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Naperville Business Attorneys | Corporate Lawyers, Naperville IL

Naperville Business Attorneys | Corporate Lawyers, Naperville IL

Attorney Kevin O'Flaherty and his team of experienced Naperville business attorneys have a passion for business representation. Having owned multiple businesses himself, Kevin understands the struggles and mindset of entrepreneurs and business owners. Kevin is extremely involved in the local business community, active in several chambers of commerce and the Rotary Club. He also hosts a podcast for business owners, SeizeYourBusiness.com, in which he discusses business strategies with successful entrepreneurs. Kevin will personally advise you on the complex matters associated with business incorporation, contracts, asset purchase agreements, exit strategies, employees, and commercial disputes, and provide you with the resources you need to accomplish your legal and non-legal business goals. Call for a free consultation: (331)330-7466

Attorney Kevin O'Flaherty and his team of experienced Naperville business attorneys have a passion for business representation. Having owned multiple businesses himself, Kevin understands the struggles and mindset of entrepreneurs and business owners. Kevin is extremely involved in the local business community, active in several chambers of commerce and the Rotary Club. He also hosts a podcast for business owners, SeizeYourBusiness.com, in which he discusses business strategies with successful entrepreneurs. Kevin will personally advise you on the complex matters associated with business incorporation, contracts, asset purchase agreements, exit strategies, employees, and commercial disputes, and provide you with the resources you need to accomplish your legal and non-legal business goals. Call for a free consultation: (331)330-7466

Your Community Law Firm

Why O'Flaherty Law for My

Business Representation

Matter?

In this video, Naperville corporate attorney Kevin O'Flaherty describes why O'Flaherty Law is the best choice for your business matter.

  • We are Affordable!  Our goal is to develop long-term relationships with our business clients, not to scare them away with attorney fees.  We offer affordable flat fees for most projects.  If a flat fee is not appropriate, we will set reasonable expectations regarding the costs associated with accomplishing your goals and never surprise you with your bill. 
  • We are Experienced!  Kevin O'Flaherty has a passion for the complexities of business law.   He has extensive experience representing business owners.  He has also owned and operated multiple successful businesses in addition to O'Flaherty Law.  He also teaches regular seminars and workshops for business owners and interviews business owners weekly on his SeizeYourBusiness.com podcast.  
  • We are Comprehensive!  Business & Corporate representation can often be affected by other areas of law, such as litigation, real estate, estate planning, divorce, bankruptcy, and probate.  Wouldn't it be nice to be able to trust one firm for all of your personal and business legal needs?  At O'Flaherty Law, our team of Naperville attorneys have experience in nearly every area of law.  We collaborate to bring all of our attorneys' experience to bear to find solutions for you and your business. 
  • Networking and Exposure!  Our Naperville Corporate Attorneys are extremely involved in the local business community.  We host weekly business networking events as well as regular business workshops, power groups, and seminars.  We are active in local chambers of commerce and community organizations such as the Rotary Club.  Let us leverage our connections to build bridges for your business. 

Some of Our Accomplishments

Schedule a Free Consultation With Our

Naperville Business Attorneys

corporate attorney naperville il

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

Naperville Business Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Naperville

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

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 Naperville Business Attorneys and Naperville Corporate Lawyers

incorporation attorney naperville 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
naperville llc lawyer

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

11 Situations in Which to Consult Your Business Attorney

naperville business lawyer

Naperville LLC lawyer Kevin O'Flaherty explains common situations in which to consult your corporate attorney.

naperville business lawyer

In this article, our Naperville corporate attorneys explain when you should consult your business lawyer. Some new business owners are not sure when consulting with a corporate attorney is appropriate.  Here are some of the most 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.  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 Naperville corporate attorneys will prepare your annual meeting minutes and file your annual report with the secretary of state to ensure that your corporation is air-tight. 

(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 workers 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) 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.  This will save you money in the long run by avoiding litigation.  

