Small Family Owned Businesses

Often, our clients own small family owned businesses which become an essential part of their estate plan, either by passing the business on to the next generation or by seeking the sale of the company.

Some of the tasks included in our legal representation are:

• Act as registered agent of businesses for the state of Illinois.
• Prepare annual corporate reports and minutes of the business.
• Prepare corporate bylaws.
• Prepare stock certificates and stock transfers.
• File all necessary paperwork with the state to maintain a corporation or partnership in good status.
• Prepare state of Illinois and Federal business tax returns.
• Prepare employment contracts, covenants not to compete and other contracts necessary to proteci the business.
• Prepare Buy/Sell agreements.
• Prepare Grantor Retained Annuity Trusts.
• Plan for the passing of ownership among family members.