Sole proprietorship, partnership, limited partnership, limited liability partnership, corporation (C-corporation, S-corporation election, professional corporation, close corporation), limited liability company, series limited liability company - these are some of the many business formation options in Illinois.

Satisfactory answers to these questions cannot be obtained from literature or web sites designed to eliminate the participation of your lawyer in important legal decision making that will surely affect your business health and financial future.

In choosing an option, you should carefully evaluate your goals. Among these goals you should include, but are not limited to: asset liability protection, ease of formation, cost of formation and upkeep, need for annual upkeep, business continuity, need for business structure, and taxation issues.