Palatine Startup Lawyers
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Legal Services Offered by Our On-Demand Palatine Startup Attorneys
On UpCounsel, you can find and connect with top-rated Palatine startup attorneys & lawyers that provide a range of startup law services for startups and entrepreneurs that are starting a business. Any of the top-rated Palatine startup lawyers you connect with will be available to help with a variety of your startup law related legal needs on-demand or on an ongoing basis in the city of Palatine, IL.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Palatine startup lawyers on UpCounsel can help you with a variety of specialized and general startup law related legal matters. No matter what type of startup law needs you have, you can easily hire an experienced Palatine startup lawyer on UpCounsel to help you today.
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- 8 min read
What is a Portfolio Company?
A portfolio company is a term used to describe a company in which investors own equity in a company or buy out a company. The goal of the investor is to increase the value of the portfolio company and earn a return on their initial investment.
The investment could be in the form of private equity in established companies or venture capital in companies just starting out. One portfolio company usually forms part of a group of companies in the investor's full portfolio.
Who Invests in Portfolio Companies?
Portfolio companies are used by venture capital firms, private equity firms, and other financial investment firms. Some firms build a portfolio of companies that specialize in a specific sector, such as science or engineering. Others have a diverse mix of portfolios.
- 2 min read
Filing for bankruptcy can be a confusing process and many who are contemplating bankruptcy do not know about the differences regarding which type of bankruptcy they should be filing for.
What is Chapter 7?
Chapter 7 is the most common type of bankruptcy chapter filed in the U.S. Chapter 7 is also known as “liquidation bankruptcy”, that has to do with the selling of a debtor’s non-exempt assets by a trustee which will hopefully erase all debts that can be expunged. This is different from Chapter 13 bankruptcy, which just reorganizes
- 6 min read
What Is Corporate Structure?
Corporate structure is a way of organizing a company in three parts. This includes:
- Board of directors, who control the business
- Corporate officers, who oversee operations
- Shareholders, who own the business
Corporate Structure: What Is It?
Also known as corporate governance, corporate structure is the way of running a business. Corporate structures include:
Board of Directors
The board of directors reports to the shareholders. The board's tasks include:
- Making sure managers are effective
- Keeping the chief executive officer (CEO) on track
- Reviewing the company's plans, budgets, and goals
- 5 min read
What Is Legal Entity?
A legal entity refers to a legally standing or lawful partnership. That partnership could be an association, a trust, a proprietorship, a corporation, or an individual. All such entities are legally able to be accountable for activities against the law, enter contracts or agreements, incur and pay back debts, be sued and sue other entities, and assume obligations. While legal entities are able to do many things, a legal entity cannot hold office or vote.
Legal entities are frequently seen in scenarios and instances where an individual can take a class-action lawsuit against a company or the manufacturer that supplies the products for a company. Another scenario where the term "legal entity" applies is when every member of a band signs a contract for a record. The band is the legal entity, which is why the band members can enter a contract.
What Is a Legal Entity Identifier?
A Legal Entity
- 4 min read
It used to be that initial public offerings (IPOs) were reserved for high tech, healthcare and larger retail companies, but that is no longer the case. There are many sectors that now take advantage of this tool, so it pays to be more aware of some of the intricacies involved in the IPO process. Let's start by defining some relevant terms:
What is an IPO?
An IPO is the process of taking a private company and making it public. Essentially, when a private company participates in an IPO, they sell shares to the "general public" for the first time, and invite investment from outside their inner circle of employees and investors. The reality is that most of those initial shares issued by the company will be bought by institutional investor