Business Law Frequently Asked Questions
Attorneys for the Chicago Business & Real Estate Community
At Regas, Frezados & Dallas LLP, we serve businesses, banks, real estate investors, and developers in the Chicago area. Our team of business lawyers is dedicated and knowledgeable, and we are proud of our ability to provide nuanced representation in a wide variety of challenging cases.
This area of law can be difficult. Below are answers to some of the questions we hear most often.
What Is Included in Business Law Practices?
Business law involves and encompasses all types of commercial transactions that involve legalities. In addition, any litigation process or courtroom trial in which one or more parties are business falls under the realm of business law. In short, business law is the legal structure in which businesses function.
What Is Civil Litigation?
Civil litigation involves matters of contract and exchange between individuals and businesses. As opposed to criminal court processes, issues falling under contract law or tort law are addressed through lawsuits in civil courts.
What Types of Business Entities Are There?
There are a wide variety of business entity formats to choose from, including limited liability companies (LLCs), limited liability partnerships (LLPs), corporations, joint ventures, sole proprietorships, and partnerships.
How Do I Choose the Right Business Entity When Forming a Business?
Our attorneys at Regas, Frezados & Dallas LLP can help you make the right choice for your situation. Each business entity type has its own set of rules and regulations concerning taxation, distribution of profits, owner liability, asset protection, and other matters. The best way to make an informed decision is to bring your business plan and other documentation to a competent attorney for counsel.
My Business Has Been Sued. What Should I Do?
Discuss your case with our attorneys right away. We can help you take the right steps, protect your interests, and limit risks. Our lawyers can provide the aggressive representation you need at this time.