard to find these days.

Posted by anonymous | January 2, 2021 | Hired Attorney

This review is from a person who hired this attorney.

Home purchase

My experience with Allison Walsh and Mary Bryk was beyond phenomenal. They guided us throughout the entire lengthy process of buying a short sale. They are highly professional and very responsive to correspondence. I highly recommend Fornaro law to guide anyone in the process of buying a property.

See All Client Reviews

Philip Michael Fornaro's Lawyer Endorsements

Endorse Philip
David P Lloyd headshot
David Lloyd

Litigation lawyer | Feb 05

Relationship: Worked together on matter

"Phil Fornaro is a skilled and experienced litigation attorney. I have referred several litigation matters to him, with confidence. I have worked together on several cases with Phil and his associates, and I recommend him enthusiastically."

View All Endorsements

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Experience

Rating:  7.3 (Very Good)

Honors

2014

One of the Best Attorneys in the Western Suburbs, Suburban Life Newspaper

Work Experience

2004 - Present

Managing Attorney, Fornaro Law

Associations

2019 - Present

Western Springs Business Association

Member

2015 - Present

Legacy Guild

Advisory Board

2015 - Present

Hinsdale Chamber of Commerce

Member

2013 - Present

La Grange Business Association

President

2013 - Present

West Suburban Chamber of Commerce

2014 - 2015

Rotary Club of La Grange

Fundraising Chair

Sample of Legal Cases

Village of Broadview v Chicago Joes

Successful result on Appeal. Remanded to state court.

See More Legal Cases

Education

1995

John Marshall Law School, Chicago

JD - Juris Doctor

1995

John Marshall Law School, Chicago

LL.M - Master of Laws

1991

Northwestern University

BA - Bachelor of Arts

Speaking Engagements

2019

Document Review, Analysis & Interpretation Using Artificial Intelligence

Document Review Using Artificial Intelligence

2018

The Future of Technology in Business Technology and the Effect on Business and the Law

2018

Revolution Chicago 2.0

Block Chain Roundtable

2018

CEO Roundtable Chicago

How Business Gets Done: Why the Blockchain, Artificial Intelligence, and Technology are Changing Everything

2018

Blockchain, Bitcoin...The Future is here Blockchain and Bitcoin

2018

Bitcoin for Beginners Blockchain and Bitcoin

2015

Publications

2017

Illinois Department of Financial Regulation Bitcoin

Languages

English

Italian

Activity

Avvo Rating

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  • Experience & background Years licensed, work experience, education
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Avvo Rating Levels
10.0 - 9.0 Superb8.9 - 8.0 Excellent7.9 - 7.0 Very Good6.9 - 6.0 Good5.9 - 5.0 Average4.9 - 4.0 Concern3.9 - 3.0 Caution2.9 - 2.0 Strong Caution1.9 - 1.0 Extreme Caution