Oflaherty Law, Illinois Attorneys

Chicago Business Attorneys | Business Litigation Lawyer, Chicago

Chicago Business Attorneys | Business Litigation Lawyer, 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.

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.

Your Community Law Firm

Why O'Flaherty Law for My

Business, Corporate & Contract Law

Matter?

In this video, our Chicago Business attorney describes why O'Flaherty Law is the best choice for your business matter.

  • We Are Affordable!  We understand that the last thing your business needs are extensive legal fees.  Our Chicago business attorneys work hard to provide  affordable rates and ensure you will never be surprised by an expensive bill.   Our goal is to build long-term relationships with our clients and want them to feel confident allowing us to help them.   
  • We provide excellent customer service! Our Chicago business litigation attorneys take pride in providing expert legal guidance and council.  Some of our clients have taken the time out of their busy day to leave us glowing reviews.  Additionally, Kevin O’Flaherty was named as one of the Suburban Magazine’s Best Under 40 in 2015.
  • We are Comprehensive!  Our Chicago business attorneys have extensive knowledge in almost every area of the law.  We understand businesses often need other legal needs including estate planning, business litigation and dispute resolution, bankruptcy, debt negotiation, and real estate law. We ensure you never have to look anywhere else for a trusted attorney and help with the legal matters your business needs.

Some of Our Accomplishments

Best Child Support Lawyers in Chicago
DuPage County Probate Attorney
Kevin P. O'Flaherty
Rated by Super Lawyers


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Naperville attorney
DuPage County Probate Attorney

Schedule a Free Consultation With Our

Chicago Business Attorneys

business litigation attorney chicago

What to Expect From a Consultation

The purpose of a free 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. Although most consultations are complimentary, some may carry a charge depending on the type of matter and meeting location.

Please contact our friendly

Chicago Business Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Chicago

10 South Riverside Plaza Ste. 1925A
Chicago
,
IL
60606
Get Directions

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

Hours: 9 am - 5 pm Mon - Fri

Our  Office Locations: 

Downers Grove Attorneys, Downers Grove Attorney

Downers Grove

5002 Main St, Ste. 201 Downers Grove, IL 60515

Naperville Attorney, Naperville Attorneys

Naperville

105 Jackson Avenue, Ste. 4b Naperville, IL 60540

Elmhurst Lawyer, Elmhurst Lawyers

Elmhurst

​110 E. Schiller Street, Ste. 220B ​Elmhurst, IL 60126

Lake in the Hills Attorneys, Lake in the Hills Attorney

Lake in the Hills

8411 Pyott Road, Ste. 107, ​Lake in the Hills, IL 60156

Tinley Park Attorney, Tinley Park Attorneys

Tinley Park

​16557 Oak Park Avenue, Ste. B, Tinley Park, IL 60477

Chicago Attorney, Chicago Attorneys

Chicago

10 South Riverside Plaza Ste. 1925A Chicago, Illinois 60606

St. Charles Attorneys, St. Charles Lawyers

St. Charles

210 S Fifth St, Ste. 107B, St. Charles, IL 60174

Davenport lawyer, davenport lawyers

Davenport

201 West 2nd Street Ste 400A, Davenport, IA 52801

Indiana Attorneys, Indiana Lawyers

Indiana

COMING SOON!

O'Flaherty Law, Illinois attorneys, Iowa attorneys

Meet Our Owner

Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.

Here's What Our Clients Have to Say:

John Paul Clancy
Says...

"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."

Kevin Sender
Says...

"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."

Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!

An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.

DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
John Paul Clancy
Says...
"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Kevin Sender
Says...
"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Mike Stehlik
Says...
"Kevin and his team are my "Go To" resource for clients that need estate planning"
Kevin Koc
Says...
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
Stephen Petersen
Says...
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
Troy Golden
Says...
Kevin is an excellent attorney. He helped me incorporate by business and provides legal counsel as need. I highly recommend him.

Click here for Videos, Podcasts, and Articles by our Chicago Business Attorneys

Chicago Business Lawyers

Or Continue Scrolling Below to Browse some of our Most Helpful Articles

How to Form a Limited Partnership in Illinois

Partnerships are a common formed business structure in Illinois. The main difference between a limited partnership and a general partnership is that it allows for both limited and general partners. While a limited partner invests in the company, a general partner oversees day to day operations. Because of the risks a limited partnership can pose to its general partners, the entity is not recommended for long standing businesses.

Read More

In this video, we explain how to form a limited partnership in Illinois.

Business Attorney Chicago

Partnerships are a common formed business structure in Illinois. The main difference between a limited partnership and a general partnership is that it allows for both limited and general partners. While a limited partner invests in the company, a general partner oversees day to day operations. Because of the risks a limited partnership can pose to its general partners, the entity is not recommended for long standing businesses.

Read More

Top Situations In Which You Should Consult Your Business Attorney

Chicago Business Representation Attorney

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

Chicago Business Representation Attorney

In this article, we 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.  

Read more on Chicago buy-sell agreements from our Chicago business attorneys

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

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. For more information on how to use a buy-sell agreement if an owner is retiring, check out How to Use Buy-Sell Agreements to Plan for an Owner’s Retirement.

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?

Read more by our Chicago Business Attorneys on how to determine a Chicago businesses value for buy-sell agreements.

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

 Chicago Business Representation Lawyer

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. For more information on how to use a buy-sell agreement if an owner is retiring, check out How to Use Buy-Sell Agreements to Plan for an Owner’s Retirement.

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?

Read more by our Chicago Business Attorneys on how to determine a Chicago businesses value for buy-sell agreements.

Minority Shareholders Rights in Chicago Corporations and LLCs

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

Chicago Business Representation Attorney
Chicago business litigation Attorneys

In Chicago, 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

Read more about minority shareholder rights by our Chicago business attorneys.

Contact us for a Free Consultation

Schedule a free consultation

O'Flaherty Law is happy to meet with you by phone or at our office locations in:

Who We Are
We are your community law firm. Our Illinois & Iowa Attorneys are committed to providing exceptional client service in a cost-effective manner in the areas of Family Law, Probate, Estate Planning, Civil Litigation, Guardianship, Criminal Defense, Corporate & Contract Law, Bankruptcy and Real Estate.

Further Reading from our

Chicago Business Attorneys

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