Business Planning - Business Legal Advice

Starting a Business

When you start a new business, experienced legal guidance can make the difference in whether your path to success is rocky or smooth. Hynds, Bzdill & King, LLC has many years of experience in helping people start and grow their businesses. We'll put our knowledge to work to help you avoid potential business problems and make good choices for your future.

We'll guide you in selecting the best legal form for your business, so that you get the maximum benefits based on your personal, financial, and tax circumstances. We can draft all of the documents you'll need for a valid business, whether it's a sole proprietorship, S Corporation, C Corporation, Professional Corporation, Limited Liability Company, General Partnership or Limited Partnership. If you're buying a business, we can review financial documents, advise you on negotiations, and make sure you're protected by the purchase agreement. Our years of experience in the local community have given us close working relationships with the other professionals you'll probably want on your team - accountants, insurance brokers, and health care and retirement plan specialists. We can help you choose what's best for your situation.

Ongoing Business Advice

Every business faces challenges. Even with the best planning, there will occasionally be problems with suppliers, customers, employees, competitors, or governmental regulators. Your access to our firm of skilled legal professionals and their communication and mediation skills will give you a leg up in cost-effectively solving these business problems.

Hynds, Bzdill & King, LLC has provided practical counsel and legal advice to businesses in Grundy, Kendall, LaSalle, and Will Counties, and elsewhere in Illinois since 1938.  We have served on numerous business and community related committees and boards in the area, including the Grundy County Chamber of Commerce, Grundy Economic Development Council, Morris Downtown Development Partnership, Morris Progress LLC, We Care of Grundy County, and the Community Foundation of Grundy County. Our lawyers understand the needs of local businesses. If you have a business problem, please call us.  We can help you.

Business Transitions

An ongoing business needs a good plan for its future should one of the owners or key employees become disabled or pass away. Our attorneys can structure a buy/sell agreement or other succession plan so that your business can keep going if you're not there. This can preserve your business assets and protect your family from the financial devastation of an abrupt business shut-down. We recommend that we include a good succession plan in estate plans we create for small business owners and their families.

Business Dissolution, Winding Up, Stock and Asset Sales

There may come a day when you're ready to retire or leave your business. Here, too, we at Hynds, Bzdill & King, LLC
can provide experienced advice that will help you sell your business or its assets, or close it down, in the smooth and orderly way that's right for your personal and tax situation. For help and more information, please just call us.