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What You Need to Know About Legally Organizing a Business

  • By nat rosasco
  • 22 Feb, 2012
You have an idea. You’ve decided to go for it. You’re ready to start your own business – but there are still a lot of questions need answered. What type of organizational structure fits your business? How many employees should you hire initially? Where do you get the funding if you can’t afford to start it […] The post What You Need to Know About Legally Organizing a Business appeared first on GGHH Law.
You have an idea. You’ve decided to go for it. You’re ready to start your own business – but there are still a lot of questions need answered. What type of organizational structure fits your business? How many employees should you hire initially? Where do you get the funding if you can’t afford to start it yourself? How can you protect yourself from lawsuits filed by your customers or employees?While starting a business can be exciting, it’s also a time of high stress. But first, you have to legally organize your new company. It’s important to consider how you would like to organize your business. Under the law, you can organize your company as a sole proprietorship, partnership, a limited partnership, a limited liability company (LLC) or corporation. Some businesses even structure themselves as cooperatives, in which ownership is distributed among several people.
The process of  business formation  can be daunting regardless of how your business is structured. If you’re not sure which option would be best for your business, talk with a business law attorney.
By nat rosasco 05 Dec, 2016
On November 22, 2016, U.S. District Court Judge Amos Mazzant granted an Emergency Motion for Preliminary Injunction and thereby enjoined the Department of Labor from implementing and enforcing the Overtime Final Rule on December 1, 2016. The case was heard in the United States District Court, Eastern District of Texas, Sherman Division (State of Nevada […] The post Important information regarding recent overtime litigation in the U.S. District Court of Eastern District of Texas appeared first on GGHH Law.
By nat rosasco 17 May, 2013
INTRODUCTION Though it may seem that the economy is on the mend, a quick discussion with the leaders of many area businesses exposes an underlying unease as to whether the economy as a whole can sustain its recovery given the inability of bureaucrats in Washington to craft long-term solutions to our country’s financial crisis.  Many […] The post CASH OR CREDIT…LANDLORDS BEWARE! appeared first on GGHH Law.
By nat rosasco 09 Jan, 2013
Limited Liability Companies, or “LLC” as they are more commonly known, have been the “entity du jour” over the past decade, and I’ve been asked by many a client what the real reasons are to choose an LLC over, for example, an S-Corporation, a Partnership or a traditional C-Corporation.  Choosing the most appropriate structure for […] The post TO LLC OR NOT TO LLC: THAT, IS THE QUESTION! appeared first on GGHH Law.
By nat rosasco 13 Nov, 2012
As the former owner of a contracting business I am all too familiar with the need to be named as an “additional insured” on a subcontractor’s certificate of insurance.  Most business owners and risk managers though don’t fully understand the nuances of this often overlooked but vitally important part of their overall insurance coverage.  For […] The post DON’T GET TRAPPED IN THE COVERAGE GAP: ADDITIONAL INSUREDS UNDER COMMERCIAL GENERAL LIABILITY POLICIES – RECENT DEVELOPMENTS appeared first on GGHH Law.
By nat rosasco 07 Nov, 2012
With the increase in recent years of real estate transactions involving distressed mortgage loans and investors or developers intent on acquiring fee title to the underlying property, the City of Chicago needed to clarify its position on the interaction of Exemptions C & M of the Chicago Real Property Transfer Tax Ordinance. Exemption C provides […] The post CITY OF CHICAGO CLARIFIES EXEMPTIONS TO TRANSFER TAX ORDINANCE appeared first on GGHH Law.
By nat rosasco 02 Oct, 2012
Elmhurst, IL, October 1, 2012–Garelli Grogan Hesse & Hauert (GGHH), a multi-practice law firm serving businesses and individuals throughout the Midwest, is pleased to announce that Jordan Uditsky has joined the firm as a partner to further expand its existing business transactional practice. Mr. Uditsky brings a wealth of experience to GGHH as both a […] The post Garelli Grogan Hesse & Hauert Appoints New Lawyer appeared first on GGHH Law.
By nat rosasco 28 Feb, 2012
While you may have the best of intentions as an employer, a single misstep can create ugly employment lawsuits. There are important things that every employer must know to avoid employment litigation. Discrimination, in particular, can be especially tricky. Here’s what you need to know: Discrimination Hiring and promoting the best-qualified candidates isn’t always as easy […] The post What Employers Need to Know About Discrimination appeared first on GGHH Law.
By nat rosasco 22 Feb, 2012
You have an idea. You’ve decided to go for it. You’re ready to start your own business – but there are still a lot of questions need answered. What type of organizational structure fits your business? How many employees should you hire initially? Where do you get the funding if you can’t afford to start it […] The post What You Need to Know About Legally Organizing a Business appeared first on GGHH Law.
By nat rosasco 15 Feb, 2012
Protecting our loved ones is a primary concern for most of us. Although it’s unpleasant to think about what happens when we die, it’s essential that we plan ahead. If passing your assets along to your surviving family members, close friends and favorite charities is important to you, there are some things you should know about […] The post 3 Common Questions Probate Lawyers Are Asked appeared first on GGHH Law.
By nat rosasco 07 Feb, 2012
Most of us hope to build wealth that we can pass along to our loved ones when we die. To ensure that your estate is transferred according to your wishes, estate planning is important. You might think that estate planning is just for wealthy people, but you’d be mistaken. Too often, families are torn apart […] The post Estate Planning 101 appeared first on GGHH Law.
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