Ted McGinn is Managing Partner and shareholder at Lavelle Law, specializing in business formations, capital structuring, mergers & acquisitions, and other corporate transactions. He also advises on employment and labor law matters, intellectual property, and bankruptcy/debtor relief matters. He is a past Chair of the Schaumburg Business Association, serves on the Schaumburg Business Development Commission, and currently sits on the Harper College Legal Studies Advisory Committee and the Board of Directors of Gerry’s Café. Mr. McGinn earned his B.B.A. from the University of Iowa and his J.D. from Loyola University School of Law in Chicago.
Lavelle Law Presents an "Entrepreneurial Boot Camp"
Lavelle Law • April 3, 2026
A Lavelle Law Breakfast Briefs
Lavelle Law Presents an "Entrepreneurial Boot Camp"
A Lavelle Law Breakfast Briefs
May 13, 2026
7:45 AM – 9:00 AM
1933 N. Meacham Rd., Suite 127
Schaumburg, Il 60173
This session provides a practical overview of key legal and structural considerations for starting and growing a business. Topics include selecting the appropriate business entity (such as corporations, LLCs, partnerships, or sole proprietorships), understanding capital structure decisions (including debt vs. equity and equity incentives like sweat equity or profit interests), and navigating essential contract terms like attorney fee provisions, warranties, indemnification, and guarantees. The presentation also covers the importance of well-drafted operating and shareholder agreements in defining roles, rights, and responsibilities. The session will conclude with an open Q&A to address specific attendee questions.
Join Lavelle Law attorneys Ted McGinn and Frank Portera on May 13, and learn key legal tips for entrepreneurs. Doors will open at 7:45 for a complimentary continental breakfast, and the presentation will begin at 8:00. This is a free seminar, but registration via Eventbrite is required.
Meet the Panel
Frank Portera manages the Corporate Compliance Practice Group at Lavelle Law and focuses his practice on new business formations, drafting shareholder/operating agreements, and mergers and acquisitions. Through his general business law practice, Frank works closely with many business owners to assist them in applying for and maintaining trademarks and negotiating commercial lease agreements. Mr. Portera serves as Vice Chair on the Board of Directors for the Arlington Heights Chamber of Commerce and is a member of the Arlington Heights Zoning Board of Appeals. Frank received both his B.A. and J.D. from Marquette University in Milwaukee, Wisconsin.
More News & Resources
Lavelle Law News and Events
Thinking about buying a business? There’s more than one way to do it, and choosing the right path can save you time, money, and headaches. In this video, experienced business attorney Kerry Lavelle breaks down the three main avenues for buying a business, along with the pros and cons of each.
A lawsuit involving Chance the Rapper and his former manager, Pat Corcoran, highlights a costly lesson for businesses, creatives, and entrepreneurs alike: handshake deals can lead to million-dollar disputes.
Our client was haunted by non-dischargeable federal tax liabilities of over $400K from a business venture. After strategic timing and working with our Bankruptcy team, $330K was written off by the IRS before we filed Chapter 7 for the client, and he suffered no adverse results from the four-month delay.
Play Ball with Lavelle Law on April 9! Step up to the plate and join our annual Business After Hours event, hosted in the friendly confines of our Schaumburg office. Bonus points: Feel free to rock your favorite baseball team’s gear and show off your fandom while you’re at it! Free event for SBA members!
The IRS announced its annual Dirty Dozen list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals. The Dirty Dozen is part of a broader campaign conducted by the IRS to educate taxpayers about identity theft schemes and other forms of fraud.
Lavelle Law seminar highlighted key 2026 Illinois employment laws for employers: expanded Workplace Transparency Act rules, AI discrimination bans in hiring, paid nursing breaks, broader state employee insurance, & upcoming neonatal ICU leave.
For many businesses, the ability to fully expense capital investments in the first year presents a meaningful opportunity to reduce tax liability and reinvest in growth. Proper classification, timing, and election planning remain essential to maximizing the benefit.
Beginning 3.1.26, new federal regulations issued by FinCEN will significantly affect how certain residential real estate closings are handled. Issued under the authority of the Bank Secrecy Act, the rule requires the reporting of specified non-financed residential real estate transfers involving legal entities & trusts
Certain income taxes can be discharged in bankruptcy if they meet a four-part test, the last test being a subjective test. On January 20, 2026, Judge Bentley of the U.S. Bankruptcy Court for the SDNY issued a 46-page judgment determining that a chapter 7 debtor did not meet the fourth test.
On January 14, 2026, the U.S. Supreme Court decided that political candidates can bring lawsuits over election rules. In Bost v. Illinois State Board of Elections, the Court held that a candidate for office has the right to challenge state rules about how votes are counted.
