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
Thinking of selling your business ahead of retirement? Business owners should begin preparing when they enter the “red zone” before retirement - not wait until they’re ready to retire. Kerry Lavelle explains this and more in the Lavelle Law Minute video, "Options and Tips for Selling Your Business."
Court Denies Petition to Remove Executor - Major Probate Litigation Defense Victory - A Lavelle Law Success Story.
On August 20, 2026, the Internal Revenue Service announced a digitally authenticated Tax Compliance Report available through IRS Individual Online Accounts.
Taxpayers can securely obtain and download the report when applying for a job, a loan, a government benefit, or another service that requires tax compliance info.
FinCEN update: Condo, HOAs, and other common interest community associations no longer have to file BOI reports with FinCEN. Volunteer board members are no longer required to report their personal information to the federal government simply because they sit on an association’s board of directors.
Discover the latest tax law updates and planning opportunities that can help you reduce taxes, protect wealth, and prepare for the future.
On August 5, 2026, the Internal Revenue Service issued Notice 2026-28 providing guidance on the employer credit for paid family and medical leave (“PFML”) under the Working Families Tax Cuts (“WFTC”). The WFTC makes permanent and expands eligibility and coverage for employers offering PFML benefits to employees.
Many litigators are familiar with Federal Rule of Civil Procedure 68, but few fully appreciate its strategic value in the defense arsenal. Rule 68 can be a powerful tool for influencing settlement negotiations, and in some cases, limiting a plaintiff’s ability to recover post-offer attorneys’ fees.
A client came to us needing protection from an ex-boyfriend who wouldn’t take no for an answer. She broke up with him after he used her indoor pet camera to spy on her without her permission, then surveilled her at her home and chased her through a parking lot.
Thinking about selling your business? In this video, Lavelle Law attorney Frank Portera explains how a Type F Reorganization can create tax efficiencies and simplify the sale process by reducing the need for third-party consents.
Thinking about using AI to represent yourself in litigation? Think again. It is well-documented that pro se litigants are less likely to prevail compared to their represented counterparts. Regardless, AI has provided people with a false sense of security, tempting them to represent themselves regardless.
