Illinois Bar Journal


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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!