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 61942

Do I Need a Lawyer to Start a Business in Zip Code 61942


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 61942
Rueda Ivan
1217 N Milwaukee Ave # 2
Chicago, IL 60642
(773) 252-9800
General Practice Attorneys, Attorneys
Gwen Carroll Ltd
700 N Green St # 402
Chicago, IL 60642
(312) 948-9800
General Practice Attorneys, Attorneys
Fogart & Fugate LLP
1433 W Huron St
Chicago, IL 60642
(312) 624-9318
Administrative & Governmental Law Attorneys, Federal Law Attorneys, Attorneys
Timothy J. McGrath
440 S State St
Manhattan, IL 60442
(815) 214-9200
Attorneys, Family Law Attorneys
Swearingen Brad M
149 S Lincolnway
North Aurora, IL 60542
(630) 896-8881
Family Law Attorneys, Attorneys, Legal Service Plans
Duggan John
181 S Lincolnway
North Aurora, IL 60542
(630) 264-7893
Attorneys, General Practice Attorneys, Legal Service Plans
Doyle Law Team
211 E Main St
Hoopeston, IL 60942
(217) 283-7717
Social Security & Disability Law Attorneys,  Attorneys,  Malpractice Law Attorneys,  Accident & Prop
Johnson & Johnson PC
171 W Lincoln Ave
Lewistown, IL 61542
(309) 547-7433
Attorneys, Family Law Attorneys, Accident & Property Damage Attorneys, Corporation & Partnership Law
C and B Kezios
1400 N Halsted ST
Chicago, IL 60642
(312) 867-7407
General Practice Attorneys
Aaron Spivack
811 W Superior St
Chicago, IL 60642
(312) 243-7317
Attorneys, Legal Service Plans
Collins Ted G
177 W Lincoln Ave
Lewistown, IL 61542
(309) 547-7211
Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnership Law Attorneys,  Legal S
Schatz Family Law
525 N Ada St # 36
Chicago, IL 60642
(312) 846-6735
Guilfoyle Kathleen M
1316 Meriden St
Mendota, IL 61342
(815) 539-6711
Attorneys,  Elder Law Attorneys,  Accident & Property Damage Attorneys,  Wills, Trusts & Estate Pla
Kaleel David M
806 Jefferson St
Mendota, IL 61342
(815) 539-5616
Estate Planning Attorneys,  Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Business Bankru
Ryan Law Offices
11021 Woodstock St Ste 200
Huntley, IL 60142
(847) 455-5575
Bankruptcy Law Attorneys, Real Estate Attorneys, Attorneys
Chris Doscotch
156 N Adams St
Lewistown, IL 61542
(309) 547-5201
Employee Benefits & Worker Compensation Attorneys,  Attorneys,  Accident & Property Damage Attorneys
Bokus Michael G
609 8th Ave
Mendota, IL 61342
(815) 539-5002
General Practice Attorneys, Accountants-Certified Public, Attorneys
Sandy N. Isaacson
1000 N Halsted St Suite 203
Chicago, IL 60642
(888) 680-4299
General Practice Attorneys, Attorneys, Legal Service Plans, Business Law Attorneys
Cook Alvaro LTD
149 S Lincolnway
North Aurora, IL 60542
(630) 892-3947
Attorneys,  Criminal Law Attorneys,  Personal Injury Law Attorneys,  DUI & DWI Attorneys,  Legal Ser
Booth Robert P LTD
149 S Lincolnway
North Aurora, IL 60542
(630) 892-3938
Corporation & Partnership Law Attorneys, Attorneys, Legal Service Plans, Employee Benefits & Worker
Holland Troy D
812 Washington St
Mendota, IL 61342
(815) 539-3711
Attorneys, Wills, Trusts & Estate Planning Attorneys, General Practice Attorneys, Legal Service Plan
Casa Sanchez
1248 W Chicago Ave
Chicago, IL 60642
(312) 243-2561
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Fleck Michael J
11608 Dean St
Huntley, IL 60142
(847) 669-2558
Attorneys, Business Law Attorneys, Real Estate Attorneys, Estate Planning Attorneys, Legal Service P
Cabrini Green Legal Aid
740 N Milwaukee Ave # B
Chicago, IL 60642
(312) 738-2452
Attorneys Referral & Information Service, Legal Clinics, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US