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Lake in the Hills Business Attorneys | Corporate Lawyer Lake in the Hills IL

Being a business owner himself, Kevin O'Flaherty understands the mindset of entrepreneurs and the hardships that come with owning a business. Kevin is an active member of the local business community, involved in several chambers of commerce and the Rotary club. Additionally, Kevin host a podcast for business owners where he discusses business strategies for successful entrepreneurs called SeizeYourBusiness.com. Kevin will take the time to personally council you on the complex matters that come with the business incorporation, contracts, asset purchase agreements, exit strategies, employees, and commercial disputes. He will provide you with the resources you need to accomplish your legal and non-legal business goals. Call us at (847) 231-2102 or e-mail us at lakeinthehills@oflaherty-law.com​ to schedule a free consultation.
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Smiling womanAttorney Kevin O'Flaherty

"Kevin was extremely professional, responsive and knowledgeable when I came to him for help. I would definitely recommend O'Flaherty Law!"

Top 3 Qualities to look for in Your Attorney

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We believe your attorney should not speak in legalese

Finding an attorney who is a “real person” can be difficult. Many attorneys surround themselves almost exclusively with other attorneys and are accustomed to speaking in ivory tower legalese.  You should be able to connect with your attorney on a personal level, and he or she should speak to you in plain language that you can understand.  You will be working very closely with this person on issues that are very important to you. It is important that he or she be down-to-earth and someone that you connect with.

We believe your attorney should be accessible

The most common complaint that clients have of their attorneys is that the attorney is unreachable, does not communicate with them regularly, or does not promptly return your calls.  Your attorney should reach out to you about your case regularly and respond within 24 hours to calls and e-mails.  An open line of communication between you and your attorney is essential to building trust.

Learn how we service your area through our Remote Location Approach.

We believe your attorney should be realistic with you about costs and outcomes

Your attorney’s goal should not be to win at all costs.  Rather, it should be to achieve a favorable outcome for you as efficiently as possible.  It is important that your attorney set realistic expectations at the outset as to the costs you should expect, the concerns that the attorney has about the outcome of your case, and the length of time that you should expect your case to take.

Regardless of the nature of your case, we have an experienced attorney who will focus on your individual needs. Our team of attorneys works closely together, bringing each of their different fields of experience to bear in order to optimize our client care.

Client Testimonials

Christi M.

Kevin's firm handled setting up my will and trust recently. They took something that seemed intimidating and made it easy to understand. I've also referred a couple clients to Kevin - he's trustworthy, approachable and very fairly priced.

Marvin

"I've used Kevin and his firm's services since 2011. He gave undivided attention to my cases, advised me on different options and..."

Rachel B.

"Kevin was extremely professional, responsive and knowledgeable when I came to him for help. I would definitely recommend O'Flaherty Law!"

About Lake in the Hills Business & Corporate Representation Attorneys:

  • We are Economical! We strive to develop long-term relationships with our business clients, we offer affordable flat fees for most projects. In the event that a flat fee is not relevant, we set expectations that are reasonable in order to accomplishing your goal. We will never surprise you with a bill.
  • We Experienced!  Kevin O'Flaherty is passionate about the complexities of business law.   Not only does he have extensive experience representing business owners.,he has also owned and operated multiple successful businesses in addition to O'Flaherty Law.  Additionally, Kevin also teaches regular seminars and workshops for business owners. He also interviews business owners weekly on his SeizeYourBusiness.com podcast.  
  • We are Comprehensive!  Business & Corporate may also need representation from other areas of law, such as litigation, real estate, estate planning, divorce, bankruptcy, and probate. At O'Flaherty Law, our team of Lake in the Hills business, corporate & contract Law attorneys have experience in nearly every area of the law. We work together to craft the perfect solution for your buisness.
  • Networking and Exposure!  Our Lake in the Hills Corporate Attorneys prioritize themselves in being active members of the local community.  We are active in local chambers of commerce and community organizations such as the Rotary Club. We host weekly business networking events as well as regular business workshops, power groups, and seminars. Let us put our connections in use to build bridges for your  business.
Expertise Best Child Support Lawyers in Chicago 201710 Best 2016 Client Satisfaction American Institute of Family Law AttorneysAvvo Clients' Choice 2016 DivorceRising Stars Kevin P. O'Flaherty SuperLawyers.com10 Best Law Firms 2018 Client Satisfaction American Institute of Family Legal Counsel Attorneys Estate Planning Law40 under forty

What to Expect From a Legal Consultation

The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us.

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Location

Office Address

8411 Pyott Rd., Ste. 107

​Lake in the Hills, IL 60156

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Hours of Operation

Monday
9:00am - 6:00pm
Tuesday
9:00am - 6:00pm
Wednesday
9:00am - 6:00pm
Thursday
9:00am - 6:00pm
Friday
9:00am - 6:00pm
Saturday
Closed
Sunday
Closed

Attorneys

Meet the Owner

I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team.  Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys.  Many of our clients are going through difficult times in their lives when they reach out to us.  They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates.  We are here to help!

- Attorney Kevin O'Flaherty, Owner

Check Out Articles and Videos from our Lake in the Hills Business & Corporate Representation Attorneys

11 Situations in Which to Consult Your Business Attorney

New business owners are often not sure when to consult with a corporate attorney, Here are some common situations in which you should consult with your business attorney:

(1) Incorporation –  The first thing you should do as a business owner is incorporate, either as a corporation or an LLC.  Doing this will provide you with tax savings and liability protection.  Your corporate attorney can advise you on the most advantageous corporate form for your business, prepare your corporate documents, and register your business with the necessary governmental entities.  

