Use An Attorney That Sees The Big Picture, Not A Company That Is Interested In Selling You Form Documents. Fornaro Law’s model with corporate structuring of entities and asset protection involves thinking outside of the box and doing things that make sense.
Unfortunately, we have seen a consistent use of cookie cutter entity formation documents for corporations and limited liability companies that are available for an inexpensive price online.
Online companies are not looking at your present or future, as their sole goal is to sell as many documents as possible.
Because Fornaro Law has a very large business and corporate practice, we consistently have to correct business documents for people that have formed themselves or have used online companies.
Currently, we are preparing for litigation in one case in which the parties did not seek legal advice prior to forming an entity, using an online service.
Prior to forming an entity online these are the things that you should think about:
Have you spoken to a corporate accountant to determine the best way that the entity should be taxed and how the new entity will fit in your existing and future tax planning?
Illinois is not the best place to form an entity for asset protection purposes.
Did you know that Delaware is much better for many reasons.
Reach out to Fornaro Law to learn more.
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