Naperville, IL
Mergers and acquisitions Lawyer at Naperville, IL
Practice Areas: Mergers & Acquisitions, Corporate & Incorporation ... +3 more
Look at Dass v. Yale. Under that you could set up an Illinois LLC and have no liability for your own fraudulent misconduct if manager managed....
If your insurance will cover everything that comes up and pays out timely, then you would be fine.... But insurance doesn't cover everything....
Generally speaking, you can register a foreign LLC to do business in Illinois with the Secretary of State. If your profession has other licensing...
If it truly is a partnership and not a corporation or LLC, that should also be fixed. Suggest your father sit down and explain the entire situation...
Legally, possibly not as it was probably sold "as is" at a garage sale and you may not qualify as a merchant dealing in those good so an implied...
If you create an S corp you will need to meet the corporate formalities to avoid possibly losing any liability protection. You clearly don't know...
Sounds like a lease or sub-lease to me. If a sub-lease, make sure the original lease allows it. If a lease, make sure you have good tenant lease...
If you are really trying to "convert" it into a CA entity as opposed to just doing business in CA, then you will likely need to do a merger of your...
Most businesses are formed with the standard general purpose clause that appears on the Articles of Incorporation or Articles of Organization....
I would like to know of the tax benefits you mention. I can't think of any. The Delaware and Illinois LLC statutes are pretty similar - Delaware...
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