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Winnebago County Business Attorneys | Corporate Lawyers, Winnebago County IL

Winnebago County Business Attorneys | Corporate Lawyers, Winnebago County IL

At O’Flaherty Law we understand that you are very busy operating your own business. Let us handle all of your business’ legal needs, so you can focus on your business; your main concern. We have budget-friendly rates, expertise, and empathy to assist your business. Call us today to schedule a consultation, at no cost to you, to discuss how O’Flaherty law can help your corporation or LLC.

At O’Flaherty Law we understand that you are very busy operating your own business. Let us handle all of your business’ legal needs, so you can focus on your business; your main concern. We have budget-friendly rates, expertise, and empathy to assist your business. Call us today to schedule a consultation, at no cost to you, to discuss how O’Flaherty law can help your corporation or LLC.

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Your Community Law Firm

Why O'Flaherty Law for My

Business Representation

Matter?

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

We are Business Minded!  Kevin O’Flaherty and our team of Winnebago business attorneys have the entrepreneurial spirit and know-how to assist with all of the needs of your small business.  Kevin is the founder and host of the SeizeYourBusiness.com podcast and videoblog, which is a great educational tool for business owners who are just getting started.  In addition to the podcasts, Kevin also regularly hosts workshops for small business and think tank groups, as a means for business owners to bounce thoughts and ideas off one another.  You can become a member of our business networking events too! 

We are active in the local business community!  Kevin is a hometown business owner who cares about his community, which is why he is a board member of Camber630 in Downers Grove.  O’Flaherty Law is also influential in the communities of Naperville, Elmhurst, Westmont, and Willowbrook/Burr Ridge.  Kevin’s appreciation for his community combined with a passion for small business puts our firm in a position to work with your own business in designing personalized creative strategies.

Our Clients Love Us!  We have built a reputation in the community for providing above-and-beyond service to our clients.  Our Winnebago County attorneys are skilled, accessible, and provide prompt work and responses to communication.  Many of our clients have been so happy with our service that they have taken time out of their day to leave us glowing reviews.   We were honored to have received the Avvo Clients’ Choice Award thanks to our clients' positive response.  In 2015, Kevin O'Flaherty was named as one of Suburban Life Magazine's Best Under 40.  We have an A+ Rating with the Better Business Bureau, and have never received a BBB complaint.  We look forward to earning your trust and establishing a life-long relationship with you.  

We are Budget Friendly!  Our organization understands how important it is as a small business owner to have a strict budget.  We don’t want you to feel as though you cannot afford our legal services if an issue should arise.  This is why we have set our rates lower than the industry standard, at very cost effective rates, so that you never hesitate to call O’Flaherty Law.

Some of Our Accomplishments

Schedule a Free Consultation With Our

Winnebago County Business, Corporate & Contract Law Attorneys

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

Winnebago County Business, Corporate & Contract Law Attorneys

at our nearest location to schedule a free consultation:

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

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 Winnebago County Business, Corporate Law & Contract Attorneys

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

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?

Winnebago County Business Lawyers, Winnebago County Contract Law Attorneys, Winnebago County Corporate Attorneys, Winnebago County Business Attorneys, Winnebago County Contract Law Lawyers, Winnebago County Corporate Lawyers

Winnebago business lawyer, Kevin O'Flaherty, discusses when you should consult your business attorney.

Winnebago County Business Lawyers, Winnebago County Contract Law Attorneys, Winnebago County Corporate Attorneys, Winnebago County Business Attorneys, Winnebago County Contract Law Lawyers, Winnebago County Corporate Lawyers

As a business owner, it is crucial to have an ongoing and open relationship with your business attorney.  A good rule of thumb would be to consult your attorney early and often to avoid any potential legal issues involving your business.  It is our recommendation that you keep O’Flaherty Law in mind should any of the following needs arise:

