Chicago Governance Documents Attorneys
The clear and well-crafted governance documents are the foundation of any business; this is what Business Law Group believes. From bylaws and operating agreements to shareholder and partnership agreements, these documents spell out the structure of your organization and protect your interests while ensuring that your actions square with both state and federal laws.
As “The Chicago Business Lawyers®,” we continue to be proud of our representation of businesses of all sizes in the greater Chicago area for the preparation, review, and maintenance of governance documents promoting operational efficiency and risk mitigation. Whether you’re forming a new business or looking to update existing governance documents to reflect changes in your organization, our experienced attorneys can lead you through the process every step of the way.
About Us
The Business Law Group was founded by Ryan Van Osdol, a highly regarded attorney who has been named a Rising Star by Super Lawyers for eight years straight. Our business practice is about tailoring cost-effective legal solutions for businesses while furthering their goals and protecting their interests. We work with our clients to ensure their governance documents are legally compliant and meet their long-term business goals. Whether your business is small or large, just starting off, we are committed to providing top-rated legal services necessary to run a successful business.
How We Can Help – Our Approach
The Business Law Group, takes an aggressive and strategic approach to preparing governance documents for the planning stage of your business. We know that every business differs, and our job is to fashion governance documents that will suit particular needs and render clarity to decision-making. We draft customized bylaws, operating agreements, and shareholder agreements that help assure the smooth functioning of your business and minimize potential conflicts.
Our General Counsel Package provides ongoing legal support for a flat monthly fee. This provides peace of mind to the business, knowing its legal needs are being handled by experienced counsel. We protect your business from future disputes by establishing clearly understandable and enforceable governance documents that will form the proper legal foundation on which your operations are based.
Governance Documents Legal Services
Governance documents identify, define, and set up the framework, management system, and how decisions are made within your business. These documents prove crucial in ensuring adherence to the law while serving to protect your interests and create clarity for shareholders, partners, and executives. At Business Law Group, our legal services provide for the creation, review, and updating of the governance documents that form the framework of your organization. We strive to establish the necessary legal safeguards for you while promoting ease of operation and limiting the potential for dispute.
Bylaws
Corporate bylaws are the internal rulebook of a corporation; they define how a corporation will be governed and managed. Bylaws outline procedures for the election of directors, duties of various officers, requirements concerning meetings, and voting procedures. At Business Law Group, we represent businesses when drafting and updating bylaws that match the operations of the business but also guarantee Illinois compliance. Whether you are a newly formed corporation or an established business looking for updated governance, we assist in creating bylaws that support and promote transparency in decision-making.
Operating Agreements
In LLCs, operating agreements are considered one of the most important governance documents in that they clearly articulate the roles and responsibilities of each party and different operational procedures. An effective operating agreement spells out the rights and obligations of the different parties at the very beginning, avoiding misunderstandings and possible disputes. We at Business Law Group, assist our clients in making an operating agreement that supports their unique business ambition but also protects them legally in case of any conflict. We make sure your operating agreement meets Illinois’ statutory requirements while also giving your LLC the latitude it needs to work for you effectively and efficiently.
Shareholder Agreements
Shareholder agreements outline the relationship between shareholders in a corporation, addressing crucial issues such as voting rights and the transfers of shares. A good shareholder agreement aims to forestall future disputes by spelling out the diverse rights and obligations of each shareholder. Business Law Group will establish shareholder agreements that safeguard the business’s long-term prosperity by balancing different parties’ interests. Our lawyers will make sure your shareholder agreement complies with state law in Illinois and lays down a legal framework within which any potential disputes would be resolved and your business protected.
Partnership Agreements
A clearly defined partnership agreement is very important in a partnership so that all partners are on the same page in regard to roles, contributions, and responsibilities within an organization. Such an agreement makes identification of problems like profit-sharing, decision-making authority, and how to deal with disputes very easy. At Business Law Group, our professional attorneys assist partnerships in drafting and reviewing agreements so as to clarify and legally protect the interests of all parties involved. This sets expectations and procedures clearly to help avoid potential conflicts and to provide for a smoothly running successful partnership.
Corporate Resolutions
Corporate resolutions are formal documents prepared to memorialize significant actions taken by the board of directors or shareholders of a corporation. Corporate resolutions are legal proof of actions taken by the governing body; they are important for proper corporate governance. At Business Law Group, we are experienced in helping businesses draft corporate resolutions that not only meet but also will protect them when a dispute arises. From approval of major transactions to the election of officers or any other major business decision, our team makes sure your corporate resolutions are adequately documented and legally binding.
Board And Committee Charters
Board and committee charters are one of the most important documents in governance, setting out the roles, responsibilities, and procedures of a company’s board of directors and its committees. The charter clearly outlines the different authorities so that decisions can be made transparently and in an accountable way. Our lawyers at Business Law Group, assist corporations in drafting and revising board and committee charters to effect proper governance that protects the interests of shareholders and stakeholders. This delineates the role of each constituent group involved in your corporate governance structure to ensure smooth operations and compliance with current law.
Amendments And Updates
Governance documents cannot remain static. They have to be changed over time as the law, business structure, or strategy changes. Amendments and updates should, therefore, be made often to ensure that the documents always provide the optimum benefit for your business. At Business Law Group, our business attorneys work to help you review and update your governance documents so they are current, legally compliant, and in context. Whether you are adding new provisions or revising existing ones, we provide legal guidance that will help in keeping your governance documents current and aligned with your business objectives.
Internal Policies And Procedures
Internal policies and procedures form the backbone of your business’s day-to-day activities. They will help in guiding employee behavior while ensuring that your organization complies with all applicable regulations, thus promoting ethical conduct within your business. At Business Law Group, we draft and implement our client’s internal policies and procedures for businesses to guard against legal liability and to foster a positive work culture. We clearly define the rules that work toward efficiency, compliance, and accountability in your organization at all levels.
Dispute Resolution Provisions
Such provisions in governance documents are key to avoiding expensive litigation and resolving conflicts efficiently and cost-effectively. Such provisions may include arbitration, mediation, or other alternative dispute resolution processes that delineate a clear pathway for the resolution of a dispute. Our team at Business Law Group, helps businesses draft effective and enforceable dispute resolution provisions that not only help protect their interests but also offer a solution toward practical dispute resolution. This will help you avoid financial and operational disruptions because we can help eliminate potential disputes before they occur.
Contact Our Chicago Governance Documents Attorneys For Exceptional Service
The Business Law Group is dedicated to helping businesses establish and maintain their governance documents to provide clarity, legal protection, and business efficiency. Our experienced attorneys will help you with bylaws, operating agreements, and shareholders’ agreements. Contact our Chicago corporate law attorneys at Business Law Group by calling 224-353-6498 to receive your free consultation. Let us help you protect the future of your business with comprehensive governance documents that promote success and reduce risk.
