Startup

A close corporation, also known as a closely held corporation,  is a type of business entity where the majority of the ownership is held by a small number of shareholders. Typically, these shareholders are family members, friends, or a small group of individuals. This type of corporation is often characterized by a more intimate and

The trucking business in Illinois is a lucrative industry that offers great growth opportunities and a valuable service for the community. However, logistics and transportation are heavily regulated industries. To operate those businesses in Illinois, not only will you need a strategic business plan but also a thorough understanding of the legal and compliance requirements.

A joint venture is an agreement in which two parties combine resources or expertise for a certain project or objective. In a partnership, two or more individuals agree to continuously conduct a business together and share its ownership. The key difference between them is that, while in a partnership there is an ongoing business relationship,

The Illinois Articles of Organization is the name given to a legal document that is required to formally register a limited liability company in this state. This document provides the Illinois Secretary of State with the essential information to start the formation process of your LLC. An LLC is a business structure in which owners

A professional limited liability company, or PLLC, is a kind of business structure that offers personal asset protection to a group of licensed professionals whose business provides the same type of services.  PLLCs are formed specifically for services that require professional licensures, such as lawyers, dentists, accountants, and chiropractors. Not all states allow this variation