  1. Incorporating Your Business:  Our Winnebago corporate attorneys can help you pick the best possible corporate entity for your specific business, and we will also explain the advantages and disadvantages of LLC’s and S-Corps.  We will also assist you in creating the proper corporate formalities are followed to take make sure you receive the benefits of liability protections and self-employment tax advantages, after you incorporate.  We will do this by helping you draft your bylaws and record your opening meeting minutes.  Our attorneys can also help you obtain an EIN Number, file for an S-Corp election, and register with the appropriate government agencies. 
  2. Annual Maintenance At the end of the year, our Winnebago attorneys can prepare and file your corporation or LLC’s annual reports for you with the Illinois Secretary of State.  We are also capable of preparing the minutes for your annual shareholder and director meeting.
  3. Contract Drafting & Review: You should have a written contract drafted or reviewed by your business attorney, for every business interaction you have.  Our Winnebago contract lawyers can assist you by preparing a form contract for your customers, your lease, contracts with third party vendors and business associates, partnership and executive compensation agreements, asset and stock purchase agreements, and buy-sell agreements among your partners.
  4. Intellectual Property, Trademark, and Copyright: You are working hard to create a brand for your business, which means we will work just as hard to protect your creative works through copyright. Our business attorneys will defend your business’ name and logo by filing a trademark application on your behalf.  It’s your business, why should anyone else have the rights to your property? 
  5. Business Purchases & Sales:  When you are buying or selling any or all of the stock or assets of your business, you should have one of our attorneys draft or review the stock/asset purchase agreement.
  6. Rewarding Key Employees & Executives:  When your business is running smoothly, our Winnebago County business lawyers can help you keep it that way by assisting you in structuring executive compensation contracts and profit sharing plans.  We will advise you on creative strategies to keep your key people in place for the long term.  
  7. Business Disputes:   Not every firm has the expansive experience in commercial dispute resolution and litigation that O’Flaherty Law does.  If you have a dispute with a customer, an employee, your landlord, or a third party with whom you have contracted, contact one of our legal professionals in Winnebago County to resolve any disputes as quickly as possible and in a cost-conscious manner. 
  8. Exit Strategies: Whether you are thinking about beginning the next phase of your career in the next year or the next ten years, it is never too early to start thinking about an exit strategy.  Our attorneys can help you formulate a long-term plan and draw up the necessary contracts to package your business for sale or transfer shares of the business to key employees or family members over a period of time.  We can help see your exit strategy through so you can focus on the next stage in your career.
  9. Estate Planning: An estate plan is a necessary life step for anyone who owns their own home or business.  You have worked hard to generate your assets; make sure they are properly distributed to the ones you love while at the same time avoiding a minimizing estate tax.

Read the article from out Winnebago County Business Attorneys

Why Work With An Attorney When Incorporating Your Business?

Incorporating your business, either as a Corporation or an LLC, will protect you from personal liability for business debts.  It will also allow you to save on self-employment tax.  It is important to incorporate correctly in order to receive these benefits.  Our Winnebago business attorneys can assist you with this in a cost-effective manner.  Here are the top 5 reasons to work with an attorney when incorporating your business:

  1. Our Winnebago corporate attorneys will work with you to select the most advantageous corporate form for your particular circumstances:   Meeting with an attorney will allow you to learn the pros and cons of incorporating as an LLC versus an S-Corp.  The appropriate corporate entity depends on your personal circumstances.  Making the wrong choice can cost hundreds of dollars in additional secretary of state fees, both initially and annually.  If you are a real estate investor or have multiple businesses, our attorneys can show you how Series LLCs can provide significant cost savings, allowing you to operate multiple businesses, protected from each other's liability, while paying one annual filing fee with the Illinois Secretary of State.  If you are a professional, you may be required to file as a P.C. or P.L.L.C.  Our Winnebago corporate attorneys will assist you in navigating these tricky waters to ensure that you select the best corporate form for your business. 
  2. Our Winnebago business lawyers will help you maintain required corporate formalities on an ongoing basis:  In order for your corporation to be effective in protecting you from liability or a self-employment tax audit, it is important that you maintain certain corporate formalities, even if you are the sole shareholder of the corporation.  Our Winnebago corporate lawyers will ensure that you are aware of these requirements and that they are fulfilled.  We will prepare your bylaws, initial and annual meeting minutes of shareholders and directors, required notices or notice waivers for your shareholder and director meetings, stock certificates, and corporate book.  We make the process easy, so that you can focus on growing your business, not legal procedures. 
  3. Our Winnebago corporate attorneys will register you with the necessary government agencies:  When forming a corporation, you are required to file registrations with several government agencies.   We will help you cut past the red tape by taking care of these registrations on your behalf.  Our Winnebago corporate attorneys will obtain a federal EIN Number, a State Tax Identification Number, register you with the Illinois Department of Unemployment Insurance, and obtain any industry-specific registrations and licenses that may be required.  
  4. Our Winnebago business lawyers will assist you in receiving the most advantageous tax status for your corporation:  Filing an S-Corp election with the IRS may allow your business to save thousands of dollars in both income tax and self-employment tax.  Our Winnebago County business attorneys will advise you on the most advantageous tax status for your corporation and complete the necessary filings to obtain this status within the required deadlines. 
  5. Consulting with our Winnebago County business attorneys when starting your business is an excellent opportunity to establish a long-term relationship:  Over the years, your business will have a variety of legal needs, such as  contractscommercial leases, employee and independent contractor issues, disputes, and exit strategies.  Working with our Winnebago business lawyers at the outset to incorporate your business will allow you to establish a relationship with an attorney, so that, when an unexpected issue arises, you will have someone you trust just a phone call away.  We look forward to being your partner in business and working with you as your business grows.

