La Grange Office: 1022 S La Grange Rd, La Grange, IL 60525
Hinsdale Office: 15 Salt Creek Ln, Hinsdale, IL 60521

Entrepreneurs do a wonderful job of creating ideas and generating business. Our firm represents corporations, LLCs, and partnerships and helps them develop strategies and goals for the future.

Fornaro Law typically works with the following corporate clients:

  • Companies and businesses that are just starting out
  • Entrepreneurs that need guidance in the process
  • Growing businesses that need asset protection and structure
  • Organization that want to structure their business to take advantage of income tax benefits and tax planning alternatives

Protecting your assets is a critical part of the sustainability of a business. You work hard in your business to establish wealth. Why would you put your personal assets at risk?

Let Fornaro Law bring structure to your business. Whether it is corporate or LLC formed, asset protection, succession planning or maintaining minute books, let Fornaro Law help make your business a success for now and in the future.

It is common to think that having insurance will protect a business owner’s personal assets.

However,

  • What happens if you forget to make a payment?
  • Or your insurance company denies coverage under the insurance policy?
  • Or someone does something in your organization that is not covered by insurance?

Structuring, Agreements and Plans

Creating a corporate structure that shields your personal assets is good planning and will help you be prepared during your business growth.

Each business has a different need. Sometimes establishing a corporation or a limited liability company outside the borders of Illinois provides better asset protection. Sometimes it is better to open a corporation rather than a keep a limited liability company.

Structures and agreements determine what happens in the event of a dispute between partners in a company. They help determine what happens in the event of a death or a disability. Do you want to run your business with your business partner’s family if your partner dies or becomes disabled?

Create a succession plan with key employees. What happens after you are unable to work? Who keeps the business going? How does the money get from the business to your heirs?

Working with Us

Entrepreneurs are known for their ability to come up with great ideas. That being said, a great idea does not translate to a great business unless you have a team in place that will help you succeed to the next level.

Fornaro Law has the legal team that will help you achieve your vision. We also have professional connections with accountants, investors, consultants, financial planners and marketing firms which can help structure the growth and to help make the entrepreneurial dream become a reality. Let Fornaro Law help make your business a success for now and in the future.

Seeking Investment?

Fornaro Law has investors and contacts that provide seed money for the focused and driven entrepreneur. The pairing of the investor and the entrepreneur is just another benefit of working with us.

We have had great experience with start-ups that have grown into good size companies. Our assistance at early stages has resulted in long-term benefits for our clients.

We understand the cashflow challenges with starting up a business. We offer payment structures that will make the financial issue less burdensome.

In this important stage, we want you to focus on your idea rather than worrying about the process.

We have a simple formula for our clients that have a problem or are buying businesses (venture capitalists) that have value and a long-term upside but are in a financial or structural dilemma.

  1. Analyze the situation or problem that they are facing.
  2. Understand what is causing the problem or how the structure can improve.
  3. Identify and prioritize different matters that need to be addressed to alleviate issues related to the problem.
  4. Make certain that we have full knowledge of all aspects of the situation.
  5. Create a plan of action and goals on the short term and long term.
  6. Obtain approval from the client on the short term plan but have preliminary approval or consideration of a concept for the long term plan.
  7. Encourage the client to not only adopt the short term plan to get to a point where the situation is stabilized but also create the foundation for sustained growth into the future.
  8. Start implementation of the short term plan.
  9. Work with professionals and other clients (with money or knowledge that can help) and business partners (banks) that can add value to the situation to help grow the network and security and consistency for the clients.
  10. Obtain stability.
  11. Start implementation of the long term plan and establish future goals for the company including succession, end game strategies and estate considerations.

We have a simple formula for our clients that are experiencing growth potential or businesses that a strong potential for a vertical (venture capitalists) that have value and a long-term upside but are in need of structure or guidance or ideas but are doing well as they are.

  1. Analyze the business model.
  2. Understand what is the best way to structure so that the company has an easy and simple model for growth which can grow with them.
  3. Identify and prioritize different matters that need to be addressed to alleviate issues related to the company. For example, incorrect entity or tax structure, ways to asset protect, alternatives to fund growth, implement succession planning, buy sell agreements, life insurance, estate issues, etc.
  4. Make certain that we have full knowledge of all aspects of the company and how they relate to other aspects of the clients’ lives.
  5. Create a plan of action and goals on the short term and long term.
  6. Obtain approval from the client on the short term plan but have preliminary approval or consideration of a concept for the long term plan.
  7. Encourage the client to not only adopt the short term plan to get to a point where simple matters are addressed but also create the foundation for sustained growth into the future.
  8. Start implementation of the short term plan.
  9. Work with professionals and other clients that can add value to the situation to help grow the network and security and consistency for the clients.

Start implementation of the long term plan and establish future goals for the company including succession, end game strategies and estate considerations.