All in Business

Changing Business Structure in the State of Illinois

What if the business entity you choose doesn’t end up being right for your business? What if your enterprise has evolved and now it seems a different entity structure is a better fit? Are you stuck with the choice you made when you first established your business? A new law allows entities to more easily convert from one entity type to another and to change states where the business is domesticated. Read on to find out more…

LLC Good Governance: Top 4 Best Practices

As a business owner, you’re responsible for the proper governance of the LLC.  If a conflict arises and you are unable to control the outcome, you can ensure that the LLC presents clear evidence of its intent and purpose by practicing good governance. Read on to find out the top 4 steps to practicing good governance.

Benefits to Hiring a Lawyer for Entrepreneurs

Entrepreneurs wear many hats, and it can be difficult to see from the inside when to ask for help. Set yourself up for success from the start by making sure you have the right attorney on your team. it’s never too late to bring an attorney on to round out your team. Read on to see how many areas the right attorney will touch in your business.

Personal Creditors CAN Collect Debts from Your LLC Member Interests

An LLC has a corporate veil that protects a company owner from being personally liable for the business’s debts. Even though an LLC is created to separate the business’s finances from the members’ finances, an individual member’s interest in the LLC could become subject to a court order to pay a creditor in certain circumstances. Read on to find out how and when your LLC member interest could be attached by a personal creditor.