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David K. Staub


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I am a business and tax attorney and have spent more than 35 years assisting people in starting a wide variety of businesses. I can answer questions about the basic differences between the various entities available to new businesses, including limited liability companies, corporations, S corporations and partnerships. I can provide guidance in other areas facing start ups, such as hiring employees, signing contracts and obtaining necessary licenses. I can also direct people to sources for answers to specific legal questions which cannot be answered in a forum of this nature.

Experience in the area

I have an extensive practice in the mergers and acquisitions area and have been involved in the tax and legal issues on hundreds of business transactions.

Staub Anderson LLC
Illinois business attorneys

Practice Areas
Business Organizations


-Joint ventures
Mergers & Acquisitions
-Buying/selling business
Securities Law
Tax Law
Technology Law
-Software licenses
-Development agreements



Illinois State Bar Association; Chicago Bar Association (former Chairman of the Corporation & Business Law Committee and former Chairman of the Mergers and Acquisitions Subcommittee; former Executive Committee member, Federal Tax Committee and Chairman of subcommittee on general tax issues); Keystone Foundation (Trustee); Association for Corporate Growth; Midwest Entrepreneur Forum; Midwest Association of Alpha Delta Phi


Commerce Magazine; YLS Journal; ISBA Section of Taxation Newsletter


Harvard Law School, J.D., 1977; University of Illinois, B.S. in Accounting, with highest honors, 1974

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Meghan07/15/16101010David, Thank you for your candid advice .....
Joe02/02/16101010I greatly appreciate your thoughts!
Brad 07/15/15101010Very helpful and replied very quickly. Would .....

Recent Answers from David K. Staub

2016-09-18 LLC or Tradename for Bank Account:

Legally, you will be entitled to do anything under the trade name that you can do under the LLC, including opening a bank account.    However, I recommend that you use the legal name, perhaps in addition

2016-01-27 Starting a small business:

Congratulations on your choice to join the ranks of small business owners!    To answer your specific questions:    1. I see no harm at all in preparing a business plan a year ahead of time.  A business

2016-01-03 Updating Corporate Filing Info:

Jim,    The address shown is the address of the registered office (where the registered agent is located).      Are you the registered agent for your LLC?  If so, you should file a Change of Registered

2015-07-19 Starting a on-person business:

Wesley,    When you ask "Do I even need to classify it as a business or could I be a freelancer?" it appears you are confusing two separate concepts.  A business is basically any activity that you enter

2015-05-31 corporation choice:

There is no "best" choice for your circumstances.  There are both advantages and disadvantages to an LLC (taxed as a partnership) over an entity taxed as an S corporation (which can include an LLC which


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