Establishing a Sole Proprietorship in Illinois – What Every Business Owner Should Know

Web Admin - Friday, December 15, 2017
Illinois employment law attorneysStarting a business can be a massive undertaking, and it all begins with deciding how you will structure it. For those considering a sole proprietorship, an in-depth understanding of the risks and process is crucial. Learn more, including how an attorney can provide the added protection and experienced assistance that is needed, from the following information.

Is Sole Proprietorship Right for Your Business? 

Before making a final determination on whether a sole proprietorship may be appropriate for your start-up company, consider all the elements of this business structure carefully. For example, one must understand that sole proprietorships are for businesses with only one owner. Partnerships and corporations must register their businesses in other ways. Second, know that there are more liability risks for sole proprietorships. If your business is in a high-risk industry, a sole proprietorship may not be the most appropriate business structure. Alternatively, if your business is at a low risk of experiencing a lawsuit, a sole proprietorship could offer you numerous benefits. 

First, sole proprietorships do not have to legally register as a business with the federal government, and that can save you a substantial amount in the startup of your business. Depending on your situation, the pass-through taxation of sole proprietorships may also serve as a benefit for your budding business. However, this is not always the case. Advice from an experienced attorney and a CPA is highly recommended for those considering this structure for their business. 

A Closer Look at the Risks of Sole Proprietorship

Starting a business is almost always risky, but those starting a sole proprietorship hold all the liability if their company goes under. That means you – the owner – would be liable for any debts that the company incurred. You would also be liable if an employee was injured on the job, or if they filed a legal complaint against your company. Thankfully, it is possible to take preventative action against many of these risks, as well as many others. 

Contact Our Crystal Lake Business Law Attorneys 

Whether you need assistance with deciding which business structure may be most appropriate for your company or want an in-depth analysis of the possible risks your business could face in the future, Drost, Gilbert, Andrew & Apicella, LLC can help. Committed to your best interests, our experienced Crystal Lake business law attorneys take a preventative approach to protecting your company’s financial future. Schedule a personalized consultation to get started. Call our offices at 847-934-6000 today.

Ken ApicellaAbout the Author: Attorney Ken Apicella is a founding partner of DGAA focusing in the areas of personal injury, employment, insurance coverage disputes, and civil litigation. Ken earned his J.D. from DePaul University College of Law in 1999. He has been named a SuperLawyers Rising Star and a Forty Illinois Attorneys Under Forty to Watch. Ken has written and lectured for the Illinois Institute for Continuing Legal Education and regularly serves as a moderator at Northwest Suburban Bar Association's Continuing Legal Education seminars.



Business Law Basics – What Every Small Business Owner Should Know

Web Admin - Wednesday, April 12, 2017
Schaumburg employment law attorneysWhen small businesses first start, they are often comprised of just one person – the owner – or a small group of similarly invested people. Eventually, though, they grow, and they need to look at adding more people. Once that happens, things start to change. More responsibilities are heaped onto the plates of the owner or partners, and they become liable for issues like workers’ compensation insurance and unemployment tax. Learn more about these small business laws, how they might apply to your company, and where you can find assistance in implementing them.

Fidelity Bonding in Illinois

The Illinois Human Rights’ Act limits what employers can ask about a potential employee’s criminal history, and how they can use the information they do obtain. The purpose of the Act is to provide better job opportunities to individuals with criminal records, but it can also place employers and their businesses at risk. To help mitigate this risk, the Illinois Department of Employment Security offers fidelity bonding – insurance that can protect the company from losses related to larceny, forgery, embezzlement, theft, and other acts of dishonesty. If you are planning to hire employees, you may want to consider this insurance.

The Unemployment Insurance Tax

The state of Illinois mandates that all employers who have at least one employee on at least one day within 20 weeks of a calendar year carry unemployment insurance. Failure to carry this insurance can result in serious consequences. For more information on this requirement and what it means, employers should contact an experienced Illinois business law attorney.

The School Visitation Rights Act

When a company hires someone for a job, they are hiring the entire person – their skills, experience, but also their issues and commitments. There are times this can be a good thing, but it can also seem like a major inconvenience. One prime example is when parents need to leave work or miss a day for parent-teacher conferences, behavioral meetings, or other educational conferences. The law allows a specific amount of time for this, and employers must comply. For more information, contact an experienced business law attorney.

