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Business Formation / Succession Planning

Business Formation / Succession Planning

Small businesses are the backbone of our country. If you have an idea for a small business, you owe it to yourself to do everything you can to see your dream realized. Owning a small business can be one of the most rewarding experiences one can have, both financially and — more importantly — personally. However, without the help of a qualified business attorney to assist you in forming your business, your dream could turn into a nightmare.

Small Business Start-Up

Chicago attorney Matt Hess can help you take all of the necessary steps to get your business off the ground. From selecting the appropriate corporate entity (Corporation, LLC, LLP, Partnership, etc.) to drafting partnership agreements, bylaws, and non-compete agreements to protecting your intellectual property, Mr. Hess is here to help you every step of the way.

Transfer of Ownership / Business Succession

Once your business is off the ground, it is important for any business owner to contemplate the eventual transfer of ownership and develop a sound business succession plan. Succession planning for your business, like estate planning for your personal assets, must be considered from the time that your business is established.

By working side-by-side with you, a strong succession plan can be formulated that meets all of your goals for the future of your business, including determining who will succeed you as owner(s) of the business, who will operate the business or play key roles or whether the business should be dissolved, sold or gifted. By establishing a close working relationship with you, Mr. Hess will be able to understand your particular business plan and goals and will be able to provide sound legal advice and guidance every step of the way.

Mr. Hess works with family and closely held businesses primarily on the South side of Chicago and the Southwest suburbs, but also throughout Illinois. Contact Hess Law Firm today to discuss all of the ways in which Mr. Hess can help you launch and safeguard your small business.

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