Entrepreneurial Boot Camp
Theodore M. McGinn and Frank J. Portera • May 27, 2026
A Breakfast Briefs Recording
On May 13, 2026, Lavelle Law hosted a legal seminar focused on starting or growing a business. Our “Entrepreneurial Boot Camp” outlined the key legal and structural decisions every founder and business owner needs to know. Attorneys Ted McGinn and Frank Portera discussed:
- How to choose the right business entity (LLC, Corporation, Partnership, or Sole Prop)
- Smart capital structure choices: debt vs. equity, sweat equity, profit interests & incentives
- Must-know contract terms: attorney fees, warranties, indemnification, guarantees & more
- Why well-drafted operating and shareholder agreements are essential for defining roles, rights, and responsibilities
Whether you're just launching or ready to grow, this session provides clear, actionable insights to protect and position your business for success. For personalized assistance to discuss your business needs, contact Attorneys Ted McGinn or Frank Portera. They can be reached at 847-705-7555.
More News & Resources
Lavelle Law News and Events
On July 8, 2026, the Internal Revenue Service announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for those taxpayers to request assistance in addressing penalty relief.
High-profile couples like Taylor Swift and Travis Kelce are taking strict steps to protect their privacy. Reports confirm that wedding guests must sign non-disclosure agreements (NDAs) before receiving event details. This highlights how NDAs help individuals and businesses safeguard sensitive information.
For many businesses, the commercial lease is the largest single expense each year. But are you actually getting the best deal, or are you unknowingly paying for hidden costs? In this Lavelle Law Minute, Attorney Ted McGinn breaks down the two most common commercial leases: Gross Leases and Net Leases.
Cubs Hall of Famer Ryne Sandberg, affectionately known as “Ryno,” is forever remembered for his legendary “Sandberg Game.” Sadly, his death last July has since triggered a bitter family dispute, with his children now suing his widow, Margaret Sandberg, over alleged violations of his trust.
This transaction highlights Lavelle Law’s deep expertise in managing complex commercial real estate deals in Chicago’s dynamic market, delivering efficient, client-focused outcomes even under accelerated timelines.
The U.S. Supreme Court issued a unanimous ruling on June 4, 2026, in Sripetch v. Sec. & Exch. Comm’n, clarifying a significant question in securities enforcement. The Securities and Exchange Commission (SEC) does not need to identify victims who suffered actual financial harm to pursue disgorgement of ill-gotten gains.
On June 4, 2026, the Internal Revenue Service announced a series of hiring events to take place across the country through the end of July 2026. The events are aimed at recruiting individuals for key seasonal roles, including customer service representatives and tax examining technicians.
Before you print a single petition or launch a campaign website, the first and most important question is this: Am I eligible to run for this office? In Illinois, failing to meet the basic eligibility requirements can disqualify a candidate before the race even begins. Understand the rules upfront.
As a result of our efforts, the court reduced our client’s child support arrearage by half because of the mother’s intentional and prolonged refusal to provide her share of transportation costs. The court also ordered the mother to pay a substantial portion of the father’s attorney’s fees.
Anyone going through a divorce in Illinois is required to complete a financial affidavit as part of the legal process. Each spouse completes their own financial affidavit, utilizing all financial records and information available to them. Follow this step-by-step guide to streamline the process and avoid costly errors.
