What is an LLC?

Find the right LLC attorney in Skokie, IL

The legal business form of the LLC, or Limited Liability Company, offers the advantages of several other traditional business forms. A LLC has the advantages of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. LLC's, like corporations, may also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Illinois since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

A business in Illinois can be organized using the form that it chooses. If the founders want to organize as an LLC, all that is necessary is filing the appropriate form with the Secretary of State. There can be a fee required for opening your LLC, however. Applicable Illinois laws govern the formation of LLC's and their actions. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it might take some time to find, choosing the right business structure for your company will lead to increased profitability.

Can I Change the Form of My Business to an LLC?

Businesses in Skokie may change their forms in specific circumstances. Whether a business may convert to a LLC or not is determined by Illinois law.

How Can an Attorney Help?

Lawyers practicing business law in Illinois can advise you on whether it would be favorable for your business to form or convert to a LLC.

Talk to a Business Law Attorney now!

Life in Skokie

The picturesque town of Skokie, Illinois is located just sixteen miles from the state capital of Chicago, and twelve miles from Chicago O'Hare International airport. Comprised of 10.2 square miles, Skokie is a popular town for city workers to live in, and was awarded the Illinois "Governor's Award" as well as being recognized as an "All American City" by the National Civil League.

Out of the entire country, Skokie was the first community to have a nationally accredited fire, police and public works department -- a distinction that places Skokie as a model city to many others inside and outside of the state. With all the awards and attention, it is no wonder that Skokie was named one of the 80 fastest growing suburbs in the nation.

Also on the rise in Skokie are lawyers. Whether working in Chicago or Skokie, local lawyers are skilled in anything a client may need whether it is a high stakes divorce or drafting a simple deed. Many lawyers come from the local law schools in Chicago, including University of Chicago Law School.

Skokie gets its unique name from the Native American term for fire. Skokie is home to the Illinois Holocaust Museum and Education center, and the city's large Jewish population makes it the only Illinois city that has more Jewish schools than Catholic schools. The North Shore Center for Performing arts is located in Skokie and provides the city with many cultural events and concerts every year.

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