Contact Our Schaumburg Employment Law Attorneys

If your small business needs help to expand, contact Drost, Gilbert, Andrew & Apicella, LLC. Backed by decades of knowledge and experience, we can guide you through the complexities of employment law so that you can maintain compliance. Learn more about how we can assist your company. Call 847-934-6000 and schedule an initial consultation with our Schaumburg employment law attorneys today.

Ken ApicellaAbout the Author: Attorney Ken Apicella is a founding partner of DGAA focusing in the areas of personal injury, employment, insurance coverage disputes, and civil litigation. Ken earned his J.D. from DePaul University College of Law in 1999. He has been named a SuperLawyers Rising Star and a Forty Illinois Attorneys Under Forty to Watch. Ken has written and lectured for the Illinois Institute for Continuing Legal Education and regularly serves as a moderator at Northwest Suburban Bar Association's Continuing Legal Education seminars.



Recent Posts


subcontractor Home Remodeling Repair Act estate planning underfunded trust Inverness civil lawyer murder Illinois pedestrian accident attorney criminal record blood alcohol content Barrington employment attorney Illinois traffic accident lawyer estate planning, death tax, succession plans, business estate plans, Barrington estate planning lawyers Palatine employment attorney Illinois workplace lawyer Illinois DUI attorney Chicago will attorney, social media platforms, Illinois estate planning lawyer, Palatine traffic lawyer owner responsibility Rolling Meadows Barrington workers compensation attorney changes to mortgage law car accident lawyer eluding a police officer traffic laws Arlington Heights employment law attorneys Illinois business lawyer power of attorney new real estate form Mount Prospect real estate lawyer Rolling Meadows employment law attorneys sexual images Illinois Sales Representative Act Palatine corporate law attorneys Long Grove estate planning attorneys Illinois motorcycle accident lawyer Illinois bicycle safety food poisoning Kenilworth estate planning attorneys Inverness injury lawyer Barrington employment law firm car collision Illinois Transfer on Death Instrument estate planning attorney GM ignition switches Barrington business law firm crossover accidents Palatine Attorney Self-Directed IRA Accounts workers comp Crystal Lake civil litigation lawyer manufacturing Palatine employment law lawyer Illinois will lawyer wage theft Whistleblower Claims personal injury accidents probate loss of consortium vacation home fines Palatine drug lawyer Des Plaines Traffic Lawyer Barrington criminal defense lawyer products liability unpaid overtime Illinois car accident attorney texting while driving Chicago employment attorney caretaker rights Rolling Meadows drug defense attorney in terrorem provision medication errors modern family estate planning meal breaks Schaumburg wrongful death attorney preventable medical errors ACA Chicago traffic lawyer trustee head on collisions Schaumburg elder law lawyer Des Plaines personal injury attorney dynasty trusts pizza emoji driving Barrington real estate lawyer insurance agent negligence DGAA Deer Park workers compensation lawyer Illinois small business Illinois wills and trusts healthcare claims real estate contract underinsured motorist Rolling Meadows tax attorney Illinois boating accident lawyer distracted driving accident victims Illinois tax attorney license criminal law Crystal Lake pet attorney drunk driving Arlington Heights traffic attorney traumatic brain injury Arlington Heights wills and trusts attorneys foreclosure controlled substance personal injury claims Detainer Actions Des Plaines civil attorney Palatine personal injury lawyer Palatine corporate attorney estate attorney Chicago estate planning lawyer Chicago insurance claim attorneys rollover car crashes Colin H. Gilbert Rolling Meadows litigation lawyer Palatine traffic accidents estate planning, digital assets, Revised Uniform Fiduciary Access to Digital Assets Act, Illinois digital assets, Illinois estate planning, Schaumburg personal injury lawyers compensatory time Exclusions Illinois employment law attorney real estate leasing Crystal Lake employment attorney Rolling Meadows real estate attorney DUI defense boating accidents Arlington Heights car accident lawyer pregnant women Chicago employment lawyer Long Grove real estate attorney taxes Arlington Heights tax lawyer landlord personal injury, auto accident injuries, delayed injuries, serious injuries, Des Plaines personal injury attorneys Illinois employment laws Arlington Heights car crash attorneys Deer Park real estate law firm insurance denial appeals Illinois rollover accident lawyers Rolling Meadows estate planning attorney Schaumburg traffic lawyer digital assets, digital fiduciary, estate planning, digital content, Long Grove estate planning lawyers Crystal lake insurance dispute attorney Barrington