Business Law
REAL Law Group advises small to medium-sized businesses operating in a variety of industries. Drawing on our financial and business backgrounds, we assist our clients with challenges faced by business owners. We offer proactive solutions to business and legal issues that arise. We assist our clients in the process of selecting and organizing new business entities. We prepare and file the appropriate organizational documents to create Corporations and limited liability companies (LLC's). We work with the State of Illinois to get our clients licensed.
Our Business Law Services
Choice & Formation of Legal Entities
Operating Agreements
Bylaws
Employee Identification Number (EIN)
Corporate Governance
Purchase/Sale/Leasing/Licensing Transactions
Ownership & Management
Succession Planning
Shareholder Agreements
Employer Agreements
Consulting Agreements
Non-Compete Agreements
Non-Disclosure Agreements
Frequently Asked Questions
It depends on your goals. An LLC offers flexible management and pass-through taxation, making it popular for small businesses. A corporation may be better if you plan to seek outside investors or go public. Our team analyzes your specific situation — business type, number of owners, tax implications — and recommends the best structure.
Filing with the Illinois Secretary of State typically takes 5-10 business days for standard processing. Expedited options are available for an additional fee. REAL Law Group handles the full process including articles of organization, EIN applications, and operating agreements.
While Illinois does not legally require an operating agreement, operating without one is risky. An operating agreement defines ownership percentages, management structure, profit distribution, and what happens if a member leaves. Without one, Illinois default rules apply — which may not align with your intentions.
A non-compete restricts an employee from working for competitors or starting a competing business for a set period after leaving. Illinois enforces reasonable non-competes — they must be limited in time, geography, and scope, and the employee must receive adequate consideration. Our team drafts agreements that protect your business while remaining enforceable.
Need help with your business?
From formation to governance, our team provides practical, cost-effective business law solutions.