‍ Read more: 11 Situations in Which You Should Contact Your Business Attorney.

Winnebago County Business attorney Kevin O'Flaherty discusses five reasons to work with an attorney when incorporating your business.

Incorporating your business, either as a Corporation or an LLC, will protect you from personal liability for business debts.  It will also allow you to save on self-employment tax.  It is important to incorporate correctly in order to receive these benefits.  Our Winnebago business attorneys can assist you with this in a cost-effective manner.  Here are the top 5 reasons to work with an attorney when incorporating your business:

  1. Our Winnebago corporate attorneys will work with you to select the most advantageous corporate form for your particular circumstances:   Meeting with an attorney will allow you to learn the pros and cons of incorporating as an LLC versus an S-Corp.  The appropriate corporate entity depends on your personal circumstances.  Making the wrong choice can cost hundreds of dollars in additional secretary of state fees, both initially and annually.  If you are a real estate investor or have multiple businesses, our attorneys can show you how Series LLCs can provide significant cost savings, allowing you to operate multiple businesses, protected from each other's liability, while paying one annual filing fee with the Illinois Secretary of State.  If you are a professional, you may be required to file as a P.C. or P.L.L.C.  Our Winnebago corporate attorneys will assist you in navigating these tricky waters to ensure that you select the best corporate form for your business. 
  2. Our Winnebago business lawyers will help you maintain required corporate formalities on an ongoing basis:  In order for your corporation to be effective in protecting you from liability or a self-employment tax audit, it is important that you maintain certain corporate formalities, even if you are the sole shareholder of the corporation.  Our Winnebago corporate lawyers will ensure that you are aware of these requirements and that they are fulfilled.  We will prepare your bylaws, initial and annual meeting minutes of shareholders and directors, required notices or notice waivers for your shareholder and director meetings, stock certificates, and corporate book.  We make the process easy, so that you can focus on growing your business, not legal procedures. 
  3. Our Winnebago corporate attorneys will register you with the necessary government agencies:  When forming a corporation, you are required to file registrations with several government agencies.   We will help you cut past the red tape by taking care of these registrations on your behalf.  Our Winnebago corporate attorneys will obtain a federal EIN Number, a State Tax Identification Number, register you with the Illinois Department of Unemployment Insurance, and obtain any industry-specific registrations and licenses that may be required.  
  4. Our Winnebago business lawyers will assist you in receiving the most advantageous tax status for your corporation:  Filing an S-Corp election with the IRS may allow your business to save thousands of dollars in both income tax and self-employment tax.  Our Winnebago County business attorneys will advise you on the most advantageous tax status for your corporation and complete the necessary filings to obtain this status within the required deadlines. 
  5. Consulting with our Winnebago County business attorneys when starting your business is an excellent opportunity to establish a long-term relationship:  Over the years, your business will have a variety of legal needs, such as  contractscommercial leases, employee and independent contractor issues, disputes, and exit strategies.  Working with our Winnebago business lawyers at the outset to incorporate your business will allow you to establish a relationship with an attorney, so that, when an unexpected issue arises, you will have someone you trust just a phone call away.  We look forward to being your partner in business and working with you as your business grows.

‍ Read more: 11 Situations in Which You Should Contact Your Business Attorney.

Why Incorporate Your Business?

Winnebago County corporate lawyer, Kevin O'Flaherty, discusses the differences between corporations and LLCs.

Winnebago County Business Lawyers, Winnebago County Contract Law Attorneys, Winnebago County Corporate Attorneys, Winnebago County Business Attorneys, Winnebago County Contract Law Lawyers, Winnebago County Corporate Lawyers

In this article, our Winnebago County business attorneys discuss the benefits of incorporating.

  • Safeguard Your Own Assets From Liability:  It is a very real possibility that your business can be sued, frivolously or otherwise, by employees, customers, third party vendors, competitors, or even a personal injury on your premises.  By incorporating, you limit the amount of personal liability to the assets owned by the corporation.  This means that if you have a large amount of corporate debt, from a lawsuit or from a loan that your company cannot repay, you will likely be able to dissolve the corporation and keep your personal assets, as well as the assets of other businesses you own, safe from collection.
  • Save on Self-Employment Tax:  Owning your own business can come with some tricky tax regulations.  In addition to income tax, you will be required to pay self-employment tax on all of the earning of your business.  When you incorporate and file an S-Corp election with the IRS, you take home a portion of your business’ earnings as a salary, while claiming the rest as profit.  The benefit of doing it this way applies the self-employment tax to your salary exclusively, leaving your profits clear of any self-employment tax.  By incorporating, you are saving yourself hard earned dollars in the long run, by significantly reducing the amount of self-employment taxes over the years.

Read the article by our Winnebago County Business Attorneys

Further Reading from our

Winnebago County Business, Corporate & Contract Law Attorneys