litigation attorney pedestrian accidents Illinois estate planning attorney slip and fall Chicago estate planning condo IRA benefits federal regulations for LLCs Home Sale Contingencies denied insurance claims Illinois medical malpractice case employment attorney license reinstatement boating under the influence Illinois Human Rights Act Illinois employment lawyer civil litigation Crystal Lake estate planning lawyer Illinois personal injury attorney involuntary manslaughter condo association Attorney Ken Apicella commercial real estate privacy Arlington Heights pedestrian accidents unpaid assessment Illinois construction accident attorney Illinois employment attorneys life insurance claims Crystal Lake pedestrian accident lawyer insurance claims Illinois job attorney Illinois corporate lawyer Barrington criminal lawyer senior citizens Des Plaines collections attorney Inverness probate lawyer personal injury attorney Buffalo Grove employment lawyer Employment Discrimination Law insurance claim denials Illinois civil litigation lawyer Illinois living will automated cars golf accidents Illinois traffic attorneys Barrington attorney Illinois probate lawyer drug crime traumatic brain injuries vacation home IRA trust transfer traffic accidents power of attorney for healthcare first degree murder license suspension spinal cord injuries real estate closing Illinois trucking safety real estate lawyer Buffalo Grove traffic attorney Illinois traffic attorney personal injury law firm comp time Illinois law Mt Prospect Attorney Illinois LLC creation Des Plaines drug crimes lawyer motorcycle accident Chicago will attorney residential real estate South Barrington real estate attorney construction contracts Schaumburg Attorney Deer Park motorcycle accident lawyer Des Plaines real estate lawyer IRELA Deer Park criminal attorney Schaumburg personal injury attorney Schaumburg estate planning attorney Arlington Heights employment attorney denial of life insurance startup company Arlington Heights medical malpractice lawyer Illinois workplace discrimination attorney Illinois insurance claim attorney paid sick leave Illinois mortgages Long Grove estate planning attorney Rolling Meadows insurance lawyer Schaumburg employment attorney Long Grove estate planning Arlington Heights insurance attorney insurance negligence Des Plaines drug lawyer Inverness estate planning lawyer Des Plaines medical malpractice attorney Forcible Entry Rolling Meadows personal injury lawyer Schaumburg car accident attorney Barrington employment law attorney Inverness real estate attorney estate plan Deer Park accident attorney caregiver FMLA estate planning trusts Schaumburg medical malpractice lawyer Buffalo Grove probate lawyer income distribution deducation Palatine construction attorney mass shooting advance healthcare directive llinois Real Estate Lawyers Association estate planning for college students CAM civil rights violation gift tax exemption, estate planning, estate planning strategies, Illinois estate planning, South Barrington estate planning attorneys probate lawyer elder law liability claims insurance attorney Liquor Control Act Buffalo Grove injury lawyer guardianship attorney foreclosed rental property Palatine probate lawyer Legal Info Illinois employment law firm marijuana crimes attorney spinal cord injury medical malpractice, missed diagnosis, delayed diagnosis, medical mistake, Deer Creek medical malpractice lawyers Illinois workers compensation attorney sexual harassment pay when paid contract insurance disputes employment contract Illinois insurance dispute lawyers Illinois injury lawyer living trust vs will pet bites Illinois employee rights attorney. Arlington Heights real estate lawyer distracted driving accidents Barrington personal injury lawyer Illinois insurance lawyer Illinois driving without license Arlington Heights lawyer product liability Super Mario probate fees Illinois insurance claim dispute lawyer privacy laws Des Plaines criminal attorney real estate Barrington personal injury attorney Arlington Heights wills and trusts lawyer wrongful death Illinois criminal defense attorney Rolling Meadows corporate lawyer probate process insurance dispute attorney Crystal Lake business law attorneys no contest clauses car crash injuries Rolling Meadows traffic law firm PTSD bike accident cell phone accidents Des Plaines insurance attorney Chicago trucking accident attorney IRS Illinois insurance claim dispute lawyers rest breaks investment property Barrington boating accident attorney comparative negligence Rolling Meadows business lawyer employment lawyer South Barrington real estate lawyer Arlington Heights injury attorney landlord tenant law BUI BAIID Rolling Meadows boating crash lawyer license revocation criminal defense Palatine injury attorney Deer Park personal injury lawyer estate tax Illinois employment law Schaumburg employment law attorneys Deer Park employment law attorney Arlington Heights personal