Chicago Business Attorneys at O'Flaherty Law

Chicago Business Attorneys | Business Litigation Lawyers, Chicago

Our Chicago business attorneys have the experience to represent you whether you require assistance with incorporation, contracts, exit strategies, asset purchase agreements, commercial disputes or employees you will be given the best advice and resources to accomplish your legal and non-legal business needs. Our team of experienced Chicago business litigation attorneys will ensure your company and your rights are protected.

Top 3 Qualities to Look for in Your Attorney

Your attorney should not speak in legalese.

Finding an attorney that 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.

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.

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, 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 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.

Chicago Business Attorneys

Contact Us

Please contact our friendly Chicago Business Attorneys at our nearest location to schedule a consultation.

O'Flaherty Law of Chicago

155 N Wacker Dr STE 4250 Unit 30

Chicago, IL 60606

(312) 736-1384

chicago@oflaherty-law.com

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

Chicago business lawyer, Kevin O'Flaherty, explains the differences between corporations and LLCs.

Buy-Sell Agreements for Closely-Held Corporations

In this video, our Chicago business attorneys discuss buy-sell agreements for corporations and LLCs. We answer common questions and discuss agreements that cover death or disability of the owner as well as the limitation that can be found in these agreements.

Buy-sell agreements can cover some or all of the following events:

Death of an owner;
Disability of an owner;
Voluntary termination of an owner’s ownership;
Involuntary termination of an owner’s ownership with or without cause;
Termination of an owner’s interest in the company if the owner files for bankruptcy;
Termination of an owner’s interest in the company if the owner files for divorce;
Termination of an owner’s employment with the company; and
Retirement of an owner.

A buy-sell agreement is a contract between the owners of a business that allows its owners to remove themselves from ownership of the company. It also lays out who may be permitted or required to buy their shares, how they will be valued, and how the purchases will be funded.

‍

In this video, Chicago business lawyer Kevin O'Flaherty, discusses how business value is determined for buy-sell agreements

Determining the Value of a Chicago Business for Buy-Sell Agreementrs

In this video, our Chicago business attorneys explain how a buy-sell agreement enables business owners to plan how an owner and their business will separate due to an event such as the death or disability of an owner, a decision to terminate ownership through sale of stock, retirement, or the company’s decision to part ways with the owner with or without cause.

A well drafted buy-sell agreement should contain all of the following components:

What events will trigger an optional or mandatory sale of an owner’s ownership interests to the company or to the other owners?
When a triggering event occurs, how will the ownership interest be valued?
What will the terms of the purchase be and where will the money for the purchase come from?

‍

In this video, Chicago business lawyer Kevin O'Flaherty explains minority shareholders rights.

Minority Shareholders Rights in Chicago Corporations and LLCs

In this video, our Chicago business attorneys explain how a minority interest in a Corporation or LLC is a shareholder of a corporation or a member of LLC who does not control the operations of the business. A minority shareholder is anyone who owns less than 50% of the shares of a company, and does not have voting power over the company’s decisions.

What Special Rights and Remedies Do Minority Shareholders of Close Corporations and LLCs Have in Chicago? Read more in our article about these topics and more

‍Minority Shareholders’ Rights to Notice of Shareholder Meetings
Minority Shareholders’ Rights to Voting at Shareholder Meeting
‍Minority Shareholders’ Rights to Access the Business's Information
‍Breach of Fiduciary Duty
‍Remedies for Oppression of Shareholders

‍

Chicago Business Attorneys | Business Litigation Lawyers, Chicago

Top 3 Qualities to Look for in Your Attorney

Your attorney should not speak in legalese.

Your attorney should be accessible.

Your attorney should be realistic with you about costs and outcomes.

Legal Services

Family Law & Divorce

Family Law & Divorce

Probate & Estate Administration

Guardianship Law

Estate Planning

Litigation & Dispute Resolution

DUI, Criminal & Traffic Defense

Immigration

Bankruptcy

Real Estate Law

See why we are trusted

Christi M.

Marvin

Rachel B.

Julianne

LuQman

DJ