Selecting the right legal structure for your business is one of the first and most important decisions entrepreneurs must make. The legal entity an entrepreneur selects will impact many critical aspects of the business, such as its ability to raise capital, how the company will be managed, its tax treatment, and liability protection for its managers are just a few. At “Choosing the Right Legal Entity: A Small Business Entity Workshop”, CLC equitable development and small business attorney, Akele Parnell, will discuss the advantages and disadvantages of various business structures including the Sole Proprietorship, C-Corp, S-Corp, LLC, Benefit Corporation, Cooperative Association and more.
The event will be presented by Chicago Lawyers’ Committee for Civil Rights. Chicago Lawyers’ Committee for Civil Rights was founded in 1969 as a group of civil rights lawyers and advocates working to secure racial equity and economic opportunity for all. Its vision is to root out and dismantle deeply entrenched systems of discrimination, racism, and economic oppression by using the power of the law to give voice to those most impacted by these civil rights issues.
Formerly called the Community Law Project, attorneys of the Lawyers’ Committee have helped to build, strengthen and support nonprofit organizations and small businesses that contribute to economic development and deliver social services in low-income neighborhoods since 1985. Its work is focused in historically disinvested communities of color on Chicago’s South and West Sides. The attorney volunteers and expert legal staff provide nonprofit leaders and small businesses owners with the knowledge to sustain the quality of their programs, improve outcomes, and spur economic development. Chicago Lawyers’ Committee recognizes that structural racism is a major contributor toward economic injustice, and works to eradicate racism and end poverty in Chicago, and coordinates activities in close working relationship with its various community partners.
Choosing the Right Legal Entity: A Small Business Entity Workshop is sponsored by the City of Chicago Department of Business Affairs and Consumer Protection (BACP). The department licenses, educates, regulates and empowers Chicago businesses to grow and succeed as well as, receives and processes consumer complaints.
For registration information call 312/744-2086 and tell them you saw the listing on the Minority Entrepreneur News Site.