Business Formation

Realize your dream of starting a business with our business formation attorneys
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Business Formation Attorney In Chicago, Illinois

Getting Your Business Off On The Right Foot

So, you’re ready to make your dream a reality. But to make a success of it entails a lot of risks. While we can’t help with logistics logjams, we can protect your business from the legal risks involved in business formation. Our experienced business formation lawyers can help you choose the best type of business legal structure for your specific situation. With years of experience helping businesses get off on the right legal footing, we can make a huge positive impact. Start your entrepreneurial journey today!

Contact Grant Park Legal Advisors LLC to schedule a consultation with a lawyer today. 312-675-4820

We help our clients select and form the appropriate business structures, such as:



  • S Corporations
  • C Corporations
  • Limited Liability Companies (LLC)
  • Partnerships
  • Joint Ventures


In so doing, we consider relevant factors such as the nature of the business, the number of parties involved, and the tax treatment of the enterprise. The ultimate objective is to form business structures that will facilitate success. We also prepare the necessary foundational documents (e.g. articles of organization, bylaws, and resolutions) and assist with obtaining required licenses and permits. Our attorneys also negotiate and draft underlying business agreements such as: 


  • Shareholder agreements
  • Partnership agreements
  • Operating agreements
  • Nondisclosure and noncompete agreements
  • Buy-sell agreements


In addition, we advise clients on matters such as commercial real estate transactions and leasing and help seek out strategic opportunities.

What Type of Business Structure Should I Choose – Corporation or Partnership?

There are several ways you can structure your business. If you have shareholders and a high risk factor, a corporation might be your best choice since shareholders cannot lose their personal assets even when they lose the funds they invest. Partnerships are perhaps the riskiest structures you can choose. In a general partnership, each partner assumes liability for the company’s debts and the other partner’s actions. In a limited partnership, though, the limited partners are not liable for the company’s debts. However, this structure requires that one of the partners remains liable for the partnership’s debts. Don’t start your business without knowing what option suits your business model best. Schedule a chat with one of our business formation lawyers to learn which type of business is best suited to your needs.

Are There Any Other Structural Options for My Business?

Most smaller startups choose the limited liability company (LLC) option. LLCs have the liability protection of corporations while still having the option to choose how to distribute their profits. They also are eligible for the pass-through tax option – paying individual income taxes rather than the higher rate the government imposes on corporations. Our business formation legal team can help you find which structural option is the best choice for your situation. Get in touch today to arrange a consultation with one of our attorneys.

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