GrowthLaw

GrowthLaw

Bill Price has been helping privately held companies and nonprofits buy, sell, or run their enterprises since 1978. For cost effective solutions to business or government agency issues, call or email for a free consultation.

Firm Overview

New or old, small or large, for profit or not, your organization inevitably will face legal and regulatory challenges as it seeks to grow. You have two choices: Face those challenges alone and under-prepared, or seek help from an award-winning business lawyer.

Attorney Bill Price has decades of experience writing Illinois laws and influencing the Illinois regulations that he helps companies use to their benefit.

Bill's practice includes business and administrative litigation, international and national transactions, and nonprofit law. His clients tend to center in the Chicago area and downstate Illinois, but companies throughout the world - including ones in Pakistan, Indonesia, Japan, Germany and the UK - reach out to Bill and GrowthLaw.

What matters most is the scope of legal assistance Bill can provide. He has, for example:

Helped a franchise buyer understand the process of organizing a new business, review disclosure documents and negotiate a lease.
Devised a contract that allowed an owner to sell his chemical specialty business - and be paid for both his company's assets and his subsequent advice to the buyer.
Saved the owner of an HVAC company from a smoke-and-mirrors merger offer. Selling the company to current staff turned out to be a better option.
Prepared documentation that qualified a church for property tax exemption. Also successfully documented federal income and state sales tax exemptions for the church.
Organized an Illinois LLC and documented U.S.-Pakistan reporting rules for a business employing live-chat operators based in Pakistan who help increase sales on U.S. websites.
Drafted updated rules and helped members of the Illinois Pollution Control Board understand caseload management and the issues they faced.
Bill Price is the current chair of the Institute for Illinois Business Laws. He also has served as chair for the Corporation, Securities and Business Law Section Council of the Illinois State Bar Association, and is a member of that Section Council. Bill also is a member of the Administrative Law Section Council, for which he is general editor of the 2007 edition of the ISBA Handbook of Illinois Administrative Law, and edits the Section newsletter.

Bill served for two years as the state's Small Business Utility Advocate, appointed by Governor Jim Edgar and confirmed by the Illinois Senate.

A magna cum laude graduate of the University of Illinois, Urbana-Champaign, a graduate of the Duke University School of Law and holder of a Masters in Public Policy Sciences from Duke, Bill Price has taught courses in business law and high tech entrepreneurship (including both private equity and venture capital) at the Stuart Graduate School of Business, Illinois Institute of Technology.

Books Bill has authored include Limited Liability Organizations, which covers all forms of business entities in all 50 states and many foreign countries; and Illinois Law Office Practice Forms, which provides forms for use in business, real estate and family estate matters for Illinois law offices.

He also contributes chapters on limited liability companies and S corporations to annual volumes from the Illinois Institute on Continuing Legal Education.

With the experience and knowledge to find the business advantage for his clients, Bill Price will help steer your company or not-for-profit organization into growth. Email Bill at wprice@growthlaw.com or call him at 800-630-4780.

Main Office

GrowthLaw
PO Box 1425
Warrenville IL 60555

Phone

(800) 630-4780

Fax

(800) 630-4780

Websites

Growth Law

Fees

Free Initial Consultation?

30 minutes by phone

Services Offered For Fixed Fees?

Organizing a business entity or nonprofit ($500 + filing fees) New entity tax registration, charitable trust registration, federal tax exemption registration, trademark registration, or copyright registration. ($1000 + filing fees) New business operating & employment agreements ($2500, up to 5 types of employee contracts) Key employee contract & compensation agreement ($5000, includes revisions & presence at negotiation with key employee)

Hourly Rates

$375.00 plus expenses standard, discounts available for long term retainer commitments.

Office Information

Office Hours

10am-7pm central US time, M-T-W-Th-F

Emergency After Hours

Yes

Languages Spoken

English, French, German

Business

GrowthLaw prioritizes helping business clients grow, and overcome the growing pains that pose legal challenges to that growth.

Lawyers, accountants, and bankers or other finance professionals like accounts receivable purchasers (factors) are not only routine parts of deal teams when you buy or sell a business, they are also people a buyer or seller needs to help run the company in the course of preparation for sale, or in general operations afterwards. An experienced business lawyer like Bill Price can help with:

Deals:
Every business transaction has some legal complications. There could be claims from copyright holders, or international and state laws against your perfectly reasonable ambition to match Captain Kidd at wealth accumulation, or other questions. Bill Price can help you quickly determine what questions to ask, and what options you have for better negotiation of deal and other daily business legal issues. He has taught business law to graduate students and undergraduates, answered tens of thousands of similar questions since 1978, and also knows how to research new issues that you may have to face in the course of your company’s operations. Make him your outside general counsel, to keep that advice available when you need it.

