Forming a Business
Skilled Guidance from Our Wilmette Business Lawyers
Starting a business can be an exciting, yet stressful experience. You’ve finally decided to commit to an idea, but you want to make sure you’re taking the appropriate steps toward success. The decisions you make in the early stages of your business can determine whether your venture prospers or fails. One of the first choices you must make is in the type of business entity to establish.
Types of business entities include:
- Sole proprietorships
- Partnerships
- Corporations
A sole proprietorship is when you own and run your business yourself, whereas a partnership divides the responsibilities and decision-making between all the partners. Corporations involve a group of people, but are recognized as a single individual. Each entity has its advantages and disadvantages, which our lawyers at Canning & Canning, LLC can explain to you. As business attorneys, we listen to your business goals and needs so we can determine the right entity for your business. We are also business owners ourselves, so we can offer well-rounded legal insight for your businesses.
Smart Strategies
Equally important to deciding on a business entity is your business strategy. A business plan includes everything from your business objectives to tax-planning strategies. With a solid plan, you may have a higher chance of being granted loans from banks or any other lending institutions. We can offer assistance in negotiating with the bank for loans, reviewing and drafting contracts, and many other business formation issues. With our help, you can remain focused on advancing towards your business goals.
Laying the Foundation for Success
The success of your business is our priority at Canning & Canning. As business owners ourselves, we understand the challenges you may face when starting a business. Our business lawyers offer well-honed legal counsel with the personalized responsiveness of a small law practice, while providing big-city training and experience at suburban rates.
Contact our law firm to book an appointment. We are eager to begin helping you plan your business ventures.
We proudly help potential entrepreneurs in the North Shore area, including Evanston, Winnetka, Lake Forest, Highland Park, Cook County, and Lake County.
