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 Elwin, IL

Do I Need a Lawyer to Start a Business in Elwin, IL


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 Elwin, IL
Block, Klukas & Manzella, P.C.
19 W Jefferson St
Joliet, IL 60432
(815) 726-9999
Accident & Property Damage Attorneys,  Litigation & Tort Attorneys,  Personal Injury Law Attorneys,
Joseph K Janusonis Law Office
71 N Ottawa St
Joliet, IL 60432
(815) 740-9903
General Practice Attorneys, Attorneys
Speaking of Work
PO Box 564
Lisle, IL 60532
(630) 969-9765
Attorneys
Eden Robert E
722 Santa Fe Dr
Freeport, IL 61032
(815) 235-9749
Attorneys,  Probate Law Attorneys,  Accident & Property Damage Attorneys,  Wills, Trusts & Estate P
Doak Darin
10 N Galena Ave # 210
Freeport, IL 61032
(815) 235-9678
Accident & Property Damage Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Lipner Ryan
5007 Lincoln Ave
Lisle, IL 60532
(630) 724-9460
Paralegals
Lietz Greg
220 N Vermilion St
Danville, IL 61832
(217) 446-9436
Attorneys
Carley Renzi & Orr
58 N Chicago St # 303
Joliet, IL 60432
(815) 722-9350
Attorneys Referral & Information Service, General Practice Attorneys, Attorneys
Rosario Cibella Ltd
116 N Chicago St # 600
Joliet, IL 60432
(815) 722-9300
Attorneys Referral & Information Service, General Practice Attorneys, Attorneys
Marcos D Reyes
4111 S Richmond St
Chicago, IL 60632
(773) 471-9288
Criminal Law Attorneys, Attorneys, General Practice Attorneys
Troha George P
71 N Chicago St
Joliet, IL 60432
(815) 727-9271
Attorneys Referral & Information Service,  Attorneys,  General Practice Attorneys,  Legal Service Pl
Mevorah Law Offices
58 N Chicago St Ste 500
Joliet, IL 60432
(815) 726-9200
Employee Benefits & Worker Compensation Attorneys,  Attorneys,  Criminal Law Attorneys,  Family Law
Bonds Zumstein & Konzelman
60 N Chicago St
Joliet, IL 60432
(815) 322-9087
Attorneys
Koyl Ben W
5 W Jefferson St
Joliet, IL 60432
(815) 714-8993
Tax Attorneys,  Attorneys,  General Practice Attorneys,  Tax Return Preparation,  Legal Service Plan
Lee Gunter Law Office
58 N. Chicago Street, Suite 303
Joliet, IL 60432
(815) 726-8916
Attorneys Referral & Information Service, General Practice Attorneys, Attorneys
Wilcox Roy
16 W Madison St
Danville, IL 61832
(217) 431-8757
Legal Service Plans,  Attorneys,  Accident & Property Damage Attorneys,  Real Estate Attorneys,  Gen
Brown W Neil
222 W Exchange St # 104
Freeport, IL 61032
(815) 235-8640
Attorneys, Legal Service Plans
Reed John A Ltd
63 W Jefferson St
Joliet, IL 60432
(888) 993-8520
Attorneys, Bankruptcy Law Attorneys
Henderson Law & Mediation Center
23 W Jefferson St
Joliet, IL 60432
(815) 726-8500
Attorneys, Family Law Attorneys
Patricia Rummer Law Offices
5950 Lincoln Ave # E
Lisle, IL 60532
(630) 852-8393
General Practice Attorneys, Attorneys
Harris Kurt
15 N Division St
Du Quoin, IL 62832
(618) 542-8232
Attorneys, Accident & Property Damage Attorneys, Corporation & Partnership Law Attorneys, Legal Serv
Jones Devin M
15 N Division St
Du Quoin, IL 62832
(618) 542-8232
Attorneys, Labor & Employment Law Attorneys, General Practice Attorneys, Employee Benefits & Worker
Andreano & Lyons
58 N Chicago St # 506
Joliet, IL 60432
(815) 954-8175
Attorneys, Family Law Attorneys, Divorce Attorneys, Malpractice Law Attorneys, General Practice Atto
Stevenson James P
54 N Ottawa St # 260
Joliet, IL 60432
(815) 727-7879
Attorneys, General Practice Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US