Members-only forum — Email to join

Single Member LLC in Illinois — converting LLC to C-Corp for funding

Started by asking_for_friend_worker_OH · Sep 24, 2024 · 1,606 views · 5 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AF
asking_for_friend_worker_OH OP

I'm dealing with a situation in Illinois and need some guidance.

converting LLC to C-Corp for funding. I've been dealing with this for about 3 months now and the situation isn't improving.

I have already done some research online but got conflicting advice.

Has anyone been through something similar? What worked for you?

TL
Mod_TermsLaw Moderator

I specialize in this area of law. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

DN
DataPrivacy_Nerd

Been there. Here's what I learned.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

CS
confused_seller_GA

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

CA
CorpCounsel_Amy

Been there. Here's what I learned.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

CA
ConsumerAdvocate

I've dealt with this before.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

Want to participate in this discussion?

Email owner@terms.law to request access