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Table of Contents
-
List of Forms by Chapter - Chapter 1 — Organizing and Advising a Small Business
- I. [1.1] Introduction
- II. [1.2] Whom Do You Represent?
-
III. Choosing the Form of Business Entity - [1.3] Sole Proprietorship
- Partnership
- [1.4] General Partnership
- [1.5] Limited Partnership
- [1.6] Limited Liability Partnership and Limited Liability Limited Partnership
- Corporation
- [1.7] C Corporation
- [1.8] S Corporation
- [1.9] Limited Liability Company
- [1.10] Close Corporation
- [1.11] Professional Corporation
- [1.12] Joint Venture
- [1.13] Cooperatives
- General Considerations
- [1.14] Number and Identity of Owners and Investors
- [1.15] Limited Liability
- [1.16] Tax Considerations
- [1.17] Management
- [1.18] Transferability of Ownership
- [1.19] Estate Planning
- [1.20] Professional Regulation
- [1.21] Continuity of Ownership and Management
- [1.22] Costs; Flexibility for Future Transactions
- IV. Organizing the Business Entity
- [1.23] Sole Proprietorship
- Partnership
- [1.24] General Partnership
- [1.25] Limited Partnership
- [1.26] Limited Liability Partnership and Limited Liability Limited Partnership
- C Corporation
- [1.27] Selecting the State of Incorporation
- [1.28] Incorporators
- [1.29] Subscriptions for Shares; Pre-Organization Subscriptions
- [1.30] Articles of Incorporation
- [1.31] Registered Agent and Office
- [1.32] Purposes for Which Corporation Is Organized
- [1.33] Authorized and Issued Shares; Consideration Received
- [1.34] Directors
- [1.35] Allocation Factor
- [1.36] Effectiveness of Articles of Incorporation
- [1.37] Bylaws
- [1.38] Meeting of Incorporators
- [1.39] First Meeting of Shareholders
- [1.40] First Meeting of Directors; Corporate Seal
- [1.41] Form of Stock Certificate
- [1.42] Organizing Other Forms of Corporations
- [1.43] S Corporation
- [1.44] Close Corporation
- [1.45] Professional Corporation
- [1.46] Limited Liability Company
- [1.47] Federal Employer Identification Number
- [1.48] Trademarks, Trade Names, and Service Marks
- V. [1.49] Buy-Sell Agreements
- VI. [1.55] Securities Law Concerns
- [1.56] Federal Securities Law
- [1.57] Intrastate Offering Exemption
- [1.58] Private Offering Exemption
- [1.59] Violations of Federal Securities Law
- [1.60] Illinois Securities Law
- [1.61] Preincorporation Subscriptions
- [1.62] Sales to Fewer than 35 Persons or Offerings Less than $1 Million
- [1.63] Sales to Existing Security Holders
- [1.64] Miscellaneous
- [1.65] Violations of Illinois Securities Law of 1953
- VII. Capitalization and Financing of Corporations
- [1.66] Equity and Debt
- [1.67] Unconditional Promise To Pay
- [1.68] Subordination or Preference
- [1.69] Ratio of Debt to Equity
- [1.70] Conversion of Debt into Stock
- [1.71] Ownership of Debt and Equity
- [1.72] 26 U.S.C. §1244
- Outside Sources of Financing
- [1.73] Banks
- [1.74] Finance Companies
- [1.75] Venture Capital Groups
- [1.76] Leasing
- [1.77] Governmental Agencies
- VIII. [1.78] Operating the Business Entity
- IX. [1.79] Appendix — Sample Forms
Authors
- Todd M. Young
Todd M. Young
Todd M. Young is a Partner at Hinshaw & Culbertson LLP in Chicago, where he concentrates his practice in corporate transactions and governance, with a particular focus on employee stock ownership plan transactions. He was recognized as a Notable LGBTQ Executive by Crain’s Chicago Business in 2018. He received his A.B. cum laude from Dartmouth College and his J.D. from the University of Chicago Law School, where he was Comment Editor of the Law Review.
Elements of Illinois Law: Organizing and Advising a Small Business (ARCHIVED 2020 EDITION)
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