Business & Corporate Law Attorneys -- With 2 Locations in LaGrange & Hinsdale, IL.
Serving Chicago, Western Springs, Westchester, Oak Brook, Berwyn, Brookfield, Westmont & the Chicagoland area
At Fornaro Law, we understand that business is fluid and that the different aspects of your business are interconnected. Your business doesn’t operate in silos, so why should our services? We have assembled a team of talented business & commercial law attorneys who are able to collectively service every aspect of your business. With this approach, we are able to ensure that any legal strategy that we propose for a particular business transaction will not unintentionally create adverse effects for any other aspect of your business.
With every transaction, we take into account your business in its entirety, including the current state of your business and your future business goals.
Business Contract Law in Illinois
Business contracts in Illinois, like any business agreement, involve an exchange of promises that the law will enforce, or a writing which contains the principal terms to which the parties have agreed. An enforceable business contract executed in a business transaction will generally include the following elements:
Offer – an offer by one party to do something
Acceptance – one party’s agreement to the terms of the offer
Consideration – right, interest, profit or benefit accruing to 1 party
Legal Purpose – the contract must be for a legal purpose
Capacity – age, mental capacity & legal existence are all issues of capacity
Mutual Assent – a meeting of the minds or mutual agreement
Certainty of Terms – the promises of the parties must be clear
It must be clear from the business agreement the promises that each party is making. Without some description of the terms and conditions of the parties, a court will be unable to enforce the business contract against either party. Our business attorneys call this type of contract an illusory business contract. An illusory contract is most often between two parties whereby one party making the promise to perform is under no obligation to fulfill the promise and thus the contract is unenforceable against said party. The terms and conditions of the business contract must be sufficiently definite to allow for the business agreement to be enforced.
Start-Up Business Lawyers
At Fornaro Law, our start-up business attorneys offer a range of start-up business legal services to entrepreneurs, inventors, and business professionals throughout Illinois. We work closely with each new start-up from organization through each phase of growth and expansion, handling all business transactions and business litigation matters that every start-up in the first few years of operation.
Corporate Attorneys For Small Business
At Fornaro Law, our focus is providing counsel to entrepreneurs, small businesses and start-ups. We have been successful in helping launch start-ups in a variety of business industries and we are more than just a business law firm to our clients. Our business lawyers have the capability to offer strategic insight on how to quickly integrate into new or existing markets and industries, and our business law firm will help connect new business owners and entrepreneurs to experienced, hard working service providers; such as, accountants, restaurants, bars, software developers, consultants, financial planners, professional services and insurance agents, etc.
If you’re ready to take the next step, and are looking to efficiently and effectively launch your new start-up business, or take your brand to the next level, then contact Fornaro Law today
Corporate Attorneys For Mature Companies
We find that our best clients are ones that consider Fornaro Law as a strategic partner in their business. We see a lot of mature and successful business clients come to us from other law firms because we fit the missing need that the company is lacking. Because we have a very diverse and business minded knowledge base and have attorneys that practice in a variety of industries, clients feel that they are advancing their business model simply by working with our firm.
Mature companies, corporations and partnerships that are engaged in many vertical businesses are not always running efficiently and sometimes run into difficulties. Some of our best clients have come to us because they have a problem or are improperly structured. Once we help solve their problem and restructure them, they remain with us for all of their business needs. They love that we offer structure to them and take the lead and we give them options and advice on the steps for future growth.
Large companies also need guidance on how to improve. Working with clients involved in venture capital, private equity, business verticals and commercial real estate, we understand that they are always running. Fornaro Law is here to provide stability for our clients.
Working with Us -- The Fornaro Law Difference
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.
Fornaro Law has experience working with businesses, families and individuals, and provides a proactive approach to offering legal services. We are focused on business planning, company structuring and avoiding pitfalls.
However, we do not take every client that contacts us. We only take clients that appreciates our value and values our time, have an open mind about change, take our advice into consideration when making decisions, consider Fornaro Law as a partner, wants a long term business relationship, respects our fee structure and want to grow together with us.
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.
Do You Need Your Assets Protected?
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 you need to form a corporation, partnership, limited liability company (LLC) or some other asset protection entity, private placement memorandum, succession planning or maintaining minute books, let Fornaro Law help make your business a success for now and in the future.