Building the legal foundation for your business

Corporate Transactions

From entity formation through growth and exit, we provide the transactional counsel that businesses need at every stage. Our practice combines commercial awareness with disciplined legal execution to support your most important business decisions.

Entity Formation & Structure

Choosing the right business entity is one of the most consequential decisions a founder makes. We advise on the formation and structuring of LLCs, corporations, partnerships, and joint ventures — considering liability protection, tax implications, governance flexibility, and future fundraising or exit plans. We also handle operating agreements, bylaws, and shareholder agreements that establish clear rules for ownership, management, and decision-making from day one. Illinois entity formation is governed by the Illinois Business Corporation Act of 1983 (805 ILCS 5) and the Illinois Limited Liability Company Act (805 ILCS 180).

Mergers & Acquisitions

Whether you are acquiring a competitor, merging with a complementary business, or selling the company you built, M&A transactions require careful legal guidance at every step. We handle due diligence, deal structuring, negotiation and drafting of purchase agreements, representations and warranties, indemnification provisions, and post-closing integration issues. Our IP and technology background is particularly valuable in transactions involving software companies, tech startups, and businesses with significant intellectual property assets.

Corporate Governance

Good governance protects both the business and its stakeholders. We advise boards of directors and management teams on fiduciary duties, corporate formalities, board resolutions, annual compliance requirements, and conflict-of-interest policies. Illinois corporate directors are subject to fiduciary duties codified under 805 ILCS 5/8.65. For growing companies, we help establish governance frameworks that scale with the business and satisfy the expectations of investors and partners.

Commercial Agreements

The contracts your business signs every day define its relationships and allocate its risks. We draft and negotiate a wide range of commercial agreements, including joint venture agreements, strategic partnership agreements, licensing deals, distribution agreements, and supply contracts. Our goal is to produce clear, enforceable agreements that protect your interests while facilitating the deal.

Key Services

  • LLC and corporation formation
  • Operating agreements and bylaws
  • Mergers and acquisitions
  • Due diligence (including IP)
  • Corporate governance advisory
  • Commercial contract drafting and negotiation
  • Joint ventures and strategic partnerships

Frequently Asked Questions

Let's Connect

Every consultation is free. Whether you're a homeowner standing up to an HOA, a business owner facing a commercial or IP dispute, or you need experienced trial counsel — we are ready to help.

Based in Chicago. Licensed in Illinois and Wisconsin. Serving clients nationwide.

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Or reach us directly at contact@krepplaw.com

Our Office

1111 N Spaulding Ave

Chicago, IL 60651

We typically respond within 24-48 hours.