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
On March 13, 2026, the Federal Trade Commission sent warning letters to 97 dealerships nationwide concerning their advertising practices. This article addresses the practical implications of the FTC’s stance on dealer advertising and what dealers need to know to remain in compliance.
The Internal Revenue Service recently announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (“ERC”) claim to avoid refund litigation.
Kerry Lavelle explains how business owners can access tax-deferred money, highlighting two selective strategies for key employees or management: Deferred Compensation Plans and Cash Balance Plans. Both allow business owners and key team members to earn money while deferring taxes.
Losing a job or experiencing a change in employment status can be stressful, particularly when it impacts health insurance coverage. The Consolidated Omnibus Budget Reconciliation Act (“COBRA”) provides a critical safety net by allowing employees and their families to continue employer-sponsored health coverage.
In a contentious probate matter involving a disputed deed to residential property, our client, the administrator of the estate, seeks to recover assets after the deed was recorded by the decedent’s neighbor.
Major life events, shifts in financial status, and changes in the applicable law can all affect your estate plan, and those changes may require you to make some edits to your documents. So, this spring, dust off your estate plan and consider the following 8 circumstances that signal an update is needed.
The Internal Revenue Service recently announced that it is seeing the 2026 filing season have a rise in tax refunds. With the April 15th deadline approaching, the IRS stated that there is a smooth pace at which taxpayers are getting their refunds, with the high use of electronic filing.
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.