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

(6) Trademark and Copyright Applications –  Our Naperville attorneys have extensive experience in intellectual property law.  There is no greater blow 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 Naperville attorneys with experience in litigation and dispute resolution.  Should a business dispute arise, we can help you resolve it in the most favorable and affordable manner.  We can also assist you with collection of your accounts receivable.  

(8) Solutions for Distressed Businesses – If your business is going through tough times, we can help you save it by negotiating with creditors, dissolving your corporation and helping you get back on your feed with a new corporate entity, or filing a corporate or personal bankruptcy.  Our Naperville business attorneys will help you get the fresh start you need to be successful. 

(9) 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 Naperville business attorneys can help you formulate your strategy and get the pieces in place to accomplish it. 

(10) Estate Planning – Make sure that your loved ones receive the fruits of your labors when you pass, and that your business assets are not consumed by costly probateestate tax, or creditors.  Our team of Naperville attorneys is experienced in advanced estate planning, which is crucial for business owners. 

(11) Business Consulting – Our experienced does not end with the legal aspects of your business.  Our Naperville business attorneys can connect you with valuable resources, such as accountants, bankers, and financial advisers to accomplish your non-legal business goals.  We are happy to advise you on all aspects of your business.  

Read the full article by our Naperville business lawyers explaining when you should consult your corporate attorney.

Why Incorporate Your Business?

In this article, our Naperville corporate lawyers explain the benefits of incorporating your business. There are two primary benefits to incorporating your business, either as a corporation or an LLC:

‍(1) Liability Protection: Whether you incorporate as a corporation or as an LLC, your personal assets will be protected from business debts.  Your most likely source of liability as a business owner comes from people you contract with, employees and independent contractors, banks that have lent you money, your landlord, and 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 you are not incorporated, in addition to income tax, you are required to pay self-employment tax on any money that you take out of your business.  However, if 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.  I recommend consulting with an accountant to determine the smallest amount of salary that will be reasonable, and take everything else as profit free and clear of self-employment tax.  Your accountant should also be able to tell you when incorporation makes sense from a purely financial perspective, even if you are not concerned about liability protection. 

Read the full article by our Naperville corporate lawyers explaining the benefits of incorporating.

Naperville LLC lawyer Kevin O'Flaherty explains the benefits of incorporating your business.

business attorney naperville illinois

In this article, our Naperville corporate lawyers explain the benefits of incorporating your business. There are two primary benefits to incorporating your business, either as a corporation or an LLC:

‍(1) Liability Protection: Whether you incorporate as a corporation or as an LLC, your personal assets will be protected from business debts.  Your most likely source of liability as a business owner comes from people you contract with, employees and independent contractors, banks that have lent you money, your landlord, and 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 you are not incorporated, in addition to income tax, you are required to pay self-employment tax on any money that you take out of your business.  However, if 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.  I recommend consulting with an accountant to determine the smallest amount of salary that will be reasonable, and take everything else as profit free and clear of self-employment tax.  Your accountant should also be able to tell you when incorporation makes sense from a purely financial perspective, even if you are not concerned about liability protection. 

Read the full article by our Naperville corporate lawyers explaining the benefits of incorporating.

Naperville corporate law attorney Kevin O'Flaherty explains minority shareholders' rights in corporations and LLCs.

naperville business lawyer
business lawyer naperville il

In this article, our Naperville Corporate attorneys and Naperville LLC lawyers explain minority shareholders’ rights in closely held corporations and LLCs.  We explain what a minority interest in a corporation or LLC is and what a closely held corporation is,  We discuss the special rights that minority shareholders of closely held corporations and LLCs have including the right to notice and voting at shareholder meetings and the right to access business information.

Read the full article by our Naperville LLC attorneys explaining minority shareholders' rights in closely held corporations and LLCs.

Further Reading from our

Naperville Business Attorneys

naperville corporate attorney