Finding The Financing To Make Your Goals A Reality
Securing business financing while remaining in compliance is critical for any company. When you need trustworthy legal advisors for this critical activity, you will find them at Huck Bouma.
Established in 1980, our firm serves business entities and individuals throughout greater Chicago. Our startup attorneys assist business entities of several sizes in several industries. We can assist you with:
- Securing bank loans
- Securing Small Business Administration (SBA) loans
- Adding investors
- Drafting and reviewing purchase and sale agreements
- Selecting a business entity
- Finding equity financing
- Evaluating tax implications of raising capital
We combine the sophisticated counsel of a large law firm with the responsive, individualized service of a boutique one. We put our clients front and center. Our business lawyers in DuPage County build close bonds with you and get to know your company’s operations so they know how best to assist you.
How Your Business Structure Affects Financing
Your company’s type of structure plays a substantial role in your financing options. Investors will consider your company’s tax penalties and liability if litigation or a loan default should occur. In a sole proprietorship, there is very little separation between personal and business assets. The owner is liable, and their personal assets are at stake.
Corporations and LLCs offer much better protection. When it comes to financing, the difference between a C-corp and an S corp is that C-corps do not have restrictions around the number of shareholders while S corps are limited to 100. If you are considering an S corp vs an LLC, the LLC entity offers a greater likelihood of obtaining a bank loan. Investors find LLCs attractive because they usually have more liquid assets plus an established history.
Talk To Us About Financing Your Company
Our business financing lawyers at Huck Bouma are eager to help you thrive. Contact our law office in Wheaton to schedule your initial consultation. Please call us at 630-221-1755 or send us an email.