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Elmhurst Business Attorneys | Corporate Lawyer Elmhurst IL

Elmhurst Business Attorneys | Corporate Lawyer Elmhurst IL

Our Elmhurst business attorneys understand the unique needs and mindset of business owners and entrepreneurs. With experienced, affordable, and comprehensive client service, we will build a lifelong relationship with you as your business' trusted adviser. Whether you need advice or assistance with incorporation, contract drafting or review, employee and independent contractor issues and agreements, business disputes, exit strategies, or asset purchase agreements, our friendly Elmhurst Business attorneys have the experience and skill necessary to provide creative and cost-effective solutions for business. At O'Flaherty Law, business is our passion. Kevin O'Flaherty, who has owned multiple businesses himself, hosts the SeizeYourBusiness.com podcast for business owners and hosts monthly workshops and seminars for business owners. He is also extremely active in the local business community, sitting on the Board of Chamber630 and a past Vice President of the Rotary Club. Whatever your business or corporate needs, Kevin and his team of Elmhurst business attorneys are here to help!

Our Elmhurst business attorneys understand the unique needs and mindset of business owners and entrepreneurs. With experienced, affordable, and comprehensive client service, we will build a lifelong relationship with you as your business' trusted adviser. Whether you need advice or assistance with incorporation, contract drafting or review, employee and independent contractor issues and agreements, business disputes, exit strategies, or asset purchase agreements, our friendly Elmhurst Business attorneys have the experience and skill necessary to provide creative and cost-effective solutions for business. At O'Flaherty Law, business is our passion. Kevin O'Flaherty, who has owned multiple businesses himself, hosts the SeizeYourBusiness.com podcast for business owners and hosts monthly workshops and seminars for business owners. He is also extremely active in the local business community, sitting on the Board of Chamber630 and a past Vice President of the Rotary Club. Whatever your business or corporate needs, Kevin and his team of Elmhurst business attorneys are here to help!

Your Community Law Firm

Why O'Flaherty Law for My

Business Representation

Matter?

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

  • We Understand Business Owners’ Needs! Kevin O’Flaherty who personally works with our business & corporate clients, has a passion for business and understands the mindset of entrepreneurs in a way that most attorneys do not.  In addition to owning O’Flaherty Law, Kevin has started multiple other enterprises.  He founded and hosts the SeizeYourBusiness.com podcast & videoblog, in which he interviews successful business owners and entrepreneurs regarding business issues and strategies.  Kevin hosts regular Small Business Workshops and Seminars, as well as multiple Business Think Tank groups, where entrepreneurs come together to share ideas and work through problems.  Kevin also founded the Business Lounge of Elmhurst, a club for entrepreneurs and professionals to work together to enhance their business opportunities.  As a business owner, you don’t just need an attorney.  You need an attorney who understands the unique mindset of an entrepreneur. 
  • Our Clients Love Us!  Our Elmhurst business, corporate & contract Law attorneys have earned a reputation for going above-and-beyond for our clients.  Many of our clients have been so impressed by our service, that they have taken time out of their busy schedules to write us glowing reviews, which you can read here.  In 2016, we received the Avvo Clients’ Choice Award.  In 2015, Suburban Life Magazine named Kevin O’Flaherty as one of its Best Under 40.  We have an A+ Rating with the Better Business Bureau, and have never received a complaint.  We have received these accolades because we work every day to put our clients first.  Kevin is accessible after hours and on weekends via his cell phone: (630)967-4697.  We promptly return calls and e-mails, and affirmatively communicate with you and educate you at every stage of your matter.   
  • We Are Budget-Friendly!  We know that the last thing you need for your bottom line is expensive legal bills.  Our mission is to build a lifelong relationship with our business clients and their families.  This is why we have intentionally set our rates below market.  We offer cost-effective flat fees for most projects.  If a flat fee is not available, we will make sure that you know what to expect at the outset of your project, and that you are never surprised by a legal bill.  If you can find a more affordable option for your business & corporate needs, we would like to hear about it!
  • We are Comprehensive!  The fact that you are a business owner will impact your personal legal needs, such as estate planning, real estate, and protecting assets from creditors. Because our team of Elmhurst attorneys has experience in nearly every area of law, once you establish trust with O’Flaherty Law of Elmhurst, you will never have to look elsewhere for an attorney, regardless of your needs.  Unlike firms with a more limited scope, we have the ability to incorporate your business planning into your personal legal needs.  Should your business need assistance with collections or other dispute resolution, with bankruptcy, or with any other area of law, we can help! ​