injury lawyer Crystal Lake traffic attorney appealing an insurance claim Illinois traffic laws Des Plaines claims law firm underage DUI personal injury claim accidental death benefits blended families Palatine workers compensation lawyer Landlord Tenant Ordinance insurance claim dispute operating agreements social media after death denied insurance claim insurance claim employment law Arlington Heights estate planning attorney Inverness DUI lawyer Schaumburg injury lawyer commercial leasing employee rights life insurance Rolling Meadows traffic attorney low-ball insurance settlement LLCs living trust dealing with problem employees Illinois Smoke Detector Act employee discrimination irrevocable trust Illinois insurance claims lawyers child safety Schaumburg construction accident lawyer Palatine law firm Des Plaines special needs trust Buffalo Grove personal injury attorney Illinois real estate lawyer unauthorized overtime jet ski accidents Arlington Heights wills and trusts attorney employees Des Plaines real estate attorney Palatine business attorney Illinois medical malpractice claim trust payments Des Plaines personal injury lawyer Rolling Meadows personal injury attorney surgical mistakes Illinois business law atorneys Illinois defective products attorney Buffalo Grove criminal defense lawyer Crystal Lake employment lawyer hit and run accident Barrington drug crime attorney digital evidence Chicago attorney Palatine insurance lawyer insurance adjusters Rolling Meadows insurance dispute lawyers, insurance dispute Long Grove wills and trusts attorneys natural gas auto accidents Barrington Traffic Lawyer Crystal Lake medical malpractice lawyer car crash workplace sexual harassment capital gains tax insurance claim denial home inspection lawyer job lawyers Deer Park DUI lawyer Des Plaines motorcycle accident attorney pedestrian-automobile accident Crystal Lake car accident lawyer Rolling Meadows Attorney Illinois jet ski accident lawyer Arlington Heights Attorney Crystal Lake criminal defense attorney Palatine employment lawyer Class A misdemeanor installment contracts preventing accidents insurance denials Mount Prospect wills and trusts lawyers trucking accidents Inverness accident lawyer clemency Do Not Resuscitate deadly crashes Crystal Lake car accident attorney Crystal Lake will lawyer Deer Park medical malpractice attorney trucking accident lawyers Fourth of July swimming pools traffic violations defense expungement Fair Labor Standards Act Jay Andrew texting and driving whistleblower protections Deer Park traffic accident attorney car accident coronavirus probate claims digital information holiday statistics POA DMV Colin Gilbert Crystal Lake medical malpractice attorneys hands free device drugs college kids DUI Des Plaines personal injury lawyers traffic deaths digital media accounts, estate planning, Arlington Heights estate planning attorney, Arlington Heights wills and trusts lawyers liability Rolling Meadows employment attorney ObamaCare dram shop law Affordable Care Act traffic offenses overtime pay Crystal Lake accident attorney Barrington estate planning lawyer Illinois home inspection Illinois lawyer life insurance lawyer drug possession personal injury Buffalo Grove corporate attorney mortgage Inverness real estate lawyer Buffalo Grove insurance claim dispute lawyers field sobriety test suspended license real estate attorneys Crystal Lake personal injury lawyer Schaumburg Schaumburg criminal law attorney School Visitation Rights Act internet Palatine real estate lawyer Crystal Lake medical malpractice law firm financial advisors Illinois collections attorney pedestrian injuries, pedestrian fatality Illinois real estate Crystal Lake tax lawyer Palatine civil attorney medical malpractice compensation minimum wage Inverness elder law lawyer breach of contract Arlington Heights personal injury attorney marijuana car crashes Schaumburg estate attorney brain injury fiduciary rule delay filing a medical malpractice claim Schaumburg personal injury lawyer medical research Schaumburg corporate attorney Rolling Meadows personal injury lawyers Arlington Heights TBI attorney Illinois registered agent construction accidents, personal injury, wrongful death, Arlington Heights personal injury attorneys, workers' compensation Transfer on Death Instrument medical malpractice murder charges federal crimes healthcare Chicago car accident lawyer back injuries Chicago biking tips premises liability Illinois estate planning Chicago insurance law firm uninsured motorist personal injury lawyer traffic violations reckless homicide Palatine elder law attorney agent Illinois speeding lawyer Schaumburg probate attorney car accidents Illinois Probate Act of 1975 Palatine civil litigation lawyer Illinois medical malpractice attorney consent to a search nursing home negligence Barrington injury attorney forming a corporation in Illinois Food and Drug Administration's Food Safety Modernization Act