Shefsky & Froelich Ltd: Shefsky Lloyd E

For entrepreneurs, established family businesses, and companies seeking to navigate the complex legal and business landscapes in Illinois, having access to seasoned counsel is invaluable. In Chicago, Lloyd E. Shefsky stands as a distinguished figure, offering decades of experience not just as a lawyer, but as a mentor, advisor, and thought leader in entrepreneurship and family business dynamics. While the firm Shefsky & Froelich Ltd. has now merged with Taft Law, Lloyd E. Shefsky continues his impactful work as Of Counsel, bringing his unique perspective to clients seeking to grow, innovate, and ensure successful transitions for their ventures. This article will delve into the profound expertise and contributions of Lloyd E. Shefsky, highlighting why his insights are particularly relevant for businesses and individuals across the Illinois region.

Lloyd E. Shefsky is a legal professional with a career spanning over five decades, marked by an exceptional focus on entrepreneurship, family enterprises, and corporate governance. He founded the Chicago law firm Shefsky & Froelich Ltd. in 1970, which later merged with Taft Law, where he now serves as Of Counsel. Lloyd's profound understanding of the business world is not merely theoretical; he has co-founded several businesses and non-profit organizations himself, providing him with a unique, firsthand perspective on the challenges and opportunities faced by entrepreneurs. This practical experience enriches his legal advice, making it highly relevant and actionable for his clients.

Beyond his legal practice, Lloyd E. Shefsky is a renowned academic and author. He is a Clinical Professor of Entrepreneurship and a Co-Director of the Center for Family Enterprises and Co-Founder of the Center for Executive Women at the Kellogg School of Management at Northwestern University. His best-selling books, "Entrepreneurs Are Made Not Born," "Invent, Reinvent, Thrive," and "Visionarie$ Are Made Not Born," are widely acclaimed resources for business leaders. Through his writings, lectures, and consulting work, Lloyd shares insights on establishing and improving corporate governance, developing and implementing succession of leadership, ownership, and voting power, and creating fair bases and techniques for various business operations. His work frequently involves advising on capital funding, mergers and acquisitions, and business expansion, both domestically and internationally. For nearly four decades, he has represented hundreds of entrepreneurs and their companies, including numerous Israeli companies with U.S. operations, and has served as counsel to the Government of Israel throughout the Midwestern U.S. His diverse background as a CPA further enhances his ability to provide comprehensive business-oriented legal counsel.

The office where Lloyd E. Shefsky practices as Of Counsel, part of the larger Taft Law firm (formerly Shefsky & Froelich Ltd.), is located at 111 E Wacker Dr, Chicago, IL 60601, USA. This prominent address places the firm in the heart of downtown Chicago, offering exceptional accessibility for clients across Illinois. The building is a distinctive fixture on Chicago's iconic skyline, situated along the Chicago River, providing not only a prestigious address but also easy navigation for visitors. For those relying on public transportation, the office is just a short walk from several major CTA 'L' train stations, including State/Lake (Brown, Green, Orange, Pink, Purple lines) and Clark/Lake (serving all 'L' lines except Blue and Red), ensuring widespread connectivity. Numerous bus routes also have stops directly in front of or very close to the building. For clients who prefer to drive, there are multiple parking garages available within close proximity, offering convenient options for vehicle parking. The central location also ensures that the firm is strategically positioned near federal and state courthouses, key financial institutions, and the bustling business district, facilitating efficient handling of legal and business matters for clients throughout the greater Illinois region.

• Entrepreneurial Legal Counsel: Advising start-ups and growing businesses on all stages of development, from formation to expansion.
• Family Business Consulting: Comprehensive guidance for family-controlled businesses on corporate governance, succession planning (leadership, ownership, voting power), and internal relationship development.
• Corporate Law: General corporate matters, including structuring, reorganizations, and ongoing compliance.
• Mergers and Acquisitions: Legal support for buying, selling, and merging businesses, including due diligence and negotiation.
• Venture Capital and Emerging Companies: Assisting new and expanding companies with securing funding and navigating growth stages.
• Business Succession Planning: Developing strategies for the seamless transition of business ownership and leadership across generations.
• International Business Operations: Advising companies on establishing and expanding operations in the U.S. and overseas, including representation of Israeli companies with U.S. interests.
• Real Estate Transactions: Counsel on real estate matters related to business operations and investments.
• Strategic Business Consulting: Providing high-level advice as a coach, mentor, and advisor to entrepreneurs and family enterprises.
• Intellectual Property Management: Guidance on protecting business innovations and brand assets.
• Tax Planning: Expertise on tax implications related to business structures, transactions, and succession planning (enhanced by his CPA background).
• Crisis Management: Assisting businesses in navigating unexpected challenges and maintaining operational continuity.