Some of Our Accomplishments

Schedule a Free Consultation With Our

Elmhurst Business Attorneys

corporate attorney elmhurst illinois

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

Elmhurst Business Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Elmhurst

110 E. Schiller Street, Ste. 220B
Elmhurst
,
IL
60126
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 Lawyer, Downers Grove Lawyers

Downers Grove

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

Naperville Attorney, Naperville Attorneys, Naperville Lawyers, Naperville Lawyer

Naperville

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

Elmhurst Lawyer, Elmhurst Lawyers, Elmhurst Attorneys, Elmhurst Attorney

Elmhurst

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

Lake in the Hills Attorneys, Lake in the Hills Attorney, Lake in the Hills Lawyer, Lake in the Hills Lawyers

Lake in the Hills

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

Tinley Park Attorney, Tinley Park Attorneys, Tinley Park Lawyer, Tinley Park Lawyers

Tinley Park

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

St. Charles Attorneys, St. Charles Lawyers, St. Charles Attorney, St. Lawyer

St. Charles

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

corporate lawyer elmhurst il

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 Elmhurst Business, Corporate & Contract Law Attorneys

incorporation attorney elmhurst illinois

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

The Illinois Contract Review Process

For those of you who have not hired an attorney before, the idea of having an attorney review a contract may seem expensive and intimidating — it shouldn’t be.

‍The purpose of this article is to shed some light on the process of contract review.

Step 1 – Opinion Letter: 

Step 2 – Discussion with the Client:

Step 3 – Communicating Proposed Changes to the Other Party: 

Step 4 – Review of the Revised Contract:

Read More
llc lawyer elmhurst illinois

For those of you who have not hired an attorney before, the idea of having an attorney review a contract may seem expensive and intimidating — it shouldn’t be.

‍The purpose of this article is to shed some light on the process of contract review.

Step 1 – Opinion Letter: 

Step 2 – Discussion with the Client:

Step 3 – Communicating Proposed Changes to the Other Party: 

Step 4 – Review of the Revised Contract:

Read More

When Should I Consult My Business Attorney?

elmhurst business lawyer

In this Learn About Law podcast & videoblog, Elmhurst business attorney Kevin O'Flaherty of O'Flaherty Law discusses the 11 situations in which you should consult your business attorney,

elmhurst business lawyer

​As a business owner it is important to have a trusted relationship with your  business attorney.  You should always feel comfortable calling or e-mailing your attorney at any time.  Here are a few situations where it is advisable to consult your business attorney:

1.  Incorporating Your Business: The very first step you should take when you are starting a new business is to talk to your business attorney about incorporation.  Our Elmhurst corporate attorneys will advise you on the advantages of incorporating, such as liability protection and self-employment tax savings.  We will also educate you on the most advantageous corporate form for your business, including the difference between LLCs and S-Corps.  Our Elmhurst corporate attorneys will make sure that you have followed all of the required corporate formalities necessary to make your corporation effective, work with you to prepare bylaws and operating agreements, obtain an EIN number for your business, file your S-Corp election, and make sure that you are registered with the proper state governmental agencies.

2.  Annual Maintenance:  Our Elmhurst business attorneys will prepare and file your Annual Report with the Secretary of State and prepare your Annual Meeting Minutes for Shareholders and Directors, as well as ensure that you comply with notice requirements for annual meetings.  Even if you are a single-shareholder corporation or LLC, Annual Meeting Minutes are important in order to be able to show that you have been following corporate formalities.  If you fail to do so, your corporation may fail to protect your personal assets from corporate liabilities. 

3.  Contract Drafting & Review: The best way to protect yourself from costly disputes and litigation is to have a well drafted contract with anyone with whom you do business, including your customers, employees & independent contractors, landlord, and third party vendors.  Our Elmhurst contract attorneys can assist you in preparing asset purchase agreements; stock purchase agreements; leases, non-disclosure agreement, non-compete agreements, and non-disparagement agreements; general contractor agreements & subcontractor agreements; customer contracts; employee contracts; and independent contractor agreements.  Having a well drafted contract that protects your interests and contains clear language is much more cost-effective than dealing with disputes based on ambiguity or lack of a contract down the road.

