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Lincoln Park Business Attorneys | Business Litigation Lawyer, Lincoln Park

Our Lincoln Park 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 Lincoln Park business litigation attorneys will ensure your company and your rights are protected.
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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!"

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.

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.

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

About Lincoln Park Business Attorneys:

  • We Are Affordable!  We understand that the last thing your business needs are extensive legal fees. Our Lincoln Park 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 Lincoln Park business litigation attorneys take pride in providing experienced 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 Lincoln Park 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.

How we help

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

Contact Us

Please contact our friendly lawyers to Schedule a Consultation.

(312) 736-1384
chicago@oflaherty-law.com

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

1941 N. Elston Ave., Ste. A

Chicago, IL 60642

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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

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 Lincoln Park Business Attorneys

Top Situations In Which You Should Consult Your Business 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 Lincoln Park buy-sell agreements from our Lincoln Park business attorneys

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Determining the Value of a Lincoln Park Business for Buy-Sell Agreements

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 Lincoln Park Business Attorneys on how to determine a Lincoln Park businesses value for buy-sell agreements.

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Minority Shareholders Rights in Lincoln Park Corporations and LLCs

In Lincoln Park, 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 Lincoln Park business attorneys.

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