Free Lunch Time Teleconference Program Begins

Di Monte & Lizak attorneys Margherita Albarello and Julia Jensen Smolka kicked off their new Lunch Break Teleconference Program on May 13 to resounding success. This free monthly program allows our clients to join us "over the phone" to discuss business-related legal questions. More...

Lin Hanson Speaks on Series LLC Alternative

On January 23rd, 2008, Di Monte & Lizak partner Linscott R. Hanson spoke on "Series LLCs and an Alternative" at a meeting of the Chicago Bar Association Asset Protection Committee. Although Illinois has amended its Limited Liability Company Act (805 ILCS 180/1-1) to permit the creation of "series" of ownership interests, there are concerns about the liability shield created, as well as the high cost of creating such companies. Lin discussed the pros and cons of using the series, an alternative, using totally separate LLCs formed out-of-state. Lin is a former Chairman of the Illinois Bar Association Section on Business Advice and Financial Planning, the past chair of the Secretary of State's Business Laws Advisory Committee, and was integral in the drafting of the Illinois Limited Liability Company Act, as well as the recent amendments that created the series entity.

4th Annual Real Estate Symposium Features Lin Hanson

Di Monte & Lizak partner Linscott R. Hanson taught at the 4th Annual Real Estate Symposium presented by the Illinois Institute for Continuing Legal Education, at the Lisle Hilton Hotel, on Wednesday, February 13th. The Symposium was a full two-day course on all phases of real estate transactions, looking at environmental, title, tax and other issues, new case law, title insurance and so forth. Lin's topic was "From Land Trusts to Series LLCs - Modern Forms of Holding Title."

IICLE is an education institution, jointly created by the Illinois and Chicago Bar Associations to provide quality continuing professional education for Illinois Lawyers. Under recently adopted rules of the Illinois Supreme Court, continuing professional education is now mandatory for all Illinois Lawyers.

Laubenstein Leads Class on Handling Real Estate Sales in Troubled Market

Attorney Richard W. Laubenstein recently was engaged by one of Chicago's premiere real estate companies to offer classes to their agents and brokers throughout the Chicagoland area on how to handle residential real estate sales in today's troubled market. With housing prices stagnant, many sellers are finding themselves in a position where they owe more money on the home than the proceeds the sale generates. At Di Monte & Lizak, LLC, we have the experience needed to counsel buyers, sellers and realtors through the these tough times.

Cautions in Selling a Business

"Cautions in Selling a Business" was published in the March, 2006 Illinois Bar Journal (click here for link to article).

Administrative Dissolution: Tearing a Hole in the Corporate Veil

"Administrative Dissolution: Tearing a Hole in the Corporate Veil" was published in the June, 2005 Illinois Bar Journal (click here for link to article).

Protecting Minority Owners

"Protecting Minority Owners" is the subject of Lin Hanson's recent column in the Illinois Bar Journal, published in March, 2005 (click here for link to article). Lin also lectured on the same subject at the College of Law at the University of Illinois at Urbana Champaign, on March 15th.

In situations of oppression and overreaching by majority owners, Illinois statutes give minority owners the "right" to be bought out for "fair value." The courts have interpreted the term "fair value" to permit discounts from full value based on the minority owners lack of control, and the lack of a market for a minority interest. Lin will be discussing ways of protecting minority owners through advance planning and careful drafting of contract provisions, in both his column and his lecture.

Series LLCs

Lin Hanson's article "Series LLCs" appeared in the December, 2004 Illinois Bar Journal, the official publication of the Illinois State Bar Association.



These are the press releases we've issued. You may want to search for topics by keyword.

Advocates Society Honors Lizak
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Julia Jensen on TV
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Lin Hanson Lectures on Practice Skills
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Alan Stefaniak Lectures on Land Use
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Julia Jensen Lectures to Ark Entrepreneurs Group
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Lin Hanson Lectures on LLCs
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Lin Hanson Lectures on Board Governance Issues
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Margherita Albarello Interviewed by CNN Financial
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Lin Hanson Speaks to ISBA Business Planners
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