4.  Employee and Independent Contractor Issues:  Before you hire your first employee or independent contractor, you should meet with your attorney to help you navigate the many issues surrounding employment.  Our Elmhurst business lawyers will assist you in getting registered with the required governmental agencies, obtaining the proper insurance, and preparing employee handbooks & employment agreements.  We will also counsel you on whether to structure the relationship as an employee relationship or an independent contractor relationship, and prepare independent contractor agreements to ensure that you are protected from liability.  If you are having issues with an employee, thinking of terminating an employee or independent contractor, or if an employee resigns, you should call your attorney as soon as possible to protect yourself against wrongful discharge and unemployment insurance claims. 

5.  Intellectual Property, Trademark, and Copyright:  You put a lot of effort and creativity into making your brand recognizable.  We can help you trademark your name, logo, and slogan to ensure that you have the continued exclusive right to your brand.  If you have created a process or creative work, our Elmhurst intellectual property attorneys will assist you in filing a copyright application to ensure that you enjoy the fruits of your labor.

6.  Business Purchases & Sales:  If you are buying or selling a business, or merging with another company, it is important to have an attorney involved from the outset to ensure that you receive the benefit of your bargain.  Our Elmhurst business attorneys will help you negotiate the best deal possible, draft or review the asset purchase agreement or stock purchase agreement, shepherd the transaction from Letter of Intent to closing, and assist you in dealing with any post-closing issues that may arise. 

7.  Rewarding Key Employees & Executives: When your business is running smoothly, you may want to either provide key employees with a pathway to ownership or reward them in other ways, such as profit sharing incentive plans, in order to retain them and keep them motivated.  We can help you creatively structure long-term plans and agreements for key employees and executives. 

8.  Business Disputes: Unlike many business attorneys who are purely transactional, our team of Elmhurst attorneys has extensive experience in commercial litigation and contract litigation.  If you have a dispute with an employee or independent contractor, a customer, your landlord, or a business partner, we will aggressively fight to protect your rights.  We can also help you put a collection process in place to ensure that your accounts receivable are paid.  Many disputes can be resolved with a demand letter from your attorney laying out your position and phone negotiation to resolve the issue.  Should settlement not be possible, we will ensure that your business is protected in an efficient and cost-effective manner.  The earlier you get your attorney involved in a potential dispute, the greater your chances for an early favorable resolution.

9.  Exit Strategies: You should begin thinking about your exit strategy as soon as you start your business.  Whether you intend to sell your business, bring in a partner over time, or transfer the business over time to a key employee or family member, the sooner you meet with an attorney to define your strategy and begin planning to execute it, the more options you will have.  

10.  Estate Planning: You should work with your attorney in order to ensure that your business will pass to your loved ones intact and not be consumed by estate tax or costly probate.  A good personal estate plan will be specially tailored to fit your circumstances as an entrepreneur and business owner, and make sure that the right person is in control of your business should you become mentally incompetent or pass away.  Our team of Elmhurst attorneys has experience in estate planning as well as business law, which makes us uniquely qualified to provide the comprehensive personal and business advice that you as a business owner need.

Read the full article by our Elmhurst business lawyers regarding when it makes sense to contact your business lawyer.

5 Reasons to Work with an Attorney When Incorporating Your Business

It is important that you work closely with a business attorney when incorporating your business for several reasons:(1) Your business attorney will educate you and assist you in selecting the most advantageous and proper corporate entity:

  There are many different types of corporate entities that you can select from when incorporating, including LLCs, S-Corps, LPs, and LLPs, your business attorney will take the time to educate you on the pros and cons of each type of entity for your particular situation.  Your attorney will help you find the most cost-effective solution that best fits your needs.   Series LLCs can be a great cost-saving solution for business owners with multiple businesses or multiple locations.  Professionals and other particular types of businesses may be required to file as a P.C. or PLLC. Selecting the wrong corporate entity can be an expensive mistake for your business. (2) Your business attorney will help you maintain required corporate formalities:  

In order to receive the benefits of incorporation, such as liability protection and self-employment tax savings, it is important that you follow the required steps to maintain corporate formalities, both at the time of initial corporate set-up and annually.  Failure to do so will result in creditors being able to "pierce the corporate veil" in order to attribute business debts to the shareholders personally, and may result in paying back self-employment tax savings if you are audited.  Your attorney will help you prepare bylaws or an operating agreement, prepare initial and annual meeting minutes for shareholders and directors, comply with notice requirements for annual meetings, issue stock, and maintain your corporate book.  Even if you are a single-shareholder corporation or LLC, failure to take these steps may result in your corporation being worthless from a liability and tax saving standpoint. (3) Your Business Attorney will register your corporation with the required government agencies: As part of our corporate-set up service, our Elmhurst attorneys will assist you in obtaining state and federal tax ID numbers, registering with the Illinois Department of Employment Security, and completing any other registrations that are required for you to legally operate your business. (4) Your business attorney will advise you on tax issues associated with your corporation and file the necessary paperwork on your behalf:  As a corporation, you have the opportunity to make an S-Corp election with the IRS that may significantly reduce your personal and business tax liability.  A good corporate attorney will work with your accountant to ensure that you are receiving the benefit of every tax advantage available to your corporation. (5) Build a long-term relationship for your future business needs: 

