BUSINESS LAW

Business law is the branch of civil law that involves business and commercial transactions and it includes within its scope such areas as contracts, formation of corporations and other business entities, commercial and residential real estate and both the transactional and litigation matters that may arise in connection with any of those areas.

Contract Law

A contract is a legally enforceable agreement between two or more parties with mutual obligations and the drafting of such a document is of paramount importance. When disputes arise over contracts, the remedy at law for breach of contract is "damages" or monetary compensation. In equity, the remedy can be specific performance of the contract or an injunction.

Corporations and Business Associations

A corporation is a formal business association with a publicly registered charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members. There are many different forms of business entities, such as limited liability companies, limited liability partnerships and limited partnerships, which are used to conduct business.

Corporate litigation

Sometimes, the best laid plans go awry and members of a business association come to conflict over any one or more of the various aspects relating to the company.  When that happens, members generally have rights against each other and against the company. In relation to the exercise of their rights, minority shareholders usually must accept that, because of the limits of their voting rights, they cannot direct the overall control of the company and must accept the will of the majority. But when majority rule results in inequity, minority members are not without remedies.

Members always retain the right to sue if the majority does not conduct the company’s business affairs in conformity with either corporate governing documents or statute.  Additionally, it is possible for minority shareholders to take a representative or derivative action in the name of the company, where the company is controlled by the alleged wrongdoers or the wrongdoers refuse to act on behalf of the company vis a vis third party wrondoers

The Cosentino Law Firm, LLC can assist your business with all its legal needs. We provide experienced guidance in selecting the right form of business, whether a CCorporation, S Corporation, Limited Liability Company or partnership. Our attorneys can prepare contracts and agreements, assist you in the event of a legal action against your firm, and assess your firm's liability and risk issues.

We provide knowledgeable, professional and affordable legal advice to businesses of all sizes and our attorneys serve as local counsel for national companies seeking to start a business or requiring litigation services in Illinois. We serve as general counsel for small to mid-sized firms.

Contact us to learn more about how we can help your business venture start, grow, and thrive, even in this challenging business environment.

Our Legal Services to Businesses

We provide a wide range of business law services, from basic business formation, contracts and transactions, to more specialized matters such as securities law and liquor licensing law.

• Starting a business and corporate governance matters such as operating agreements and shareholder agreements
• Business contracts, financing and transactions 
• Business litigation
• Commercial real estate purchase, sales and leases
• Small business formation for family-owned businesses and business succession planning 

At The Cosentino Law Firm, our attorneys work with you to provide personalized service tailored to your business.