Our practice group offers some of the best Chicago business law attorneys in the industry. When you or your company needs a corporate transactional attorney or a lawyer versed in employment or contract law, we are ready to offer prudent advice and assistance.

With broad expertise in a wide range of business-related legal topics, we counsel clients who want to create new companies or expand existing ones. Clients rely on us to guide them on issues including tax planning, financing, and the choice and formation of entity structure.

Our lawyers assist businesses in regulatory matters, transactions, complex contracts, and compensation and employment matters. We also counsel our clients in business purchases and sales. If you are seeking a business succession planning attorney, we can help you plot the future in a sound, strategic manner.

Entity Selection and Formation

When you are building a business, choosing the right entity structure is an essential decision that greatly influences your organization’s success. Our attorneys discuss the pros and cons of all options to help you decide whether to structure your business as a sole proprietorship, corporation, limited liability company, partnership, or joint venture. We then follow through with a full set of services to complete its proper formation and provide for its successful maintenance.

Our attorneys draft many kinds of documents for corporations, including the incorporation and the initial organizing papers for all 50 states, 10b5-1 plans, and shareholder buy-sell and stock option agreements. When a client is creating a liability company we offer articles of organization for all states, operating agreements, preferred interest arrangements, and series LLC. If the entity is a partnership, we offer general, limited partnership, and limited liability partnership agreements, certificates of limited partnership, and limited liability partnership statements of qualification.

Acquisition and Sale Transactions

Those in need of a lawyer for buying a business will find first-rate guidance at Hoogendoorn and Talbot. We have successfully assisted clients with the acquisition or sale of many types of companies. Our services include advising on and drafting documents related to the basic structure of the transaction, representations and warranties of the parties, nondisclosure and non-compete arrangements, consulting arrangements following closing, and achieving favorable tax results.

Corporate and Commercial Financing

When businesses turn to various forms of financing to help them expand, we adeptly counsel and advocate for these client borrowers in procuring secured and unsecured credit facility loans. Our attorneys work vigorously to negotiate the most favorable terms for our clients without “losing the deal,” using techniques including personal guarantees and letters of credit. No matter the size of the credit facility, we have the expertise to guide you through the process to a positive closing. Hoogendoorn attorneys also represent lenders and therefore understand their point of view. This understanding allows us to achieve a winning outcome for both our client borrower and the lender. If your company needs a revolving line of credit or an asset-based loan, we can negotiate tactically on your behalf. We also act as borrower’s counsel and special counsel in tax exempt and taxable bond deals.

Complex Commercial Contracts

When you have a commercial contracts law matter, our attorneys have the skills and experience to help you. We negotiate and draft a variety of documents, always striving to limit risk and avoid litigation. Our practice group lawyers create and handle contracts relating to technology licensing, outsourcing, energy, manufacturing, supply, consulting, media, joint venture, and teaming agreements. From arbitration to confidentiality to indemnity to remedies, we navigate the complexities of contract provisions. Never relying on boilerplate content, we customize our provisions to meet the specific circumstances and demands of each transaction.

Employment Contracts

Our firm’s employee law attorneys prepare, review, and negotiate employment contracts on behalf of both employers and employees. If you’re looking for a severance agreement attorney, a Hoogendoorn lawyer can draft documents and guide you through the separation process. Our employment contracts typically involve senior executives and professionals. We produce customized employment contract forms concerning our clients’ lower-level employees. With deep understanding of the range of legal issues and protections involved, we generate non-compete, non-solicitation, and confidentiality provisions.

Clients of our employment contracts and severance agreement services include major corporations, small businesses, not-for-profit corporations, and individuals. We represent CEOs of organizations such as a real estate company, a bank, a healthcare not-for-profit, a manufacturing company, and overseas multinational corporations. One of our partners frequently writes articles on the topics of employment contracts, non-compete agreements, and confidentiality provisions.

Not-for-profit Formation and Counseling

People with a vision for an activity in the charitable, educational, or religious worlds will find no better law firm to turn to than Hoogendoorn and Talbot to help them convert their dreams into reality. We assist with not-for-profit corporation formation and tax exempt status obtainment under the Internal Revenue Code. Our lawyers advise clients on issues such as compensation, conflicts of interest, corporate governance, unrelated business income, and prohibitions and limitations on political campaign and lobbying activities.

We also represent and counsel clients on matters including articles of incorporation for all 50 states, organization by-laws, initial organizing resolutions, applications for recognition of exempt status on form 1023, annual reports on forms 990, 990-EZ, and 990-PF, and charitable organization state registration.

Business Succession Planning

In the life of any long-lasting business, a challenging issue emerges: Who will take over the company? Hoogendoorn and Talbot is a highly regarded succession planning law firm to help businesses prepare for a smooth transition. Our lawyers take many possible scenarios into account. The company founder may wish to pass the business to a younger generation or sell it to an outsider. A principal owner may wish to retire from the business. A business owner may die or become disabled. All of these circumstances call for careful planning and present the parties involved with complex choices. Our attorneys provide creative alternatives for mapping comprehensive succession planning strategies, both at the inception of a business and later in its life.

Our practice group drafts shareholder, buy-sell, operating, stock option, and life insurance agreements. In addition, we handle voting trusts, preferred stock arrangements, voting and nonvoting stock, and tax planning matters.