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In this article, we explain shareholder meetings for corporations. We answer the questions: are shareholder meetings required by Illinois law?, when should a corporation hold its annual meeting of shareholders?, how many shareholders must attend a meeting of shareholders?, what is a special meeting of shareholders?, and what happens at an annual meeting of shareholders?
September 5, 2024
The purpose of this article is to explain how to choose a business structure in Illinois. We address the differences between S-Corps, C-Corps, LLCs, Sole Proprietorship, and Partnerships in Illinois.
September 5, 2024
In this article, we explain the Business Judgment Rule for corporate officer and director liability in Illinois. We answer the questions, “what is the Business Judgment Rule?”, “how does the business judgment rule protect corporate officers and directors from liability to shareholders?”, “what is a shareholder derivative lawsuit?”, “what is the standard of conduct for Illinois corporate officers?”, and “is it possible to overcome the Business Judgment Rule?”
September 5, 2024
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