Publications

Articles on Limited Liability Companies

Is the Family LLC Still a Good Asset Protection Device?

By David Berek
May
2005
Column
Page 256
 Is a debtor's interest in a family LLC still beyond the reach of creditors?

To LLC or not to LLC

By Helen W. Gunnarsson
April
2005
LawPulse
Page 162
When you're starting a law practice, the LLC is a good form of business organization to choose. Then again, so is the PC.

For LLC Minority Owners, “Fair Value” Often Isn’t

By Lin Hanson
March
2005
Column
Page 148
Minority shareholders' lack of control can make their shares worth less if they try to sell out.

Business Buyers’ and Sellers’ Guide to Reducing Taxes on Goodwill and Covenants Not to Compete

By William B. Fox
January
2005
Article
Page 34
Business sellers and buyers often allocate a portion of the sale price to these intangible assets – here's how to reduce taxes in the process.

What Series LLCs Can Do for You

By Lin Hanson
December
2004
Column
Page 648
They can spread risk at lower cost in money and hassle.

What Every Lawyer Needs to Know About the Illinois Limited Liability Company Act

By Charles W. Murdock
August
2004
Article
Page 420
A review of the Act by one of its drafters with a focus on provisions with which all lawyers should be familiar.

LLC info now on the Web

By Helen W. Gunnarsson
June
2004
LawPulse
Page 286
Thanks to the Illinois Secretary of State's office, more information about LLCs is now available online.

Changes in place for business organizations

August
2003
Illinois Law Update
Page 384
The Office of the Secretary State recently adopted small, but significant, changes to the Revised Uniform Limited Partnership Act (14 Ill Adm Code 170) and the Limited Liability Company Act (14 Ill Adm Code 178).

Limited Liability Practice: What Lawyers Should Consider, What Firms Should Do

By Steven G. Frost, Terence T. O’Meara, and Sheldon I. Banoff
August
2003
Article
Page 388
Is limited liability practice right for you? Here's a review of the new legal landscape.

Legislation permits doctors to form limited liability companies P.A. 92-144

January
2002
Illinois Law Update
Page 14
In July, Gov. Ryan signed into law Senate Bill 133, which amends the Limited Liability Company Act.

An Illinois Lawyer’s Guide to Important Tax Aspects of Limited Liability Companies

By James A. Nepple
February
1999
Article
Page 96
A review of state and federal tax consequences of LLC formation, operation, and termination.

The Lawyer’s Journal

By Bonnie McGrath
December
1998
Column
Page 658
RICO and privacy and fraud (and family law), oh my!

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