Contract Drafting and Negotiation
We assist clients in…read moredrafting, reviewing, and negotiating a wide range of business agreements, including but not limited to:
Consulting agreements
Corporate organizational agreements
Employment agreements
Joint venture agreements
Leases and service agreements
Non-compete agreements
Non-disclosure agreements
Operational Matters
We assist nonprofits with all aspects of running a successful organization, including:
The establishment and maintenance of corporate governance procedures
Interaction with regulatory agencies about compliance matters
Issues involving investment and financial matters
As part of our services, we help clients prepare, file, and maintain the governance documents of their organizations. Attorney Dionna Reynolds also provides advice on directors' and officers' fiduciary responsibilities.
General Counsel Services
Just like their for-profit counterparts, non-profit organizations operate like businesses and can enter into partnerships, sign contracts, employ people, lease or buy real estate, own or license intellectual property, settle disputes, etc. Our corporate governance training and strategic planning services support not only the organization and its day-to-day activities but also its board of directors and organizational goals.
Articles of Incorporation
Attorney Dionna Reynolds provides experienced assistance at all stages of the incorporation process, from developing your organizational structure to filing your Bylaws and Articles of Incorporation.
S-Corporation
S-Corporations, like LLCs, do not owe corporate taxes and protect their members from personal liability. They offer their members some noteworthy tax benefits, including the ability to claim losses on personal income taxes and pay lower self-employment taxes. However, there can be no more than 100 owners, and these owners cannot be non-resident aliens, other corporations, or unqualified trusts.
C-Corporation
C-Corporations are the traditional form of the corporation and are treated as separate legal entities for tax purposes. A C-Corporation can have as many owners as desired, but in the for-profit world, one advantage is that owners can hold different types of stock and receive dividends when the company profits.
LLC
Limited Liability Company (LLC) is neither a corporation nor a partnership but combines some of the traits of both. Owners of this type of business are not personally liable when the company faces financial difficulties, meaning that if it goes bankrupt, only the business' assets can be seized - not those of the owners. There is no limit to the number of members an LLC can have, and these members can be real people or certain types of businesses.
The Incorporation Process in Illinois
After you choose the business structure that's right for you, you will also need to take steps that include drafting legal documents and filing them with the state. Attorney Dionna Reynolds can assist you with the following services:
Registering your nonprofit with the State of Illinois
Completing and filing your nonprofit status requests with the state and federal governments
Drafting your articles of incorporation
Helping you prepare your organizational bylaws