Legal clarity, business agility.
From day-to-day operations to significant strategic moves and changes, count on us to help you solve problems and seize opportunities with personal legal counsel that makes business sense.
The challenges and pressures of running a successful business of any size never stop, nor do you. We understand your world because we work with leaders like you, often as outside general counsel. Legal issues can make the challenges more daunting to manage and distract you from what you do best. That’s why we are right there with you to focus on what really matters, clarify the complex, solve problems efficiently and turn legal counsel into business advantage.
Starting, growing and integrating. Whether starting a new venture, growing an established company at its core, or helping a business to grow through vertically or horizontally integrating, Chuhak & Tecson attorneys advise clients on selecting the appropriate legal entity.
Keeping your legal house in order with governance best practices. We advise boards of directors and executives regarding requirements under applicable corporate statutes and case law. We routinely provide counsel on a range of strategic issues related to governance within the organization, including fiduciary duties, duties of loyalty and avoidance of conflict of interests.
Advising on the full range of business law needs. Serving as outside general counsel to most of our clients, members of our Corporate Team are skilled “issue spotters” who understand both the legal big picture and your business operations. Our Corporate Team members will assess your legal needs and connect you with additional practitioners and resources at Chuhak & Tecson, to address them.
Helping to manage your risk and liability. It is critical to prepare and draft contracts and agreements which clearly and succinctly capture the terms and conditions of a transaction and, most importantly, manage your risk and liability. Chuhak & Tecson’s Corporate Team invests the time to apply our understanding of your business, its history, people, objectives and relationships to customize agreements for manufacturing, distribution, operating, vendor services, confidentiality, independent consultant, data privacy and licensing matters, among many others.
Providing practical advice and solutions in evaluating, negotiating and closing transactions. The purchase or sale of a business can take many forms – from a simple merger of two entities, to stock purchases, asset purchases, spin-offs, split-offs, reverse mergers or any number of other structures. We have closed deals for clients in a variety of industries, including manufacturing, professional services, medical and dental groups, hospitality and nursing homes, among others.
Understanding the tax consequences for family-owned and closely held businesses and their owners.Our M&A attorneys collaborate closely with Chuhak & Tecson tax attorneys, many of whom are also registered certified public accountants, to advise clients on the tax effects of transactions. Providing both business and individual tax planning to our clients, we negotiate and structure transactions to reduce both the costs of the transaction itself as well as the tax consequences following the transaction.
Creating comprehensive succession plans. We work with you to carefully balance the goals and concerns of all stakeholders in developing an appropriate succession plan for you and your business. Whether the intent is to identify ways to shift your business to a next generation, to employees, or to sell outside the business, we are with you at every step of the process. Tax and estate planning complements the work we provide to clients on succession planning. Together, we develop strategies to transfer ownership that minimize income, gift and estate tax consequences by using various techniques, including outright transfers and transfers in trust for the benefit of descendants and related sales.
Preserving the value of intellectual property and deploying it for business success. Your intellectual property is a valuable part of your business. It is important to protect it and to control who uses it, and how. We provide assistance and counsel on how to maintain and protect your intellectual property, including registering trademarks and service marks, protecting trade secrets through confidentiality agreements, and negotiating licensing agreements.
Explore Other Practices
We understand the day-to-day needs of aviation businesses, and we are also right there with you to help navigate the bad days. When tragedy strikes, we often are the first legal responders. Our clients trust us and know the quality of our judgment. They want us – and our decades of industry experience – with them as they sort out the details and look for solutions.
Condominium & Common Interest Community Association
There’s no instruction manual for serving on the board of a condominium association or HOA. We know what you’re facing because we have worked with association boards for decades, handling issues from mundane to complex, and we are right there with you – with practical solutions to common problems and the legal know-how to address the thorniest disputes.
Helping managers sort big issues from small, the Chuhak & Tecson Employment Team works with family and closely held companies on day-to-day workplace challenges as well as the long-range questions that arise for growing businesses.
Estate Planning & Asset Protection
Regardless of the size of your net worth, we can help. Our attorneys have extensive experience drafting estate planning documents from the basic to the complex, always with a focus on achieving your business and personal planning goals. We collaborate closely with clients, so we are right there with you to create, develop and implement integrated and individualized estate plans and asset protection plans.
Estate & Trust Administration & Litigation
Our attorneys appear daily in the probate courts. Representing beneficiaries, executors, trustees and institutional clients, we administer estates and litigate disputes involving wills, trusts and guardianship estates. We provide counsel on all types of probate and the administration of guardianship and decedent estates and trusts, and advise on the tax ramifications involved in estates and trusts.
The Financial Services attorneys at Chuhak & Tecson are among the most knowledgeable in Chicago, making us the law firm of choice for more than 80 nationally and state-chartered banks as well as other institutional lenders, credit unions, leasing companies, insurers, finance companies, hedge funds, private equity entities and other private credit lenders.
Representing a broad spectrum of clients in the healthcare sector, our attorneys have a unique ability to recognize what a client needs and make it happen. From regulatory compliance, managed care and medical staff affairs, to mergers, corporate structure, contracting and other issues unique to the healthcare field, we are right there with you.
When litigation becomes necessary, clients need to know they are in the hands of experienced professionals committed to achieving the best possible outcome in every situation. With our extensive experience before state and federal trial and appellate courts, as well as administrative bodies, Chuhak & Tecson litigators are right there with you – bringing the skills and knowledge necessary to identify and pursue the most efficient path to successful resolution and achievement of client objectives.
Nonprofit & Tax Exempt Organizations
A clear mission and dedicated professionals are keys to finding success as a nonprofit, tax-exempt organization. So, too, is understanding the business end of a nonprofit’s operations, its legal status and the regulations it must honor. We understand how the governance structure of a nonprofit organization affects its operations and the sorts of questions that executives bring to boards and boards to executives.
When it comes to real estate, Chuhak & Tecson attorneys enjoy a solid reputation for excellence built on decades of experience serving a broad base of Illinois clients ranging from buyers and sellers to landlords, tenants, lenders, developers, architects, space and land planners, building contractors, real estate brokers and syndicates, owners of historic structures and condominium and homeowner associations.
Tax & Employee Benefits
Tax laws and regulations are a maze – complex and confounding for the uninitiated. But with more than 30 years of experience guiding clients through tax and employee benefit matters, Chuhak & Tecson attorneys are masters of the fine art of navigating the Internal Revenue Code to minimize tax and thereby preserve assets – for individuals, families and their businesses.