(2) Annual Maintenance – A common mistake made by business owners is to incorporate without an attorney and fail to maintain corporate formalities on an ongoing basis.  If you fail to maintain corporate formalities and are ever sued or audited, your corporate will not protect you from liability, and you may have to pay back some self-employment tax.  Our Lake in the Hills corporate attorneys will prepare your annual meeting minutes and file your annual report with the secretary of state to make sure that your corporation is solid.

(3) Employees & Independent Contractors – You should always meet with your business attorney before hiring employees.  Your business attorney can advise you on the advantages and disadvantages of structuring the agreement as an independent contractor.  Your attorney will also assist you in preparing employee and independent contractor agreements, an employee handbook, and a disciplinary process.  Your business attorney will also assist you in registering as an employer with the necessary governmental entities and ensure that you do not run afoul of worker’s compensation law.  If you are parting ways with an employee, you should always consult your attorney as soon as possible to make sure you are not liable for unemployment insurance premium hikes or wrongful discharge claims. 

(4) Investor Agreements – Have a great idea, but need investors?  Our Lake in the Hills business attorneys will help attract investors by preparing a prospectus, stock purchase agreement, and the necessary paperwork to bring the investor into the corporation.  

(5) Contracts - Most expensive litigation results from a business owner's failure to sign a written contract with those he or she does business with, or from ambiguities in a written contract that was not reviewed by an attorney.  You should have a written contract reviewed by an attorney any time you enter into a business arrangement with anyone, including a commercial lease, vendor agreement, customer contract, or asset purchase agreement.  Taking this step will save you money in the long run by avoiding litigation.  

(6) Trademark and Copyright Applications –  Our Lake in the Hills attorneys have many years of  experience in intellectual property law.  There is no greater hit to your business than having to change a brand that you worked hard to establish.  We can help you file trademark applications for your name and logo, as well as copyright applications for your work product. 

(7) Dispute Resolution, Litigation & Collection - Unlike many business attorneys, at O'Flaherty Law we have a team of Lake in the Hills attorneys with experience in litigation and dispute resolution.  Should a dispute arise, we can help you find a solution in the most favorable and affordable manner.  We can also assist you with collection of your accounts receivable.  ​

(8) Exit Strategies - It is never too early to start thinking about exit strategies.   Whether you are planning on transferring your business to a key employee, a family member, or selling your business to a third party buyer, Our Lake in the Hills business attorneys can help you formulate your strategy and get the pieces in place to accomplish it. 

(9) Solutions for Distressed Businesses – If your business is going through set backs, we can help you save it by negotiating with creditors, dissolving your corporation and helping you get back on your feet with a new corporate entity, or filing a corporate or personal bankruptcy.  Our Lake in the Hills business attorneys will help you get you a fresh new start to make your business successful. 

(10) Business Consulting – Our experience does not end with the legal aspects of your business.  Our Lake in the Hills business attorneys can connect you with resources, such as accountants, bankers, and financial advisers to accomplish your non-legal business goals.  We are happy to give you council in all aspects of your business.

(11) Estate Planning – Make sure that your loved ones receive all that you have worked so hard for when you pass, and that your business assets are not consumed by costly probateestate tax, or creditors.  Our team of Lake in the Hills attorneys is experienced in advanced estate planning, which is vital for business owners. 

Read more about when to consult your business attorney from our Lake in the Hills business attorneys.

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Why Incorporate Your Business?

The two primary benefits to incorporating your business, either as a LLC or a corporation;

(1) Liability Protection:  Regardless of whether you incorporate as a corporation or as an LLC, your personal assets will be protected from business debts.  The source of liability as a business owner most likely comes from the people you make contracts with such as employees, independent contractors, banks that have lent you money, landlords as well as disputes with customers. If you are properly incorporated, anyone who sues you will only be able to pursue assets owned by your corporation.  This means that your personal assets and any businesses that are separately incorporated will be protected from liability. 

‍(2) Saving on Self-Employment Tax:  If  however, you are not incorporated,  on top of income tax, you are required to pay self-employment tax on any money that you take out of your business. On the occasion that you file an S-Corp election, either as a corporation or an LLC, you only have to pay self-employment tax on your salary, not on profits that you distribute to yourself as a shareholder. We recommend consulting with an accountant in order to determine the smallest amount of salary that will be reasonable, and take the rest as self- employment tax and profit free. Even if you are not concerned about liability protection, your accountant should be able to tell you when incorporation make sense purely from a financial stand point.

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Top 3 Qualities to Look For in Your Business Attorney

As a business owner, not only do you need an attorney, but also a trusted adviser who understands the struggles, mindsets and goals of business owners and entrepreneurs.  

Kevin O'Flaherty hosts a weekly podcast & videoblog called SeizeYourBusiness.com, there  he interviews business owners regarding the strategies that they put to use to accomplish their business goals.  The popular podcast has been ranked #2 on iTunes' New and Noetworthy List for Management & Marketing Podcasts.  

Kevin enjoys developing long-term relationships with his business clients and helping them in whatever way he can. As a fellow business owner Kevin has a passion for exchanging ideas regarding management, operations, strategy, and marketing.  

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