All Your Frequently Asked Questions, Answered
Whether you’re just getting started or already running your company, the frequently asked questions below will help you learn more about what business lawyers do and how Linnemeyer Law can help you with your needs.
Have a question not listed here? Contact us.
Frequently Asked Questions
What does a business lawyer do?
Business lawyers act as general counsel for small businesses. Throughout the life of the small business, a lawyer can help with many services, including:
- Formation services, if you need help getting started
- Document reviews (such as contracts, operating agreements and more)
- Real estate purchases
- Commercial leasing
- Mergers and acquisitions
- And more
What are the benefits of hiring a business lawyer?
Lawyers make sure you and your business stay protected. Engaging a business lawyer helps ensure that legal issues are addressed proactively rather than reactively. Benefits include guidance on compliance, risk management, and transaction structuring, as well as ensuring that contracts and business documents are properly drafted and enforceable.
When is the right time to hire a business lawyer?
The best time to hire a business lawyer is right before you form your business. That being said, you can hire a business lawyer at any time.
How do business lawyers help protect my company from lawsuits?
Business lawyers help you proactively. They review and draft contracts and other documents with the proper protections. They also provide guidance on compliance issues. If a lawsuit arises, they represent your business and protect your interests.
What legal documents does a business need?
Every business is different, but in general, businesses need the following legal documents:
- A formation document
- Articles of Organization or Articles of Incorporation (filed with the Illinois Secretary of State)
- Tax ID Number/Employer Identification Number (EIN) (obtained from the Internal Revenue Service)
- Governing documents (such as an operating agreement, by-laws or a shareholder agreement)
How much do legal services cost?
Every matter is different and fees vary based on the scope, complexity, and objectives of the engagement. Many matters, particularly entity formations and certain transactional work, can be handled on a flat‑fee basis to provide clarity and predictability.
If a flat fee is not appropriate, Linnemeyer Law will generally provide a fee estimate at the outset of the engagement so clients understand the expected cost range.
We are mindful of the value being provided and strive to manage costs efficiently and avoid unexpected fees.
Where is your office located?
We are located at 1001 Warrenville Road, Suite 500 in Lisle, Illinois. Parking is readily available.
How do I make an appointment with you?
Before getting started, we offer an initial 15-minute consultation. You can start by filling out one of our Initial Consultation forms.