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...
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Business Formation & Planning
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...
What are some options for structuring your small business?
On Behalf of Walker Morton LLP | Dec 23, 2020 | Business Formation & Planning
Those in the Chicago area with an entrepreneurial spirit may want to start their own small business. If so, they will need to choose a business structure. The following is an overview of some options for structuring your small business. Sole proprietorships A sole...
Differences between an LLC and S Corporation
On Behalf of Walker Morton LLP | Jul 28, 2020 | Business Formation & Planning
If you are an Illinois entrepreneur, you know that making difficult decisions is part of being a business owner. However, you may not know that choosing the right business structure for your company can affect the way you conduct business and affect growth options. We...
Should you sell your products in a large online marketplace?
On Behalf of Walker Morton LLP | May 14, 2020 | Business Formation & Planning
You've created your own line of scented candles or perhaps homemade jewelry, wall art or t-shirts. You're ready to start selling them online. Do you use a proven e-commerce giant like Amazon, Etsy or eBay or do you do it through your own website?There are numerous...
An overview of business partnerships
On Behalf of Walker Morton LLP | Aug 15, 2019 | Business Formation & Planning
The term "partner" is used in many different contexts outside of the world of business. Two people who choose to live together in marriage or as a committed couple may call each other their partners, and good friends who have a close emotional bond may refer to each...
How do I select the best business form for my business?
On Behalf of Walker Morton LLP | May 9, 2019 | Business Formation & Planning
Selecting the best business form for your business is an important question that should be carefully considered. The selection of a business form impacts liability, taxation, how much the business costs to run, control of the business, capitalization and other...
What are the advantages of an S-corporation?
On Behalf of Walker Morton LLP | Mar 12, 2019 | Business Formation & Planning
For those deciding to start a corporation, there are many things to consider. To begin, a business plan should be put in place. However, a more important issue to address is what type of business to form. There are various business types, but usually, there is only...
Guiding you through the business formation process
On Behalf of Walker Morton LLP | Jan 22, 2019 | Business Formation & Planning
Whether it is something you've been working towards for years or a sudden opportunity, starting a business is a major event. Much goes into a business no matter its size. Thus, business owners need to take steps to ensure their interests in the business are protected....
Five basic steps for starting an LLC
On Behalf of Walker Morton LLP | Jan 14, 2019 | Business Formation & Planning
Starting a business sounds like an exciting adventure. While an Illinois business venture sounds great in conversation and looks pretty good on paper, some are afraid the dive in a take the necessary steps to form a business. Maybe they are afraid of failing, or...
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