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

Showing 6 - 10 of 16 reviews | Practice Area Knowledge

Posted by Mark | August 30, 2019 | Hired Attorney | Tax

Very competent and professional law office!

My recent 1031 tax exchange deal was executed flawlessly thanks to Mr. Fornaro and his very capable staff. Highly recommend!!!

Posted by Kasia S | August 28, 2019 | Hired Attorney | Real Estate

Efficient help in a difficult closing

John Heneghan was on top of our closing. Excellent work. Very professional and fast.

Posted by Tom | June 03, 2019 | Hired Attorney | Real Estate

Great Job!!!

The Fornaro Law team was great to work with; Phil, Allison and John all did a wonderful job in the sale of our home and the purchase of our new home. Highly recommend Phil and his team!

Posted by Ursula | April 12, 2019 | Hired Attorney | Real Estate

Review for service provided by Allison Walsh and John Heneghan

During the recent sale of our rental property, Allison Walsh and John Heneghan provided outstanding service. They were professional, knowledgeable and accessible. They helped us navigate through the selling process from the time we signed the contract to closing. We highly recommend Fornaro Law and w...ill definetly use them again should the need arise.

Posted by Cameron | March 01, 2019 | Hired Attorney | Business

Fantastic Legal Representation!

My firm has been using Fornaro Law for a while now, and I can honestly say that I am very impressed with them. Although I am now spoiled by their service, I remember when we first hired them to represent our business. I was amazed how incredibly thorough they were when drafting our agreements. They a...sked very detailed questions and seemed to think of every possible scenario in which we could become exposed legally. They have created many agreements for us including sales agreements, non-disclosure agreements, operating agreements, license agreements, and agreements to provide services. Each one was extremely well thought out and was delivered in a very reasonable time-frame. I call them frequently if I am uncertain about a potential upcoming business arrangement, and they have never failed to provide sound advice that was in our company's best interest. They are by far THE MOST knowledgeable attorney I have ever come across when it comes to dealing with anything relating to cryptocurrency. They have vast connections in the industry that we as a business have benefited from. I could not be more proud to be a client of Fornaro Law and highly recommend them!

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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

No Endorsement Data Available Yet
This attorney hasn't created any attorney endorsements recently on Avvo.

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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Avvo Rating Levels
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