Risk Management:
You need to buy appropriate types of property and casualty and errors and omissions insurance, as well as other business insurance to cover against fire, flood, worker injuries, product liability, theft, and other general and industry-specific risks. Bill Price has lectured, lobbied, and advised many companies on risk management, insurance types needed (including litigation if the insurers failed to pay), and liability trends.

You need to buy appropriate types of property and casualty and errors and omissions insurance, as well as other business insurance to cover against fire, flood, worker injuries, product liability, theft, and other general and industry-specific risks. Bill Price has lectured, lobbied, and advised many companies on risk management, insurance types needed (including litigation if the insurers failed to pay), and liability trends.

Employees:
Nondiscrimination rules and laws on hiring, employee job descriptions, handbooks, and policies in same for discipline, discharge, sexually transmitted disease incidence, other disabilities, anti-nepotism, etc… can all use adaptation to your company, and a good business lawyer can help you with these, with contracts for key employees, and with engagement of employment-related service providers. Bill Price has also designed and written about employee stock option plans, benefit trusts (for tax and health insurance savings), captive insurance companies, “Obamacare” and its replacements, overseas and domestic reinsurance arrangements for health and other liabilities, and has helped with evaluation and career development for nonprofit and for-profit entities as a Board member and HR committee memer and Chairman.

Nondiscrimination rules and laws on hiring, employee job descriptions, handbooks, and policies in same for discipline, discharge, sexually transmitted disease incidence, other disabilities, anti-nepotism, etc… can all use adaptation to your company, and a good business lawyer can help you with these, with contracts for key employees, and with engagement of employment-related service providers. Bill Price has also designed and written about employee stock option plans, benefit trusts (for tax and health insurance savings), captive insurance companies, “Obamacare” and its replacements, overseas and domestic reinsurance arrangements for health and other liabilities, and has helped with evaluation and career development for nonprofit and for-profit entities as a Board member and HR committee memer and Chairman.

Suppliers:
“Work for hire” and other terms that protect your company’s IP rights when hiring freelancers, documentation of true “independent contractor” status (as opposed to a chance to get to meet the friendly litigators from the Illinois Department of Employment Security), supplier entity and supply chain organization, documentation of international and domestic contract or otherwise regular manufacturing, service, trade credit, customs and other freight forwarding arrangements, invoicing and payments vendor and process management, and negotiation of complex computer software or other supply deals are all things your business lawyer can work on, and Bill Price has, for many companies.

Finance Sources and Regulators:
The corporate book – a record of original issuance, periodic inter-shareholder or other interest transfers, of bylaws and minutes of entity action to approve financing terms, subscription agreements, and other official permissions to act or actions – is something the corporation or other entity’s lawyer often retains and usually helps keep up, with official annual reports, periodic financial reports for investors, new investor buy-in documentation, and updates to PPM’s or other outward facing paperwork that facilitate new inbound investment, along with any “blue sky” or other securities authority filings needed to stay in compliance. Bill Price has prepared deal and regulatory and entity paperwork for all these, and many more elements of the work of the entity documentation generation and records management process, at companies large and small.

What is your firm's point of view regarding clients educating themselves on legal issues?

Bill Price and GrowthLaw believe clients should be able to make informed decisions about their legal issues, and that the role of an attorney is to present the legal facts and requirements to them in plain language so they can do so. Then, to execute the client's will on their behalf.

Is your firm willing to review documents prepared by clients?

Reviewing a client's relevant documents is part of our service, as is revising and updating them to comply with necessary elements of law.

Is your firm willing to help a client with one discrete part of a case, without taking on the whole case?

In the past, GrowthLaw has worked together with other attorneys jointly on cases. It is our policy not to take the primary role appearing in court for contentious litigation, for example.

William Price

GrowthLaw

Education

Duke University School of Law
JD and Masters in Public Policy, 1978

* Nolo has confirmed that every member attorney has a valid license and is in good standing with the state agency that licenses lawyers. Any past disbarments and suspensions (with possible exceptions for minor violations or nonpayment of dues, in our discretion) will be indicated accordingly in the badge. Member attorneys are required to notify Nolo immediately if they become the subject of any disciplinary action by any state licensing agency.