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WHY ILLINOIS BUSINESSES SHOULD CONSIDER NOT USING ILLINOIS ENTITIES

Simplicity can be advantageous in making decisions concerning your business. On the important decision of choice of entity, based on simplicity, it may seem appropriate to use an Illinois entity to operate an Illinois business. By using an entity formed in a different state than Illinois to operate an Illinois entity, there will be additional complexity from having to comply with the legal requirements of Illinois and another state. However, for some Illinois businesses, this complexity may be overridden by certain benefits from using non-Illinois entities.

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The Advantages Of Protected Series Over Registered Series In Delaware Series Limited Liability Companies

For many years, Delaware has been a leading state in which to achieve asset protection. Besides its broad recognition of tenancy by entirety and “pro-debtor” charging order law, Delaware was one of the first states to authorize the use of series limited liability companies.

Private Investments Wealth Accredited Investors

The Truth About Private Investments For Wealthy People

USA President Franklin D. Roosevelt’s New Deal created the Securities and Exchange commission as part of the 1933 Act. It was designed to prevent business people from raising capital from the general public. Under the guise of consumer protection, the regulation made it illegal for entrepreneurs to advertise the offering of new shares in a company. Except to wealthy insiders—called accredited investors. The regulation relied upon a four-part test called ‘Howey’ to define which offers are considered securities.

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