12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Lawyer to Start a Business in Zip Code 60025

Do I Need a Lawyer to Start a Business in Zip Code 60025


The true entrepreneur is a doer, not a dreamer.
 
- Nolan Bushnell


Every day, thousands of Americans embrace their dream and start their own company.

Entrepreneurs are the lifeblood of the American economy. Small businesses make up 99% of all businesses, employ half of all private sector employees, and have generated two thirds of new jobs in the last two decades.

Entrepreneurs know they'll need a good business plan, some expert help, a little start-up money, and a lot of dedication. A small business owner may need to pick a name, choose a business structure, obtain permits and hire employees.

Picking a unique name allows you to obtain trademarks and copyrights, differentiates your business from competitors, and makes your brand more memorable. See if you can register the web url for your business name dot-com. Look up the U.S. Patent & Trade Office's database for your exact name, misspellings, or similar names. Check with your county clerk and your Secretary of State to make sure your business name is unique. If your business is going to be a corporation, LLC, or limited Partnership, you will have to register your name with your Secretary of State as well. Finally, register your name on social media, such as Twitter and Facebook.

There are several business structures to choose from and each has its own distinct advantages and disadvantages. For example, an LLC protects you best from liability. A sole proprietorship is the easiest business structure to set up. However, it provides the least amount of financial and legal security compared to other business structures. Partnerships are more complicated than sole proprietorships. Partners generally share profits and losses equally and do not get a salary from their partnership. Forming a partnership does not require a written Partnership Agreement, although it is highly recommended.

Incorporating may involve more paperwork on an ongoing basis and may increase taxes, but they also shield owners from liability and provide the infrastructure for corporate stocks.

Creating a Nonprofit Organization is an option for organizations that aim to do public good rather than turn a profit. Nonprofit status, provides limited liability protection and may qualify for tax exempt status, access to grants, and receive tax deductible donations. There is far more paperwork and scrutiny for NPOs. A nonprofit's finances are open to public inspection and it is not owned by its founders; if an NPO dissolves, its assets are usually given to another NPO. If assets are used for private benefits, they can be seized.

No business is too small to incorporate and the time it takes to form a corporation, LLC, or non-profit at 12Law.com is minimal.

There are a number of tasks that you may be able to accomplish without the expense of a lawyer: 1) form your own Partnership, LLC or corporation; 2) create your own partnership agreement, LLC operating agreement or shareholder's agreement; 3) apply for your business employer identification number (EIN); 4) apply for the required business licenses and permits; 5) lease commercial space; 6) interview and hire employees, and complete the necessary IRS paperwork; 7) research and reserve a trademark or trade name for your business; 8) file a fictitious business name statement if you will do business under a different name; 9) research and reserve a name for your corporation or LLC; 10) apply for and reserve a domain name, if you will do business on the Web.

If you're set up as a sole proprietorship or partnership, it might be a good idea to get liability insurance. If you're going to need buses, vans, or cars, you should insure those too. And looking into general business insurance is always a smart choice.

Only you can decide if hiring a lawyer is right for you. Check out 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free IL Partnership Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Related Legal Services near Zip Code 60025
Kao Rachel H
950 Milwaukee Ave # 335
Glenview, IL 60025
(847) 768-9998
General Practice Attorneys, Attorneys
Chee Jonathon
1245 Milwaukee Ave # 303
Glenview, IL 60025
(847) 795-9100
Attorneys
Lee Michael
1245 Milwaukee Ave # 11
Glenview, IL 60025
(224) 567-8750
Bankruptcy Law Attorneys, Attorneys
Daemicke Dale W
646 Raleigh Rd
Glenview, IL 60025
(847) 724-8725
Attorneys, Bankruptcy Law Attorneys, Real Estate Attorneys
Haffner Joseph
800 Waukegan Rd Ste 200
Glenview, IL 60025
(847) 729-6900
General Practice Attorneys, Attorneys, Legal Service Plans
Kenneth M. Alpert
1701 E Lake Ave
Glenview, IL 60025
(847) 239-5582
Attorneys, Civil Litigation & Trial Law Attorneys, Criminal Law Attorneys
Consuelo Bedoya-Witt
1701 E Lake Ave Ste 300
Glenview, IL 60025
(847) 730-5556
General Practice Attorneys, Attorneys, Legal Service Plans
Borth Paul
800 Waukegan Rd
Glenview, IL 60025
(847) 724-5520
General Practice Attorneys, Attorneys
Law Officees of Karm & Petterson
2400 Ravine Way Ste 200
Glenview, IL 60025
(847) 724-5150
General Practice Attorneys, Attorneys, Legal Service Plans
Provenza James PC
1701 E Lake Ave
Glenview, IL 60025
(847) 729-3939
Attorneys, Wills, Trusts & Estate Planning Attorneys, Probate Law Attorneys
Pappas & Bell
234 Waukegan Rd
Glenview, IL 60025
(847) 724-3700
General Practice Attorneys, Attorneys
Taksin, Aaron - Aaron Taksin Law Offices
800 Waukegan Rd Ste 204
Glenview, IL 60025
(847) 729-2900
Attorneys, Family Law Attorneys, Divorce Attorneys, Real Estate Attorneys, Estate Planning Attorneys
Spada David M
1701 E Lake Ave # 200
Glenview, IL 60025
(847) 729-2667
General Practice Attorneys, Attorneys, Legal Service Plans
Suizzo Anthony G
1701 E Lake Ave # 310
Glenview, IL 60025
(847) 853-0300
General Practice Attorneys, Attorneys, Legal Service Plans
Muir & Assoc
1701 E Lake Ave # 371
Glenview, IL 60025
(847) 486-0222
Attorneys, General Practice Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US