• Decades of Experience: Lloyd E. Shefsky brings over 50 years of legal and business experience, offering unparalleled depth of knowledge.
• Founder of Shefsky & Froelich Ltd.: Established a prominent Chicago law firm now part of Taft Law, demonstrating a legacy of legal excellence.
• Renowned Academic and Author: Clinical Professor of Entrepreneurship at Kellogg School of Management, author of best-selling books on entrepreneurship, and frequent lecturer globally.
• Entrepreneurial Perspective: Possesses firsthand experience as a co-founder of multiple businesses, providing practical, business-savvy legal advice.
• Dual Qualification (Attorney & CPA): His background as a Certified Public Accountant offers a unique financial perspective, enhancing his legal counsel on business and tax matters.
• Leadership in Family Business and Executive Women Centers: Co-Director of the Center for Family Enterprises and Co-Founder of the Center for Executive Women at Kellogg, reflecting specialized expertise.
• International Advisory Role: Has served as counsel to the Government of Israel in the Midwest and advised numerous Israeli companies on U.S. operations.
• Extensive Professional Recognition: Honored as an Illinois Super Lawyer (since 2005), Leading Lawyer (since 2003), and recipient of numerous awards including Entrepreneur of the Year, Civil Rights Award, and Excellence Award from the Sports Lawyers Association.
• Thought Leader and Speaker: Frequently sought after for lectures and seminars on topics such as capital funding, mergers and acquisitions, and business expansion.
• Strategic Advisor: Serves as a consultant, coach, and mentor, helping hundreds of entrepreneurs from early stages through expansions and succession.

As a highly respected legal professional with a distinguished career in business and entrepreneurial law, Lloyd E. Shefsky, as Of Counsel at Taft Law (formerly Shefsky & Froelich Ltd.), focuses on delivering exceptional value through his specialized expertise rather than offering traditional "promotions" or "special offers." The firm's commitment is to provide strategic, high-level legal and business consulting that directly addresses the complex needs of entrepreneurs, family businesses, and established corporations. Clients engaging with Lloyd E. Shefsky benefit from his decades of experience, unique entrepreneurial insight, and academic prowess, which translates into impactful, long-term strategic advantages and solutions. While specific discounts are not offered, the value derived from his counsel—such as successful business transitions, effective corporate governance, navigating complex mergers, or securing vital venture capital—far outweighs any conventional promotional incentive. For prospective clients in Illinois, the true "offer" is the opportunity to partner with a seasoned expert who can provide a holistic approach to their legal and business challenges. Interested parties are encouraged to directly contact the firm to schedule a consultation, where they can discuss their specific needs and understand how Lloyd E. Shefsky's unparalleled experience can be leveraged to achieve their unique objectives. During this process, clarity on engagement terms and fees will be provided, ensuring transparency and alignment with client expectations.

For businesses, entrepreneurs, and family enterprises in Illinois seeking the distinguished legal and business counsel of Lloyd E. Shefsky, Of Counsel at Taft Law (formerly Shefsky & Froelich Ltd.), the contact details are as follows:

Address: 111 E Wacker Dr, Chicago, IL 60601, USA

Phone: (312) 527-4000

Mobile Phone: +1 312-527-4000

Prospective clients are encouraged to reach out via phone to schedule a consultation or to inquire further about how Lloyd E. Shefsky's extensive experience can assist with their specific legal and business objectives. The firm's professional team is prepared to facilitate initial discussions and connect you with the appropriate expertise.

For individuals, entrepreneurs, and particularly family businesses across Illinois, the expertise offered by Lloyd E. Shefsky, as Of Counsel at Taft Law (formerly Shefsky & Froelich Ltd.), is exceptionally suitable and immensely valuable. The firm's prime location on Wacker Drive in downtown Chicago ensures easy accessibility for clients traveling from any part of the state, making it a convenient hub for vital legal and business consultations. However, it is Lloyd Shefsky's profound and unique blend of legal, academic, and entrepreneurial experience that truly makes him an indispensable resource for the Illinois business community.

Illinois boasts a dynamic entrepreneurial ecosystem and a significant number of long-standing family businesses, each facing distinct challenges related to growth, succession, governance, and market expansion. Lloyd Shefsky's career has been singularly dedicated to addressing these very issues. His insights on establishing effective corporate governance, implementing robust succession plans for leadership and ownership, and navigating the complexities of venture capital and mergers are directly applicable to the needs of local businesses, from burgeoning startups in Chicago to multi-generational family enterprises across the state. His CPA background further provides a holistic understanding of financial implications often intertwined with legal decisions, offering comprehensive advice that many other attorneys might not provide.

Moreover, his role as a Clinical Professor at Kellogg School of Management and his extensive writings confirm his status as a thought leader, constantly engaged with the cutting edge of business and entrepreneurial theory. This ensures that his clients in Illinois receive not just sound legal advice, but also strategic foresight grounded in current best practices and future trends. For any local entity looking to scale, transition, or simply navigate the legal intricacies of business growth within Illinois, partnering with an expert of Lloyd E. Shefsky's caliber provides a strategic advantage that is difficult to overstate. He is a guide for visionaries, truly suited to help Illinois businesses thrive.