King Patent and Business Law, PLLC

Business Transactions, Compliance, and Changes

Transactions

Business transactions include just about every kind of situation where something of value is exchanged for money, goods, or services. Equipment purchases, leases, employment agreements, and policies are common business transactions that benefit from legal assistance.

We can help you draft contracts for all types of situations, including

sales,
leases,
negotiable interests,
secured transactions,
employment agreements,
independent contractor agreements, and
non-disclosure agreements / confidentiality agreements.

We can also assist with drafting company policy documents, such as

bylaws,
sexual harassment policies,
data security policies,
anti-retaliation policies,
background check policies,
vacation policies,
leave policies,
etc.

Bylaws, Shareholder Agreements, Operating Agreements,
Sales Agreements
Leases
Secured Transactions
Employment Agreements
Independent Contractor Agreements
Non-disclosure Agreements
Operating Policies
Employee Policies

Maintenance

We can assist you with the regular tasks involved in keeping your business in good standing with government agencies and meeting regulatory requirements.

We offer Registered Agent service, which means we will receive legal notices and service on your behalf and file your annual reports.

We will also file Annual Reports separately if you have a different Registered Agent.

We can assist you with proper recordkeeping to maintain necessary corporate / LLC / etc. documents, such as minutes, resolutions, amendments, etc.

Registered Agent
Annual Reports
Recordkeeping
Corporate Transparency Act Reporting

Changes

Not much remains static for a business. We can assist you with the many changes your business may need to make over time.

You may be selling or purchasing all or part of an existing business, changing from a sole proprietorship to an LLC or from a partnership to a corporation, changing from a single-person entity to a multiple-person entity, rebranding, or wanting to operate an existing business in a different or additional state.

We advise you about making changes and inform you about all the necessary steps to take. We can handle the paperwork to make those changes happen smoothly.

Purchase / Sale / Transfer of All or Part of a Business
Change of Entity
Amendments to Organization Documents
Domestication and Registration of Out-of-State Businesses
Updating Operating Documents
Assumed Name Applications
Rebranding

Fees

We work using flat rates. You will know up front what the total cost will be for the services most appropriate for you, barring unforeseen circumstances.

Common starting fees are listed in the downloadable dee schedules. Additional attorney and state/federal filing fees may apply to these listed fees. Other fees available upon request.

Please note we do not review sample / template documents purchased or downloaded online from other sources. They often need substantial changes, and we have found it is more cost-effective for our clients for us to draft the necessary document entirely. “Review” means review of a proposed agreement offered by the other party.

Business Fees: Corporations Business Fees: LLCs

Recent Posts About Business Transactions and Operations

It’s a Long Way to the Top (If You Miss Your Business Deadlines)

As AC/DC said, “It’s a long way to the top if you want to rock and roll,” and I can tell you it’s a long way to the top in business if you miss your deadlines. Time matters in business. Whether you’re launching a startup, maintaining operations, or preparing for growth, certain deadlines can make or break your success. Missing key business dates can lead to financial penalties, legal trouble, or lost opportunities. Here are some of the most critical dates every business owner should have on their radar.

March 14, 2025

Business vs. Individual Ownership of Intellectual Property: Pros, Cons, and How to Transfer

When you create intellectual property subject to patent, trademark, or copyright law, you need to decide who should own it: you as an individual or your business.

Today, we’ll break down the pros and cons of business ownership vs. individual ownership, and how you can properly transfer IP rights between the two.

February 27, 2025

Sealing the Deal: How NDAs Keep Business Talks Confidential

NDAs are not just for what people normally think of when they think of intellectual property; they are also crucial in business formation and transactions. Whether you’re forming a new company negotiating a merger, or working with independent contractors and employees, NDAs protect sensitive business information, which is actually also intellectual property.

February 20, 2025

Avoiding Heartache When Operating a Business as a Couple

They say never mix business with pleasure—but what about love? Many couples start businesses together, but without the right legal setup, things can go very wrong. Very, very wrong. Let’s talk about how to protect both your business and your relationship.

February 14, 2025

Why Do You Need an Operating Agreement for Your LLC?

Why do you need an operating agreement for an LLC? An operating agreement is not required by law in Illinois, but you’re doing yourself a disservice not having one. They’re important for banking and financial transactions. They set up a roadmap for avoiding problems and for handling ones that do arise, and they help keep good relationships between owners good.

November 7, 2023