Meeting with a business attorney at the incorporation stage of your business will allow you to build a relationship of trust and identify future legal needs such as  contracts, leases, employee issues, exit strategies, or disputes.  When a legal issue arises, it is important both to identify the situation as one in which you should consult your attorney, and to have a pre-established relationship with an adviser and advocate that you trust. 

Read the full article by our Elmhurst corporate lawyers explaining why you should owrk with an attorney when incorporating your business.

In this Learn About Law podcast & videoblog, Elmhurst Business lawyer Kevin O'Flaherty of O'Flaherty Law discusses why it makes sense to hire an attorney to set up your corporation or LLC.

business lawyer elmhurst illinois

It is important that you work closely with a business attorney when incorporating your business for several reasons:(1) Your business attorney will educate you and assist you in selecting the most advantageous and proper corporate entity:

  There are many different types of corporate entities that you can select from when incorporating, including LLCs, S-Corps, LPs, and LLPs, your business attorney will take the time to educate you on the pros and cons of each type of entity for your particular situation.  Your attorney will help you find the most cost-effective solution that best fits your needs.   Series LLCs can be a great cost-saving solution for business owners with multiple businesses or multiple locations.  Professionals and other particular types of businesses may be required to file as a P.C. or PLLC. Selecting the wrong corporate entity can be an expensive mistake for your business. (2) Your business attorney will help you maintain required corporate formalities:  

In order to receive the benefits of incorporation, such as liability protection and self-employment tax savings, it is important that you follow the required steps to maintain corporate formalities, both at the time of initial corporate set-up and annually.  Failure to do so will result in creditors being able to "pierce the corporate veil" in order to attribute business debts to the shareholders personally, and may result in paying back self-employment tax savings if you are audited.  Your attorney will help you prepare bylaws or an operating agreement, prepare initial and annual meeting minutes for shareholders and directors, comply with notice requirements for annual meetings, issue stock, and maintain your corporate book.  Even if you are a single-shareholder corporation or LLC, failure to take these steps may result in your corporation being worthless from a liability and tax saving standpoint. (3) Your Business Attorney will register your corporation with the required government agencies: As part of our corporate-set up service, our Elmhurst attorneys will assist you in obtaining state and federal tax ID numbers, registering with the Illinois Department of Employment Security, and completing any other registrations that are required for you to legally operate your business. (4) Your business attorney will advise you on tax issues associated with your corporation and file the necessary paperwork on your behalf:  As a corporation, you have the opportunity to make an S-Corp election with the IRS that may significantly reduce your personal and business tax liability.  A good corporate attorney will work with your accountant to ensure that you are receiving the benefit of every tax advantage available to your corporation. (5) Build a long-term relationship for your future business needs: 

Meeting with a business attorney at the incorporation stage of your business will allow you to build a relationship of trust and identify future legal needs such as  contracts, leases, employee issues, exit strategies, or disputes.  When a legal issue arises, it is important both to identify the situation as one in which you should consult your attorney, and to have a pre-established relationship with an adviser and advocate that you trust. 

Read the full article by our Elmhurst corporate lawyers explaining why you should owrk with an attorney when incorporating your business.

How to Start a Business in Elmhurst

Elmhurst business attorney Kevin O'Flaherty discusses legal considerations when starting a business in Illinois.

elmhurst business lawyer
business attorney elmhurst il

In this article, our Elmhurst corporate lawyers explain some of the key things to consider when starting a business in Illinois. We explain how to get your business up and running, including how to select the appropriate corporate entity and register with the required governmental organizations.  We also discuss how to make the transition to being an employer, including the difference between employees and independent contractors and the importance of employment agreements and employee handbooks.

Read the full article by our Elmhurst business attorneys explaining how to start a business in Elmhurst.

Further Reading from our

Elmhurst Business Attorneys

elmhurst corporate attorney