What is an LLC?

Find the right LLC attorney in Waukegan, IL

The legal business form of the LLC, or Limited Liability Company, offers the benefits of several other traditional business forms. A LLC has the benefits of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. LLC's, like corporations, can also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. Limited liability has historically been a primary goal of many business forms, but since the legislature authorized it in Illinois, the modern LLC has become increasingly popular.

Can My Business Be Formed as an LLC?

Illinois allows a company to incorporate using the business form it chooses. To begin as an LLC, a company simply files the necessary form with the Secretary of State. However, fees are generally required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Illinois law. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company can lead to increased profits, but the process may take some time.

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

A business in Waukegan may change its form under certain conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable Illinois laws.

How Can an Attorney Help?

Attorneys 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 Waukegan

Waukegan is located Lake County, Illinois. Specifically, it is situated on the western shore of Lake Michigan.

Waukegan's top employers include the school district and health care system, Uline, Coleman Cable, Medline Industries, WMS Industries, and the Illinois Department of Human Services.

Tourists love to visit Bowen Park, Clockwise Theatre, Ganster Pool, Genesee Theatre, Roosevelt Park, Waukegan History Museum, Waukegan Municipal Beach, and The Fieldhouse.

Waukegan is also home to many attorneys that practice in various fields of law and are devoted to providing their clients with excellent legal services.

Some famous people who have called Waukegan home include Jack Benny, Mark Livingstone, Andy Devine and Don Wilson.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA