HolmstromKennedy

by: Amanda J. Adams Martinez Good news – for those of you who operate a small business in Illinois organized as a limited liability company (“LLC”), this year you’ll notice that fees payable to the Illinois Secretary of State to create, maintain and otherwise manage LLCs have decreased. Senate Bill 867, signed into law by […]

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March 22nd, 2018

Posted In: Business Entities, Corporate & Business

By: Amanda J. Adams Martinez Among the primary decisions that any new business owner should determine is whether to create a separate legal entity for the business, and, if so, what type of entity. Many factors impact this decision, such as: the type of services or products sold; liability concerns; the allocation of profit and loss […]

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October 23rd, 2012

Posted In: Business Entities, Corporate & Business