This post explains the rules that apply to Illinois corporations and business entities organized in other jurisdictions.
In most jurisdictions, shareholders and LLC members generally do not have the right to obtain...more
Directors owe fiduciary duties to the company. To make informed decisions and satisfy those fiduciary duties, directors generally have broad access to the company’s books and records, with a few exceptions.
A corporate...more
Those with ownership stakes in privately held businesses, partnerships, or family offices need to closely collaborate with and trust others. When disagreements and disputes over rights and responsibilities arise, individual...more