Starting a business is hard and can be complicated, especially when you finally need to make it, “legal.” Part of getting right with the law is deciding on the right business entity, and broadly, the Internal Revenue Service recognizes several business types: the sole...
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Built on Relationships and Integrity
Business Formation & Planning
What is a limited liability limited partnership?
On Behalf of Walker Morton LLP | Nov 11, 2022 | Business Formation & Planning
Proper business organization requires a fundamental understanding of many converging factors: financial investment and profits, management structure and personal and entity liability. A relatively new type of business entity, the limited liability limited partnership,...
Do I need to update my employee handbook?
On Behalf of Walker Morton LLP | May 11, 2022 | Business Formation & Planning
An employee handbook is an important way for a business to share important information with its employees. If you are the owner or manager of a business, your employee handbook outlines your policies, procedures and the rules that govern your company. It can cover...
The differences between S corporations and C corporations
On Behalf of Walker Morton LLP | Apr 27, 2022 | Business Formation & Planning
There are many decisions to make when starting up a business and business forms to choose from when it comes time to make that important decision. In some cases, it makes sense to register a business as a corporation. There are multiple types of corporations, and two...
Different options for business formation
On Behalf of Walker Morton LLP | Feb 16, 2022 | Business Formation & Planning
There are several different business forms that new business owners can choose from when setting up their business. It is helpful to be familiar with what they are and what the differences between the different business forms are. Different options for business...
How do I select a business form for my business?
On Behalf of Walker Morton LLP | Feb 2, 2022 | Business Formation & Planning
Setting up a business is an important and exciting step for a new business owner. Because of that, new business owners should be familiar with the different options they have the implications of each to help them make the best business formation decision possible....
Business formation: partnerships explained
On Behalf of Walker Morton LLP | Nov 22, 2021 | Business Formation & Planning
Starting a new business can be both exciting and terrifying. You’ll have a lot of decisions to make at the outset, including what form your business will take. If a partnership is one of the forms you’re considering, it’s important to understand the different types of...
How to decide on the best form for your business
On Behalf of Walker Morton LLP | Sep 21, 2021 | Business Formation & Planning
Selecting a business form is an important decision and its importance may sometimes be overlooked. Putting together a new business requires many different decisions and the decision of what business form to select should be carefully considered. Start your business...
Is your business ready to incorporate?
On Behalf of Walker Morton LLP | Aug 18, 2021 | Business Formation & Planning
You built your business in Chicago from the ground up and you have seen considerable success throughout the years. A once small enterprise now hires many people, has a solid and significant client base and has caught the interests of investors. At this point, you may...
Why does the structure of a business matter?
On Behalf of Walker Morton LLP | Apr 23, 2021 | Business Formation & Planning
Businesses are started each and every day. In Chicago and throughout the nation, new entities pop up with incredible speed. While not all businesses make it through their first years of operation, many fall into successful patterns to move their corporate objectives...







