Business Law

Business Formation – Corporations, LLCs, Partnerships

 

Orlowsky & Wilson, Ltd. takes you through the complicated rules and regulations of the legal and tax filings needed to form a Corporation, Limited Liability Company, Partnership, Not for Profit Corporation or other legal entity. We prepare your basic Minute Book which will include stock certificates, by-laws, operating agreements, minutes, resolutions, stock ledgers, memorandum of recording and authenticity of records. Moreover, our attorneys are well versed in choosing the best tax entity for your business. If you are in the Real Estate business perhaps a Limited Liability Company or Partnership is best for your needs. If you are a consultant, in the manufacturing business or are in a professional service business a “C” Corporation or Subchapter “S” Corporation might be best for your particular situation. Tax entity decisions are critical and can save you thousands of dollars annually.

To schedule your free initial consultation, email or call us today! 847-325-5559

 

Contract Law and Business Transactions

 

 

The attorneys at Orlowsky & Wilson, Ltd are able to review and decipher complicated business contracts and arrangements that are essential to the proper management and running of a successful business. We have much experience handling the negotiations and sale of business and associated intangible and tangible assets and fully understand the tax implications of such transactions. If you are selling a manufacturing business with significant depreciated fixed assets knowledge of the tax consequences are critical to a successful sale. The allocation of a sale price in and among depreciable real estate, land, equipment, furniture and fixtures are problematical and tax issues are unavoidable. Orlowsky & Wilson, Ltd can be there from the beginning of the transaction until its successful conclusion and will draft, review and file all the necessary paperwork so you avoid tax as well as transactional pitfalls.

To schedule your free initial consultation, email or call us today! 847-325-5559

 

Federal and Illinois Tax Planning

As a former IRS Agent, Alan Orlowsky learned first hand how to handle the tricks, traps and loopholes of complicated tax planning. Whether structuring a business plan or complex transaction, Alan can help reduce your tax liability because he is extremely well versed in Tax Law. Moreover, with much experience in Federal, State and Local tax preparation and review, Alan is able to advise you how to get the most out of your legally allowed personal and business deductions. Furthermore, he is able to work hand and glove with your accountants because he can speak their language and understands their needs and goals with respect to your business and personal tax planning. Income and Estate tax planning is of paramount importance to every aspect of your personal and business monetary matters… there is literally no transaction that does not have a tax consequence!

To schedule your free initial consultation, email or call us today! 847-325-5559

 

Federal and Illinois Tax Representation

The firm has diverse experience in income tax matters, and represents clients in tax disputes before the various government taxing authorities, including the IRS and IDOR and other out of state governmental taxing agencies. As a former IRS agent, Alan Orlowsky knows the ins and outs of the Federal Tax System as well as State and local taxing authorities. He understands what the strict requirements of a Federal and Illinois tax audit are and knows how to successfully deal with and handle the government auditors and agents and knows their constraints, needs and requirements.

Whether a corporate or personal income tax audit, Orlowsky & Wilson, Ltd. will negotiate settlements at the audit and appeal levels, and defend your case at the tax court level as well. Orlowsky & Wilson, Ltd. strives to reduce tax assessments and tax penalties and works toward a swift and successful settlement.

To schedule your free initial consultation, email or call us today! 847-325-5559

 

General Corporate Matters

As attorneys representing business clients, Orlowsky & Wilson, Ltd. will keep your corporate records and minutes up to date. Failure to do so can result in involuntary dissolution, personal exposure to business law suits as well as payment of additional taxes to the Internal Revenue Service and the Illinois Department of Revenue. Our firm is also able to draft business legal documents such as:

  • Operating Agreements
  • Employment Agreements
  • Service and Fulfillment Agreements
  • Independent Contractor Agreements
  • Buy-Sell Agreements
  • Succession Planning Agreements
  • Real Estate Sale and Purchase Contracts
  • Business Sale and Purchase Contract
  • as well as many other business agreements and contracts

We are also well versed in employment matters that can lead to unnecessary disruptive litigation and expense that business owners seek to avoid.

To schedule your free initial consultation, email or call us today! 847-325-5559

  • Email
  • Mailing Address
    250 Parkway Dr. Lincolnshire, IL 60069
  • One Northfield Plaza 560 W Frontage Rd STE 300 Northfield, IL 60093
  • 115 S LaSalle St STE 2600, Chicago, IL 60603

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