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Oflaherty Law, Illinois Attorneys

Schaumburg Business Attorneys | Business Litigation Lawyer, Schaumburg

Schaumburg Business Attorneys | Business Litigation Lawyer, Schaumburg

Our Schaumburg 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 Schaumburg business litigation attorneys will ensure your company and your rights are protected.

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Our Schaumburg 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 Schaumburg business litigation attorneys will ensure your company and your rights are protected.

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Why O'Flaherty Law for My

Business, Corporate & Contract Law

Matter?

In this video, our Schaumburg 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 Schaumburg 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 Schaumburg 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 Schaumburg 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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DuPage County Probate Attorney

Schedule a Free Consultation With Our

Schaumburg Business Attorneys

business litigation attorney Schaumburg

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

Schaumburg Business Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Schaumburg

200 W. Higgins, Ste. 231A
Schaumburg
,
IL
60169
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 - 9 pm Mon - Fri
Saturday 9 am- 9 pm & Sunday 12 pm - 8pm
by appointment

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:

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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.

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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 Schaumburg Business Attorneys

Schaumburg Business Lawyers

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

Indemnification Agreements to Protect Yourself from Liability

In this video, attorney Kevin O'Flaherty explains how to use Indemnification Agreements to protect yourself from liability.

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An Indemnification agreement is an agreement between two parties providing that if one party is sued for a particular reason, the other party will cover the costs of defending the lawsuit as well as any damages that arise from the suit.  It is a useful tool when two parties are intertwined in a larger transaction, and want to divide legal responsibility between them.   It protects each party from lawsuits for which the other should be responsible. 

‍Indemnification agreements can be built into a larger contract (like a lease, asset purchase agreement, or employment agreement) or it can be a stand-alone agreement.

Read More

Top Situations In Which You Should Consult Your Business Attorney

Schaumburg Business Representation Attorney

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

Schaumburg 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 Schaumburg buy-sell agreements from our Schaumburg business attorneys

Determining the Value of a Schaumburg 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 Schaumburg Business Attorneys on how to determine a Schaumburg businesses value for buy-sell agreements.

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

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

Minority Shareholders Rights in Schaumburg Corporations and LLCs

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

Schaumburg Business Representation Attorney
Schaumburg business litigation Attorneys

In Schaumburg, 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 Schaumburg? 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 Schaumburg business attorneys.

Further Reading from our

Schaumburg Business Attorneys

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