Determining the right structure for your business is an important decision requiring experienced legal guidance. The following are some of the most essential reasons to hire a lawyer before forming a business:

• Understanding what liability exists prior to determining the type of business to start
• Ensuring that the business is being setup strategically
• When dealing with intellectual property like trademarks, patents, copyrights, etc.
• Knowing where and when to utilize legal documents
• Completing the legal documents appropriately and accurately
• Looking over lease documents
• Determining the right legal structures
• Dealing with staffing issues like hiring and firing employees
• Securing investment capital
• Assistance in conforming to state laws
• The executing of contracts

No matter what type of business you plan on forming, consulting with an experienced attorney is essential to start off on the right foot. Far too many business owners attempt to go at it alone and then end up paying for it in the long run. Seeking legal guidance at the onset will give your business a better chance of long-term survival.

At Tenax Law, we understand the ins and outs of forming a business. Through careful consideration of your goals, our proactive business formation services can help you choose which path is the right one for you whether it be a sole proprietorship or general partnership, limited partnership, limited liability company, limited liability partnership, “C” Corporation, or “S” Corporation. Contact our Naperville office today to get started on your new business!

The post Top Reasons to Hire a Lawyer Before Forming a Business first appeared on Tenax Law.

The reality is that no one can predict when tragedy will strike and those who prepare are ensuring that their loved ones will have an easier time dealing with the financial aftermath. Regardless of age, the following are some of the most important reasons to start estate planning now:

1. Avoid probate – this is by far the most common reason to contact an estate planning attorney as soon as possible
2. Protection for your beneficiaries
3. Avoid confusion in the event of a tragedy
4. Protection for your assets
5. Lowering estate taxes

While some of the above reasons may not apply to your particular situation, it is absolutely essential for you to begin estate planning now. Young adults who start early will be in a much better position when the complex planning arises later in life. Whether you are younger or older, married or single, a parent or without children, you should consider developing an estate plan.

At Tenax Law, we provide sophisticated and personal estate planning and probate services to all clients, regardless of the size of their holdings. Our experienced staff are committed to providing the individualized services and timely response and follow-up that are essential to meeting each client’s personal needs. Contact our estate planning attorneys today to learn more!

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Many people make the mistake of assuming that if they are working with a real estate agents they do not need a lawyer. However, there are many scenarios in which hiring a real estate attorney in addition to the realtor is advantageous. The following are some common signs that you may need to hire a real estate attorney:

• The transaction is complex – this often falls in the commercial real estate category, where attention to detail is imperative
• You are buying a home and are out of town
• The land you are looking to buy is currently owned by the bank
• There are structural issues with the property
• The home you are selling has a history of property liens
• Selling a deceased relative’s land
• You need someone to review the agreement
• The terms or conditions are complicated

Hire A Real Estate Lawyer in Naperville

While the above list is certainly not exhaustive, it gives you an idea of the many different situations in which a real estate lawyer’s experience and expertise are essential. Tenax Law is highly experienced in all legal aspects of buying or selling real estate. Our firm regularly represents clients in a wide variety of transactions including the sale and/or purchase of single or multi-family dwellings, condominiums, and co-ops. We are also experts in FSBO (for sale by owner) deals, rehabbed or new construction, brokered purchases, and sales.

In addition, our firm has represented individuals, corporations, limited liability companies, and estates in their acquisition, sales, refinancing, and development of every type of commercial property in Illinois. Whether you are a buyer, a seller, or a tenant, Tenax Law will protect your rights and best interests in the purchase and sale of apartment buildings, office, retail, industrial space, warehouses, and vacant land.

The post Do I Need to Hire a Real Estate Attorney? first appeared on Tenax Law.

With the most home buyers looking during April, May, and June, it is absolutely critical to get all of your ducks in a row now. If you are considering putting your home on the market, here are some important tips for selling your home in the spring season:

1. Trim your trees and bushes, make sure your dead leaves are raked away, and remove any overgrown vegetation near walkways and windows
2. Get your home inspected now and fix as many repairs as you can
3. Do a deep interior cleaning of your home, including things like polishing floors and mirrors, cleaning window treatments, and washing the inside and outside of all windows
4. Consider planting yellow flowers in the front of your home, as the color yellow has been known to encourage buying impulses
5. Consider mowing your lawn diagonally to give it a well-manicured look
6. Pay attention to details in places like the bathrooms where you should have layered towels on the racks
7. Bake fresh cookies or have freshly cut flowers in the home to give it a warm, inviting smell

According to Zillow, the spring season typically garners the highest sale prices for homes. If you are considering selling your home, the time to start preparing to put it on the market is right now. Start with a general plan and then pinpoint specific tasks that must be completed to achieve your goal.

The post 7 Tips for Selling Your Home in the Spring Season first appeared on Tenax Law.

Understanding Business Structures

A business structure has a lot of ramifications. Most notably, a business structure will determine how a company will pay taxes, personal liability involved, required paperwork, and even one’s ability to raise funds in the future. Selecting the right business structure means being forward-thinking in where the business is today and where you see it growing tomorrow. The following are the most common types of business structure:

• Sole Proprietorship
• Limited Liability Company
• General Partnership
• Limited Partnership
• Limited Liability Partnership
• C Corporation
• S Corporation

Legal and tax considerations must be taken when coming to this decision. If this seems overwhelming to you, you are not alone. Many entrepreneurs feel an immense amount of pressure to make the best decision for their business. As a result, many business owners turn to a business formation lawyer to guide them in making the most strategic decision possible.

Determining the right structure for your business is an important decision requiring experienced legal guidance. At Tenax Law, we have years of experience in guiding entrepreneurs in the most strategically-sound direction. Do you have the next “big idea” ready for launch? Contact our office today to get started on your new business!

The post Choosing the Right Business Structure for You first appeared on Tenax Law.

The following are some of the major items you should look for before buying a home:

1. Assess the furnace and air conditioning units
2. Inspect the roof and look out for any immediate repair needs
3. Check under sinks for things like plumbing issues and mold/water damage
4. Take a look at the floors for craftsmanship, poor flooring can be a sign of a flipped home
5. Notice things like uneven floors, sticking doors, or cracks above window frames, as these could all be signs of foundation problems
6. Follow your nose and smell for things like pet odors, sewage issues, mildew, or cigarettes
7. Check the function of everything that you can get your hands on – from lights switches to faucets, test is all
8. Take notice of the appliances for both their age and condition
9. Inspect the home’s insulation by taking a look at the attic, heating ducts, and water pipes

The reality is that nearly every single house has some kind of defect. The importance is determining how large the issue is and if it is fixable. Understanding what features are important to you before you start your search will make things much easier as you being creating a prospect list. As always, be sure to lean on professionals to guide you throughout the home buying process.

Tenax Law is highly experienced in all legal aspects of buying or selling residential real estate. Our firm regularly represent clients in a wide variety of transactions including the sale and/or purchase of single or multi-family dwellings, condominiums, and co-ops. We are also experts in FSBO (for sale by owner) deals, rehabbed or new construction, brokered purchases and sales. Even if you are simply considering entering the real estate market, we recommend contacting our office to ensure that you are in the strongest possible position prior to signing a contract.

The post 9 Things to Look for Before Buying a Home first appeared on Tenax Law.