FSLA Illinois insurance disputes real estate attorney workers compensation Thanksgiving cell phone tower data Rolling Meadows accident lawyer Arlington Heights criminal lawyer breathalyzer test commercial leases life insurance policy DUI penalities workers compensation benefits Palatine criminal defense lawyer independent contractor ken apicella hiring employees Illinois Federal Food Drug and Cosmetic Act Crystal Lake injury attorney boating DUI Buffalo Grove personal injury lawyer overtime violations motorcycle accident lawyer probate claims process pain and suffering Des Plaines DUI attorney revenge porn living trust benefits deed transfer insurance dispute Rolling Meadows DUI lawyer attorney fees Schaumburg criminal attorney Schaumburg drug defense lawyer Buffalo Grove medical malpractice lawyers sole proprietorship Illinois wrongful termination lawyer Rolling Meadows medical malpractice lawyers Des Plaines pet law attorney Joliet general practice lawyers defective products pet law employee misclassification Kenilworth estate planning lawyer Illinois pet lawyer DUI attorney Illinois personal injury employment law, Illinois employment laws Des Plaines accident attorney TBI small business Inverness insurance attorney Barrington medical malpractice lawyers Inverness traffic law firm Chicago corporate attorney wills Palatine estate planning lawyer homestead rights bicycle dooring accidents Des Plaines tax law firm Kenilworth estate planning attorney wrongful termination Illinois personal injury lawyers Illinois elder law attorney estate planning lawyer traffic crimes Schaumburg real estate lawyer Riverwoods estate planning lawyer insurance claim delay pedestrian accident Arlington Heights trucking lawyer Schaumburg insurance lawyers Illinois employment law attorneys problem employees drug crimes lawyer Rolling Meadows employment law attorney Illinois medical malpractice lawyers Barrington estate planning attorney Barrington Illinois estate planning lawyer anesthesia errors trauma after an accident Illinois workers compensation lawyer Illinois attorney trusts Illinois Trust Code drunk driving statistics defective products lawyer severance agreements bad faith insurance claims Rolling Meadows insurance dispute lawyers Rolling Meadows car accident lawyers liens DNR Retaliatory Discharge Inverness corporate attorney fatal car accidents Crystal Lake law firm digital assets insurance dispute, insurance dispute lawyers, insurance claim denial, insurance claim delays, Rolling Meadows insurance dispute attorneys Illinois estate planning law firm criminal institutional trustee wrongful termination, employment law, whistleblower protections, Illinois employment laws, discrimination in the workplace Deer Park traffic lawyer slip and fall accidents creditors murder defense work unions rent to own real estate contracts insurance claim dispute attorney elder abuse Buffalo Grove traffic lawyers Illinois red light cameras employment law, meal breaks, rest breaks, hotel employees, Des Plaines employment law attorneys Illinois traffic ticket lawyer Rolling Meadows insurance attorney Illinois Workers’ Compensation Commission Rolling Meadows marijuana attorney traffic tickets living wills Illinois personal injury lawyer jet ski health insurance dispute medical malpractice claims Rolling Meadows criminal lawyer civil litigation attorney icy parking lots loopholes cell phone right to work Crystal Lake insurance lawyer Illinois insurance attorney Buffalo Grove law firm real estate zoning Rolling Meadows probate lawyer construction accidents wills and trusts Mount Prospect elder law attorney Crystal Lake employment law attorney Long Grove real estate lawyer gift taxes Crystal Lake personal injury attorney contracts BAC insurance disputes, Illinois insurance disputes, Illinois insurance dispute attorneys, denied insurance claims, Arlington Heights insurance dispute attorneys car accident lawyers speeding fiduciary rule insurance agents Schaumburg civil litigation attorney employment contract, employment law, employment at-will, Deer Park employment law attorneys, contract, rumble strips Policy Cancellation Buffalo Grove real estate attorney natural gas explosion Illinois Wage Payment and Collection Act Des Plaines injury law firm dog bites medical marijuana Palatine punch death Illinois trusts attorney trench injuries Rolling Meadows Traffic Lawyer Chicago lawyer unfunded trust disability benefits truck collisions Palatine trusts lawyer Buffalo Grove car accident lawyer Inverness personal injury attorney Crystal Lake bike accident lawyer Schaumburg estate planning lawyer Family Medical Leave Act Crystal Lake traffic lawyer Arlington Heights accident attorney rollover accidents Barrington civil litigation attorney bicycle accidents fault based insurance Illinois wills and trusts attorneys drug crimes Rolling Meadows criminal attorney business litigation tax attorney Arlington Heights Traffic Lawyer corporate law