The Chicago small business and estate planning lawyer Alan Sohn focuses his practice on advising and assisting individuals and privately-held corporations, their owners and families with planning, business transactions, business litigation and estate planning needs.
From Business Inception Through the Life of the Business
Serving clients throughout Illinois, including in Cook, Lake, Dupage and Will Counties, Alan Sohn serves as a trusted counselor to his clients from the initial stages of business creation, when he assists with the business organization process, through dealing with the day-to-day business issues that arise concerning vendors, customers, employees, co-owners and interaction with various government and regulatory agencies. In the unfortunate event that a dispute arises, and after every effort has been exhausted to find a favorable resolution, Alan Sohn is equipped to initiate a lawsuit or defend the matter through litigation in the Illinois state and federal court system.
As businesses and clients mature, the Chicago business lawyer Alan Sohn assists clients with sales, acquisitions and leasing of real estate and other business property, as well as mergers with and acquisitions of other businesses. If a client is ready to sell the business or to retire, Alan Sohn works with the client to plan and arrange for the succession of the business to key employees or to family members suited to carry the business forward and will provide legal expertise, knowledge and experience to achieve a solution that is best suited to the client's goals and objectives. When developing business succession plans, Alan Sohn is keenly aware that a complete and thorough plan must address not only those family members who will serve as business successors, but also those family members who will not.
Estate Plans and Asset Protection Plans
An important aspect of the legal services provided by The Law Offices of Alan E. Sohn to business owners is the development of an estate plan that provides for the disposition of the client's estate in accordance with the client's particular desires and intentions. As a skilled Illinois estate planning attorney, Alan Sohn is highly conversant with the laws governing federal estate and gift taxes, as well as Illinois estate taxes, and he strives to develop an estate plan and asset protection plan designed to meet the clients's dispositive intentions while reducing (if not eliminating) the payment of such taxes and providing mechanisms that are designed to achieve the protection of such assets from creditors in future years. Alan Sohn has also developed many estate and wealth transfer plans for individuals and families. From a simple will to the most complex of trusts, he has the experience necessary to construct a plan suited to the needs and requests of his clients and their families.
Areas of Practice:
BUSINESS LITIGATION -
Alan's business litigation and trial practice has included all manner of business disputes, such as enforcement of covenants not to compete, trade secret agreements, real estate disputes, condemnation, contested estates, will contests and trusts, to name just a few.
REAL ESTATE -
Alan has handled the sale, purchase, exchange and leasing of office buildings, manufacturing and warehouse facilities, shopping centers and many other types of improved and unimproved real estate.
BUSINESS SUCCESSION -
Business succession planning has been an integral part of Alan's practice for more than four decades. As his clients' businesses have grown and prospered, and younger generations have joined the business, it has been Alan's task to design and implement strategies to smoothly transition the family business to succeeding generations while balancing the interests of the family members who have not joined the business.
ORGANIZATION AND REPRESENTATION -
Should you do business as a corporation, partnership, limited liability company or limited partnership? Should the entity under which you do business be a pass-through for income tax purposes? These are just a few of the questions that need to be answered at the outset of any business. Alan has the experience and expertise to help you decide which business entity is best for you.
ESTATE PLANNING AND ASSET PROTECTION -
Asset protection and wealth transfer planning is an integral part of Alan's practice. He has designed and implemented numerous plans for the transfer of wealth to succeeding generations with a view to reducing or eliminating the assessment of estate taxes.
PROBATE AND ESTATE ADMINISTRATION -
The Illinois probate process can be tedious, time-consuming and costly. Alan can work with your family to navigate through the court processes in the most efficient and effective manner possible. With more than 40 years of helping clients, Alan has the depth of knowledge and experience necessary to help you